The West of England PI Club said yesterday (16 June) it will acquire a significant stake in fledgling marine cyber insurance provider, Astaara Company Limited, based in London. West of England managers described Astaara as a company focused

There has been a massive 400% increase in attempted hacks on commercial shipping since February 2020, Israeli cybersecurity specialist, Naval Dome claimed earlier this month. The hacking onslaught began as the maritime industry turned to gr

Chinas oil majors are planning ahead in Hainan province as they believe the package of preferential policies to build the area into a globally influential and high-quality free trade port will drive up local oil and gas demand. Hainan Oil R

International ship manager Bernhard Schulte Shipmanagement (BSM) and the Cyprus Marine and Maritime Institute (CMMI) have signed an MoU to launch a game-changing initiative named True North 72 aiming to encourage innovation across themariti

On June 11, China had its first lighthouse weather observation station, which was installed at the Jiujiejiao lighthouse on the main channel of Xiamen Port in Fujian Province. Xiamen port is the 14th largest container port in the world, but

1.China is expected to lead with 25% capacity share in the global liquefied natural gas (LNG) regasification industry from new-build (planned and announced) projects between 2020 and 2024. 2.News that the Governments bill to provide tax inc

News that the Governments bill to provide tax incentives for ship lessors has been passed by the Legislative Council is set to provide another boost to Hong Kongs maritime centre credentials. The amendment to the Inland Revenue Ordinance wi

The Baltic Exchanges Expert Witness Association is ready to establish itself as the centre of the maritime expert witness world. Born from the previous Baltic Exchange Expert Witness Panel, the Baltic Expert Witness Association (BEWA) boast

On June 3, the signing ceremony of the technical cooperation agreement between Hempel (China) Management and Jiangsu Yangzijiang Shipbuilding was held in Yangzijiang Shipbuilding Group. Senior Research and Development Department of Hempel a

On the afternoon of June 12, NEW CHANG JIANG 26007, the first oil-gas-electric hybrid inland waterway ship operated by China Yangtze Shipping Group, left the dock of Dongfeng Shipyard in Chongqing, opening a new chapter of environmental pro

1.Chinas first domestically built polar icebreaker Xuelong 2 completed its 45-day maintenance in Shanghai on Friday. 2.The Shenzhen government,PetroChina,Shenzhen Gas Group and Yantai Port Group have signed an agreement to jointly develop C

Chinas index of export container transport edged down in the past week, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 839.19, down 0.2 percent from a week earlier, according to th

Chinas first domestically built polar icebreaker Xuelong 2 completed its 45-day maintenance in Shanghai on Friday. The vessel just finished its first Antarctica expedition. Jiangnan Shipyard (Group) Co conducted the maintenance with the sup

The Government will amend the Merchant Shipping (Prevention of Oil Pollution) Regulation, the Merchant Shipping (Prevention of Pollution by Garbage) Regulation and the Merchant Shipping (Prevention of Air Pollution) Regulation to incorporat

The subcommittee set up by BIMCO and the Association of Ship Brokers Agents (U.S.A.), Inc. (ASBA) to develop a new gas tanker voyage charter party (ASBAGASVOY) has agreed on a final draft which will be presented for adoption by the BIMCO Do