The international shipping industry has warned of a threat to global trade from a mounting crisis on board merchant vessels, with up to 400,000 crew stranded either at sea or at home by travel restrictions because of the Covid-19 pandemic.

Following several discussions with the government, the Chief Secretary has exercised his powers to approve the exemption of crew members of goods vessels, including those without cargo operations, from compulsory quarantine under Cap. 599E

Representatives of the territorys seafarers unions will stage a demonstration outside government offices tomorrow in support of the worlds seafarers. As the plight of seafarers unable to off-board their vessels grows everyday more critical,

On World Oceans Day, Kitack Lim, Secretary-General, International Maritime Organization (IMO) invites a celebration of the majesty, beauty and sheer wonder of our oceans and the ships that ply their trade on them. June 8th is World Oceans D

Oil prices sank on Monday despite major crude producers agreement to extend their current output cuts. The West Texas Intermediate (WTI) for July delivery fell 1.36 U.S. dollars to settle at 38.19 dollars a barrel on the New York Mercantile

The novel coronavirus pandemic has caused large-scale disruptions in international trade and undermined the entire world economy. And although Chinas foreign trade is likely to recover after the pandemic is contained and the global economic

China Tianjin Container Freight Index (TCI), an indicator of northern Chinas international container freight rates, stood at 535.69 points on Monday, down 1.96 percent compared with the previous working day. The statistical samples of TCI c

There has been a massive 400% increase in attempted hacks since February 2020 coinciding with a period when the maritime industry turned to greater use of technology and working from home due to the Coronavirus pandemic. The data was cited

The United States warned on Monday that it would punish any country that deals with Irans top shipping company, accusing it of contributing to Tehrans contested weapons programmes. The Treasury Department said sanctions came into effect Mon

Seacor Marine Holdings, the owner of the US Offshore Support Vessel (OSV), has reached an agreement with COSCO Shipping Group to acquire a 50% stake in COSCO Shipping Groups joint venture company Seacosco Offshore. The deal is expected to c

1.OSCO SHIPPING is focused on optimizing the allocation of shipping resources to the Pacific and Indian Oceans. 2.Chinas coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industria

Chinas coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industrial users, customs data showed on Sunday. Analysts and industrial participants had expected China to tighten coal im

The China Ningbo Containerized Freight Index (NCFI) edged up in freight indices in the Middle East routes in May. NCFI, a wind vane of Chinas busiest ports freight rates for the international container shipping market, stood at 700.9 points

The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC ministerial meeting agreed on Saturday to extend oil production cuts by one month until the end of July. OPEC and allies agreed on extending the first phase of the oi

Chinas exports rose by 1.4 percent year-on-year in yuan terms to 1.46 trillion yuan ($205.74 billion) in May, official data showed on Sunday. Imports fell by 12.7 percent to 1.01 trillion yuan last month, resulting in a trade surplus of 442