The second edition of the Future Maritime Leaders essay competition encourages students and young professionals to submit essays about how the maritime sector can contribute to realizing the Sustainable Development Goals in the coming decad

1.LGM Engineering, formerly known as Gloryholder LGM, has secured a deal to supply an LNG fuel gas supply system to Dalian Shipbuilding Industry (DSIC). 2.CSSC (Hong Kong) Shipping Company released it full year financial results for 2019, b

Crude oil benchmarks fell sharply on Monday, with the Brent Crude hitting its lowest point since November 2002 as the novel coronavirus pandemic intensified and the Saudi Arabia-Russia oil price war showed no signs of abating. Saudi Arabia

CSSC (Hong Kong) Shipping Company, a Hong Kong-based ship leasing firm, released it full year financial results for 2019, boasting a 26.3% increase in net profit to HK$892.24m (US$115.87m) compared to last years HK$706.55m. Full year revenu

Edward Liu, legal director with Hill Dickinson Hong Kong, has been appointed as a member of the regions Advisory Committee on Promotion of Arbitration. The appointment was made on 25 March by Teresa Cheng, secretary for justice at the Depar

Call between Trump and Putin sets up efforts to stabilize global energy market Russian President Vladimir Putin and his US counterpart Donald Trump reached an agreement in a phone call on Monday to have their top energy officials discuss wa

1.On March 30, COSCO SHIPPING Holdings announced its 2019 annual results withrevenue of the company reached RMB151.06 billion. 2.A LNG tanker which loaded a cargo from the United States is currently heading to China, the first shipment sinc

China Gas Holdings and CG Fortune Marine have entered into a time charter contract for two new 84000 cubic meters VLGCs. CG Fortune Marine is a joint venture between China Gas and Hong Kong Fortune oil. The two new ships, ChinaGas Legend an

Supertanker freight rates are on the rise for a second time this month as producers, refiners and traders scramble to secure ships to transport crude or store a fast-growing global glut of oil, industry sources said. Freight rates for very

Besides serving epidemic-hit nation, local MA facilitate building of high-end vessels fit for multi-sector shipping industry across the world Global cruise lines may be in choppy waters right now due to the COVID-19 pandemic, but mergers an

Theyr Ltd, a premium met-ocean data provider for the marine sector, has signed up to the national SPRINT business support programme. Theyr will collaborate with SPRINT partner, the University of Southampton on the development of an industry

On March 25, Zhuhai Port Shipping successfully completed the acquisition of 60% equity of Guangzhou Yue Gang Ao International Shipping. Guangzhou Yue Gang Ao International Shipping was established in 2018. It is engaged in container transpo

1.On March 25, 2020, COSCO SHIPPING (North America) Inc. donated 1,000 N95 masks to the Town of Secaucus, where the North America Headquarters is located. 2.OOCL says that its China New Zealand Service (CNS) will offer the fastest transit t

China Merchants Energy Shipping announced on March 27 that Hong Kong Ming Wah Shipping, a wholly-owned subsidiary of the company, plans to sign a contract with China Merchants Jinling Shipyard (Nanjing) to order four 62,000 tons multipurpos

Maersk Product Tankers reported improved financial results in 2019, with an increase in revenue to USD 727.7 million (USD 647 million) and a profit before tax of USD 91.4 million (a loss of USD 35 million). Freight markets improved across a