A component of Singapores annual budget, unveiled on 18 February, was a five-year extension of dual tax incentives for insurers operating in the city state. The Insurance Business Development umbrella scheme and the IBD-Captive Insurances s

Edited by Seafarer Sub-Committee China MSA Dear Master, Welcome to China! This document provides some recommended measures to address COVID-19 risks on ships and personal protective measures for crew members. Chapter.01 What is it? What are

China Merchants Industry recently announced that Mei Zhonghua as general manager of China Merchants Jinling Shipyard (Weihai). Mr. Mei previously served as deputy general manager of China Merchants Industry Shekou Youlian Shipyard and China

1.The Japanese government confirmed on Monday 99 more people on board the quarantined Diamond Princess cruise liner were infected with novel coronavirus pneumonia, bringing the total to 454. 2.The General Administration of Customs has come

The China maritime story last decade has been all about expansion. What have Chinese financial institutions done to the rise of China in ship finance over last decade? Smarine Advisors recently conducted an annual survey and collected data

The maritime department in east Chinas Fujian Province has beefed up remote monitoring and on-the-spot patrols to ensure the safety of key projects under construction amid the novel coronavirus epidemic. The department sent vessels to escor

The Baltic Exchanges main sea freight index rose to a near two-week high on Monday, registering its biggest daily advance in more than two months as rates rose across all vessel segments. The Baltic index, which tracks rates for capesize, p

The General Administration of Customs has come out with 10 measures to help in the resumption of work at export-oriented firms and stabilizing trade growth, amid the coronavirus outbreak in the country. The measures are aimed at increasing

1.Chinas container transport for export purposes saw an overall increase in January, according to the Shanghai Shipping Exchange (SSE). 2.The number of people who have tested positive for the novel coronavirus on a quarantined ship off Japa

Lin Wenbo, general manager of Yang Ming, resigned ahead of time due to his dissatisfaction with the result of a sale and leaseback case ten years ago. Yang Ming announced that general manager Lin Wenbo retired on February 16 due to his pers

Coronavirus, a Force Majeure? A matter of facts, the legal team should do something There is an argument, whether the coronavirus outbreak constitutes Force Majeure to shipping or sales contract, it seems there is no conclusion and legal me

The coronaviruss effect on energy markets is worsening, as the sharp fall in demand in China, the worlds largest importer of crude, is stranding oil cargoes off the countrys coast and prompting shippers to seek out other Asian destinations.

Chinas container transport for export purposes saw an overall increase in January, according to the Shanghai Shipping Exchange (SSE). The average China Containerized Freight Index (CCFI) rose 10.3 percent month on month to stand at 927.91 l

When the World Health Organization announced the novel coronavirus outbreak was a Public Health Emergency of International Concern (PHEIC), it made it clear that it opposed countries imposing travel or trade bans on China. But more than 10,

As an international maritime hub, Singapore has been dynamic with all shipping activities, especially ships bunkering. 50+ majors and independent oil traders provide 45-50 million tons of fuel oil to thousands of ships calling or passing th