The Hong Kong Federation of Insurers yesterday (1 August) offered a revised estimate of the cost of the damage inflicted by the super typhoon Mangkhut that ripped through the territory on 16 September 2016. Based on the statistics of 54 ins

The judges for the International Maritime Rescue Federation Awards 2019 have announced their shortlist, following careful consideration of the range of extremely compelling entries from around the world. Designed to honour the outstanding c

1.Chinas largest maritime conglomerate, state-backed Cosco, has leapt from fifth spot to bronze in the newly termed premier league of global terminal operators. The Chinese giant now stands just 0.6m teu away from overtaking Hutchison Ports

China has announced opening up the upstream exploration of its oil and natural gas resources by scrapping joint-venture restrictions, as a vital step in easing market access for foreign investors, sources reported. Effective July 30, the mo

Hong Kong-based minor bulk specialist Pacific Basin saw first half net profit fall to US$8.2m, an underlying loss of US$0.6m, from a 2018 1H figure of US$30.8m as a crowd of adverse conditions battered the trade. The company said the tradit

Hong Kongs Orient Overseas Container Line (OOCL), now a unit of Cosco, has cancelled a number of Asia-Europe sailings owing to low market demand. The affected services are as follows: the Asia-Adriatic Sea (AAS) that plies the Asia to west

The Baltic Exchanges main sea freight index fell for an eighth straight session on Thursday, as increased vessel supply and easing demand for shipping iron ore dragged down capesize rates, while soft South American orders hurt panamaxes. Th

Background The first incident involved a night-time production operator on a fixed facility who was found to be missing from the platform during morning rounds. The personnel onboard noticed a section of grating displaced in the upright pos

Hong Kong-based Orient Overseas Container Line issued a note to its customers on 31 July informing them that it will strengthen the companys Dangerous Cargo acceptance and container inspection policy. Henceforth OOCL will impose additional

China National Petroleum Corp has pledged to come up with more than 100 million metric tons of equivalent equity production of oil and gas from abroad by 2020, especially in markets in Central Asia, Russia, the Middle East and Africa. The o

There have been recent reports of a fatality at a shipbreaking yard in Bangladesh. A worker sadly lost his life having accidentally fallen while scrapping a container ship. Evergreen wishes to express sympathy for this loss of life and for

1.Classification society, Bureau Veritias (BV) has been approved by the China Maritime Safety Administration to operate in international ship registration inspection and classification services in Chinese free trade zones. 2.An average 5% i

The Singapore Shipping Association (SSA)the industry voice of Singapores maritime communitytoday organized its inaugural Tech and Demo Day, during which it announced the formation of a new Digital Transformation Committee. The association s

Global, sector-focused law firm HFW has hired Christopher Jones, a renowned former shipbroker with almost 50 years experience in the shipping industry. Chris will join the firm on 1 August as a Consultant in our Singapore offices Shipping p

Most voyage charterparties make the commencement of laytime conditional on the tender of a valid notice of readiness. If the notice is invalid, then in the absence of a waiver by charterers laytime will not commence at all, even if the char