A total of seven incidents of piracy and armed robbery against ships were reported in Asia in May 2019. There was no report of abduction of crew in the Sulu-Celebes Seas and waters off Eastern Sabah; and no hijacking of ships for theft of o

Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the worlds key shipping routes. The attacks near Iran and the Strait of Hormuz reign

The IMO January 2021 deadline for shipping interests to incorporate cyber risk management into their existing Safety Management Systems is fast approaching. It is critical that stakeholders understand their vulnerabilities. The IMO has issu

That the International Union of Marine Insurers should choose Shanghai for an Asia Forum (22-23 May 2019) is a clear indication of the rise of China as force to be reckoned with in the marine insurance sector. But it took Timothy Lee, a sen

Shanghai International Port Group has revealed a plan to issue US$700 of bonds to the Hong Kong market as part of a drive to reduce debt levels following its investment In Orient Overseas International, parent company of Orient Overseas Con

1.Xinde Marine News Green ShipTech Seminar, conducted by Xinde Marine News, coorganized by LeesGreen Ballast Water Management, Worldwide Ship, DNV GL and Marshall Islands Registry, has ended with great success on June 14th, 2019 in Shanghai

1.Cosco Shippings 5,089 teu panamax containership Tian Fu He has been stranded near Qinzhou Port for the past three days.According to a notice sent by Shanghai Pan Asia Shipping, a subsidiary of Cosco, the ship ran aground when it was enter

The Maritime and Port Authority of Singapore (MPA), in collaboration with Singapore Shipping Association (SSA), has published the second edition of two technical guides on the impending 0.5 per cent fuel oil global sulphur limit by the Inte

In terms of fuel, the shipping industry is becoming more and more aware of its impact on the environment. Considering the long-term, what sustainable fuels present viable and realistic possibilities for the maritime sector? One option that

With just two weeks remaining before theyre supposed to gather in Vienna, OPEC and its allies are still struggling to settle on a meeting date. Its the latest example of how bitter geopolitical rivalry between Saudi Arabia and Iran can caus

As weak demand growth is forecasted for the coming quarters, the container shipping industry is set to return to negative margins. Demand drivers and freight rates The number of boxes being shipped around the globe by sea grew 0.5% 191,000

New marine fuel rules to boost diesel prices for at least a year -analysts Global prices for diesel and marine fuels should rise by October ahead of a January switchover to new, very low-sulfur marine fuels, and remain higher for at least a

The Plenary Session of the 23rd St. Petersburg International Economic Forum (SPIEF) was held in St. Petersburg on June 7, according to Xinhua. Chinese President Xi Jinping, Russian President Vladimir Putin, Bulgarian President Rumen Radev,

1.Chinas CNPC and CNOOC have both signed share and purchase deals acquiring 10 percent stake each in Novateks Arctic LNG 2 project.Both deals are expected to close in the near future following the approvals by regulatory authorities in Russ

The Digital evolution is shaping the Maritime future in every aspect and all its segments, taking advantage of modern ships design and new technologies. Changes dont start with ship, but with leadership At a Digital Ship Conference in Berge