According to ITIC - International Transport Intermediaries Club incorrectly addressing emails can prove costly as was demonstrated in a recent case where the insurer had to reimburse a shipbroker US$ 50,000 in respect of such an error. In t

CDB Leasing announced that the companys wholly-owned subsidiary, China Development Bank Leasing and New Times Shipbuilding entered into a ship purchase agreement on June 15, 2021. The consideration is US$383.8 million (equivalent to approxi

The Marine Department of Hong Kong (MARDEP) on Tuesday (15 June) issued a notice to the local shipping industry stating Covid-19 restrictions for shipping services (i.e. bunkering, reprovisioning of necessities and switching of shipping doc

Ship traffic decreased overall during 2020, with the cruise industry particularly affected Imports into the EU from non-EU countries declined by 12.2% over the same period Share of goods transported by sea in 2020 increased slightly at glob

There appears to be a growing misalignment of Chinese government policies as it becomes apparent that efforts to cool commodity prices are not working, this is resulting in sporadic attempts from different parts of the government to calm th

Members and Assureds who have vessels calling at ports in China should note that the Club Correspondents have recently reported on updated local epidemic prevention and control measures in response to the Delta variant of Covid-19 that was

Capital Gas Ship Management Corp. took successful delivery today of the newbuilding LNG Carrier Aristarchos, built by Hyundai Heavy Industries, S.Korea. With cargo capacity of 174,000 m3, the vessel is highly efficient, propelled with XDF e

Sinopecs first offshore mobile bunkering station, bunkering vessel Run Ji 1, was put into operation on June 11. It will provide low-sulfur heavy clean marine bunker oil and integrated ship services to international sailing ships. Run Ji 1 i

As of the end of April 2021, Yangzijiang Shipbuilding has secured 75 new orders for ships with a total contract value of $4.01 billion this year. However, Yangzijiang has not stopped taking orders, the company received another order for thr

DNV, the worlds leading classification society, has launched Compliance Planner a new digital tool that enables DNV customers to easily track the requirements and deadlines of legislation for both individual vessels and entire fleets. As bo

As Sri Lanka deals with its worst marine ecological disaster after the sinking of a Singapore-registered container ship, questions have been raised about who bears the responsibilities in maritime incidents. The stricken ship, X-Press Pearl

With the support and guidance of governments, and under the premise of ensuring that the epidemic is safe and controllable, Yantian International Container Terminals has actively taken measures to steadily resume normal production operation

Pacific Basin , one of the worlds leading owners and operators of modern Handysize and Supramax dry bulk ships, is on a path toward decarbonization a sustainable movement sweeping through the shipping industry. As part of this ongoing strat

The Baltic exchanges main sea freight index rose for the fourth straight session on Monday to its highest in a month, supported by higher rates across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supra

Come Fly With Me With the summer holiday season nearly upon us, attention turns to the state of the jet fuel market as it contends with the opposing forces of rising demand and on-going Covid-19 travel restrictions. Naturally the sector has