On June 16, Ministry of Transport issued a news release, announcing the following: Newly added transportation capacity and recommended ship types in 2020 In order to deepen the adjustment of transport capacity structure and guarantee the tr

COSCO SHIPPING Energy Transportation announced that its wholly-owned subsidiary, COSCO SHIPPING Tanker (Dalian), sold its 70% stake in Shenzhen COSCO Longpeng Liquefied Natural Gas Transportation with COSCO SHIPPING Investment Dalian for RM

1. International Transport Works Federation (ITF) issued a statement to seafarers saying simply, Enough is enough. 2.State-run Zhejiang Shipping Group has issued an tender seeking shipyards to construct two 51,000 dwt supramax carriers. 3.I

Maersk will begin implementation of an innovation called Snap Back Arrestor (SBA) ropes on the mooring lines used to hold vessels in place while docked in port for loading and unloading. Mooring is one of the most dangerous aspects of port

The International Transport Workers Federation (ITF) and its affiliated seafarers unions will now assist hundreds of thousands of seafarers to exercise their right to stop working, leave ships, and return home. London. UK. The issuing of th

After weeks of calling on governments to facilitate maritime crew changes and designate the millions of workers in critical transport industries as key workers, the International Transport Works Federation (ITF) issued a statement to seafar

The West of England PI Club said yesterday (16 June) it will acquire a significant stake in fledgling marine cyber insurance provider, Astaara Company Limited, based in London. West of England managers described Astaara as a company focused

The decline in box volumes at the Port of Hong Kong has eased during May, despite COVID-19 continuing to ravage large swathes of the planet. After throughput fell by 15.9% in January, partially due to an early lunar new year and the first e

There has been a massive 400% increase in attempted hacks on commercial shipping since February 2020, Israeli cybersecurity specialist, Naval Dome claimed earlier this month. The hacking onslaught began as the maritime industry turned to gr

Dalian and Singapore iron ore futures rose on June 16, as spot prices of the steelmaking ingredient held firm near 10-month highs on robust demand from Chinas steel mills and concerns over supply. Iron ore on Chinas Dalian Commodity Exchang

Chinas oil majors are planning ahead in Hainan province as they believe the package of preferential policies to build the area into a globally influential and high-quality free trade port will drive up local oil and gas demand. Hainan Oil R

International ship manager Bernhard Schulte Shipmanagement (BSM) and the Cyprus Marine and Maritime Institute (CMMI) have signed an MoU to launch a game-changing initiative named True North 72 aiming to encourage innovation across themariti

On June 11, China had its first lighthouse weather observation station, which was installed at the Jiujiejiao lighthouse on the main channel of Xiamen Port in Fujian Province. Xiamen port is the 14th largest container port in the world, but

CSSCs Wuchang Shipbuilding Industry and Indonesias PT Alur Biru Maritim recently signed a contract to build three 13,000 dwt deck ships via online video Cloud. Three new 13,000 dwt deck ships will be the main ship type built by Wuchang Ship

1.China is expected to lead with 25% capacity share in the global liquefied natural gas (LNG) regasification industry from new-build (planned and announced) projects between 2020 and 2024. 2.News that the Governments bill to provide tax inc