The addition of Hong Kong as the fourth named arbitration option has prompted BIMCO to overhaul its law and arbitration clause. The new edition was approved for publication at the recent meeting of BIMCOs Documentary Committee and is availa

This year, the Indian Register of Shipping (IRClass) marks 10 years of full membership of the International Association of Classification Societies. Having been an associate member since 1991, IRClass became a full member in 2010 and has ac

Since the beginning of last year less than 60 tankers over 25,000 dwt have been scrapped, roughly half of what was scrapped in 2018. In particular, just 4 VLCCs have been demolished over the period, compared to 38 in 2018. The stats are sim

Although many of Chinas major bulk imports, such as iron ore and crude oil, have seen strong growth so far this year despite the COVID-19 pandemic, imports of coal have followed the opposite trajectory. Staggering high growth in January thr

On September 24th, Ministry of Transport, General Administration of Customs, and Ministry of Foreign Affairs jointly issued an Announcement (Announcement of the Ministry of Transport No. 78/2020), to strengthen the prevention and control of

Bill Gallagher, President, International Registries, Inc. (IRI) explains how the Republic of the Marshall Islands Registry is providing practical support in shippings focus on sustainability. Innovation, green technology, future-proof solut

Annie Ng, Head of Asia, who oversees eight offices across five countries in the Far East The surprise August 2020 decision by the United States (US) government to end reciprocal tax arrangements between Hong Kong and the US could have an im

The BIMCO Board is delighted to put forward Mr Nikolaus Sches for election at the BIMCO General Meeting in the summer of 2021. The Board highly appreciates his hard work, insight and commitment to making shipping a better and more sustainab

Big Data sits high up in the premier league of buzzwords that can confuse discussions in todays shipping industry, but it remains true that the amount of data harvested from ships continues to rise rapidly. Of the 380,000 or so messages fro

Signing a joint venture letter of intent today, Wilhelmsens Marine Products division and thyssenkrupp aim to re-examine and optimize the production and delivery process of 3D printed spare parts for the unique demands of the maritime market

On 24 September, IMO and the global maritime community came together to celebrate the annual World Maritime Day. The 2020 theme is Sustainable Shipping for a Sustainable Planet. 2020 saw everyone across the globe affected by the COVID-19 pa

Yangzijiang Shipbuilding, a private shipyard giant, is preparing to become a VLCC owner. Yangzijiang is negotiating with Jinhai Intelligent Manufacturing, another shipyard in China, to buy a VLCC that has not yet been completed. The VLCC wa

On September 25, 2020,Zhonggu Logistics was successfully listed on the main board of Shanghai Stock Exchange. ZhongGu Logistics is mainly engaged in container logistics industry of domestic trade.Through the integration of railway and highw

The announcement of Ministry of Transport, General Administration of Customs and Ministry of Foreign Affairs on strengthening the prevention and control of COVID-19 on ships and crew for international navigation is as follows: 1.The content

China, the worlds largest energy consumer, is continuing to post higher monthly LNG imports and reported a 16.3 percent year-on-year increase in August. LNG imports totalled 5.96 million tonnes last month, data from the General Administrati