Chinese authorities have rolled out preferential income tax plans for companies and individuals in the southern island province of Hainan to build it into a globally-influential free trade port. According to a circular jointly issued by the

After a signing-on crew member was found to be positive with COVID-19 upon arrival in Singapore, the Maritime and Port Authority (MPA) has had to muster significant resources to trace travellers who were in proximity with the affected indiv

The COVID-19 outbreak has had a huge impact on the natural gas industry chain. The order of eight CNG vessels worth nearly 8 billion yuan has been delayed by the ship owners. On June 30, CNG company GlobalEnergy Ventures (GEV) announced tha

1.Chinas Jiangnan Shipyard held a keel laying ceremony on Tuesday for the first of two Exmars very large gas carriers. 2.CSSC Shipping has secured a ten-year term loan facility of $123.46m to refinance the acquisition of seven vessels. 3.CO

WinGD has unveiled a new technology designed to slash methane emissions and cut fuel consumption in its X-DF dual-fuel engines. The launch of Intelligent Control by Exhaust Recycling (iCER) is the first development to be introduced as part

OOCL proudly received the Fuel Efficiency Award at the Seatrade Maritime Awards Asia 2020 for its achievement in fuel savings and efficiency improvements. This annual industry event pays tribute to companies with remarkable achievements in

An international summit called to address the crew change crisis brought about by coronavirus pandemic lockdowns will be held in London on July 9. The meeting is led by the UK Government and aims to involve political and business leaders fr

The annual import quota for seaborne coking coal at Chinas major coking coal port, Jingtang has been nearly exhausted and the authorities are temporarily halting customs declarations, sources told SP Global Platts July 1. This may have an i

Oil product tankers earnings have skyrocketed in the first half of 2020, while the sale and purchase (SP) activity of the oil product tanker market has slowed to the lowest level since 2016. Data from VesselsValue highlight that in the firs

While the COVID-19 pandemic has been the primary global issue of the year, decarbonisation continues to be a high priority on Maritime Singapores agenda. Maritime Singapore is committed to sustainable international shipping as guided by the

BP announced that Mr. Yang Shixu will become President of BP China today, July 1, 2020, and Senior Vice President of regional affairs and urban low-carbon solutions for BP Group. Mr. Yang has been working in BP for more than 20 years. He wo

Danish owner Norden has just signed a contract with Nantong Cosco KHI Ship Engineering to build four ultramax bulk carriers. Jan Rindbo, Nordens chief executive, said the order was in line with the companys flexible asset trading strategy a

1.Hudong-Zhonghua Shipbuilding has signed contract to construct three liquefied natural gas (LNG) carriers worth 3.9 billion yuan ($551.62 million). 2.North Chinas Tianjin port ranked first in liquefied natural gas (LNG) imports among China

As an international maritime centre, Hong Kong is always mindful of the need to support the global and local shipping community. Specifically, we recognise the significance of cargo operation, and had exempted crew members of goods vessels

On June 19, 2020, the long-awaited Inland Revenue (Amendment) (Ship Leasing Tax Concessions) Ordinance 2020 (the Ordinance), which introduces concessionary tax regimes for qualifying ship lessors and ship leasing managers, finally came into