There has been a massive 400% increase in attempted hacks since February 2020 coinciding with a period when the maritime industry turned to greater use of technology and working from home due to the Coronavirus pandemic. The data was cited

The United States warned on Monday that it would punish any country that deals with Irans top shipping company, accusing it of contributing to Tehrans contested weapons programmes. The Treasury Department said sanctions came into effect Mon

Seacor Marine Holdings, the owner of the US Offshore Support Vessel (OSV), has reached an agreement with COSCO Shipping Group to acquire a 50% stake in COSCO Shipping Groups joint venture company Seacosco Offshore. The deal is expected to c

1.OSCO SHIPPING is focused on optimizing the allocation of shipping resources to the Pacific and Indian Oceans. 2.Chinas coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industria

Chinas coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industrial users, customs data showed on Sunday. Analysts and industrial participants had expected China to tighten coal im

The China Ningbo Containerized Freight Index (NCFI) edged up in freight indices in the Middle East routes in May. NCFI, a wind vane of Chinas busiest ports freight rates for the international container shipping market, stood at 700.9 points

The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC ministerial meeting agreed on Saturday to extend oil production cuts by one month until the end of July. OPEC and allies agreed on extending the first phase of the oi

Chinas exports rose by 1.4 percent year-on-year in yuan terms to 1.46 trillion yuan ($205.74 billion) in May, official data showed on Sunday. Imports fell by 12.7 percent to 1.01 trillion yuan last month, resulting in a trade surplus of 442

On June 1, Master Plan for Hainan Free Trade Port was officially announced. On the same day, Hainan Maritime Safety Administration issued a Certificate of Ships Nationality for COSCO SHIPPING XING WANG. COSCO SHIPPING XING WANG to be launch

1.MPA and NUS Enterprise announced the launch of Smart Port Challenge (SPC) 2020 under Port Innovation Ecosystem Reimagined @ BLOCK71 (PIER71). 2.Houston-headquartered OSV owner Seacor Marine Holdings has sealed an agreement with Cosco Ship

The 13th Meeting of the 7th Board of Directors of China State Shipbuilding Corporation was held on June 3, 2020. After voting, the meeting deliberated and adopted the plan on adjusting the composition of the 7th board of directors of CSSC:

The container spot freight rates from China East Main ports to US West Coast ports rose to USD 1,837 per FEU on 1 June 2020, a 5% increase from the previous week. The rise marks a positive development despite the Covid-19 crisis which is ex

The way many national governments have neglected seafarers distress during the COVID-19 pandemic, by obstructing crew changes for months on end, will not be forgotten. But most responsible ship management companies have fought hard to get c

The Maritime and Port Authority of Singapore (MPA) and NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), today announced the launch of Smart Port Challenge (SPC) 2020 under Port Innovation Ecosystem Reim

The Notice of Readiness (NOR) clause in a previous fixture may not have the same effect if used in a new fixture.Shipbrokers should bear this in mind when copying wordings from previous fixtures says the International Transport Intermediari