China Merchants Heavy Industry will set up a joint venture with Singapore-based Dyna-Mac, a supplier of FPSO modules, to better develop the construction of high-end offshore equipment such as FPSO. On April 9, China Merchants Heavy Industry

Bank of Communications Financial Leasing plans to expand its fleet, ordering eight new VLOCs and one very large container ship. A source familiar with BoComm Leasing said that the company ordered four 325,000 dwt ships in Qingdao Beihai Shi

The South African Maritime Safety Authority (SAMSA) has vowed to take all possible steps necessary to prevent people abuse on board ships sailing on South Africas oceans, inclusive of taking such harsh punitive measures as necessary, as pro

Chinas crude oil imports in March rose 4.5% from a year earlier, according to official customs data, as refiners stocked up on cheaper cargoes despite falling domestic fuel demand and cuts in refining rates caused by the COVID-19 disease ou

China has issued a guideline on further beefing up the infrastructure construction and storage capacity of natural gas to promote the stable and sound development of the sector. Efforts should be made to optimize construction layout and str

On April 13, the two-year anniversary of the construction of Hainan Free Trade Pilot Zone started signing activities, which were held in Haikou and the branch venues of cities in Hainan. COSCO Shipping Group was invited to participate in th

1.Xu lirong selected as Chinas 50 most influential business leaders in 2020. 2.31 Foreign Workers Moved into Floating Accommodation at Tanjong Pagar Terminal, Singapore. 3.Financially troubled ship design and shipbuilding company Shanghai B

The Organization of the Petroleum Exporting Countries (OPEC) and other oil producers led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic. At an emergency video conference, the group,

As the COVID-19 crisis and its economic fallout intensify, contractual parties have increasingly invoked force majeure provisions to excuse performance of contracts. This article is a follow up to Schiffer Hicks Johnsons earlier article on

As part of Singapores efforts to contain the spread of COVID-19, the first batch of 31 healthy foreign workers has moved into one of the three floating accommodations berthed at Tanjong Pagar Terminal today. About 1,300 healthy workers will

1.Workers started the construction of the Dalian Bay Cross-harbor Tunnel in the water area of Dalian City. 2.Nobu Sus 21-month detention at Pentonville Prison in the UK has come to an early close with the fallen Taiwanese magnate enjoying h

Chinas index of export container transport edged down in the past week, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 886.26, down 1.1 percent from a week earlier, according to th

The Maritime and Port Authority of Singapore (MPA) has partnered terminal operator PSA Singapore, Keppel Offshore Marine, Bibby Maritime Limited and The Ascott Limited to bring in and manage two floating accommodations to temporarily house

1.Dalian has confirmed the construction of Ocean Center City! | It is planned to be built as a marine center city in Northeast Asia by 2035. 2.China and Brazil have submitted a paper to IMO in support of applying mandatory efficiency rules

Comply with global economic development trends, promote regional economic development, and play the leading role in revitalizing the Northeast, Dalian must turn to the sea. On April 9, Dalian Municipal Government issued a circular on the gu