There is much in the press about the economic impact of the Coronavirus (CoVid19) outbreak on tourism and supply chain/trade disruption with China. The insurance industry is already affected for example by cruise line passengers, crew PI an

China will temporarily lower the transportation costs for import and export enterprises, as part of efforts to fast-track work resumption and keep the foreign trade sector afloat amid the novel coronavirus outbreak. Port construction fees l

1.Chinas business and travel activities are steadily recovering after being disrupted by the coronavirus outbreak, but rapidly rising infections globally will pose a challenge to the countrys broader economic resumption. 2.Chinese oil and g

Chinas business and travel activities are steadily recovering after being disrupted by the coronavirus outbreak, but rapidly rising infections globally will pose a challenge to the countrys broader economic resumption. Nomura estimated in a

Saudi Arabia was not bluffing when it said it would focus on crude-oil market share. New tanker charter contracts at extremely high rates confirm that a large wave of Saudi oil is definitely en route. Rates for VLCCs (very large crude carri

Lloyd s Register, one of the world s leading providers of professional services for engineering and technology, has donated RMB 1 million to the Yangtze River Shipping General Hospital in Wuhan, which is at the frontline of the fight agains

Jotun and Kongsberg Maritime have jointly developed a remotely operated robotic hull cleaning system, which the partners claim could cut CO2 emissions by 12.5% annually on a typical vessel through proactive bio-fouling control. HullSkater c

Chinese oil and gas company CNOOC Limited has made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first large-sized oil field in Laibei lower uplift.: The Kenli 6-1 structure is located in Laibei lower uplift in

Privately-owned shipowner SITC International which is listed in Hong Kong, announced its 2019 financial report. For the year ended December 31, 2019, revenue was approximately US $ 1.554 billion, up approximately 7.2% year-on-year; Sharehol

1.Privately-owned shipowner SITC International announced its 2019 financial report. For the year ended December 31, 2019, revenue was approximately US $ 1.554 billion. 2.Chinas southern coal import region of Xinsha in Guangdong province has

Increasing numbers of COVID-19 cases are now reported in countries across all continents except Antarctica, and the rate of new cases outside of China has outpaced the rate in China. All ships undertaking international voyages, and particul

Chinas coastal bulk freight market has seen a decline in general demand in the week ending Friday, according to the Shanghai Shipping Exchange (SSE). The composite index for coastal bulk freight fell 0.4 percent week on week to 901.18, the

Despite the COVID-19 delays impacting many of Chinas repair shipyards, SeaQuest Shipmanagement has ensured that a clients handysize bulk carrier completed her second special survey, dry-dock and Ballast Water Treatment System (BWTS) retrofi

There are signs that shipping operations in China are returning to normal, according to figures from Lloyds List Intelligence, which show the number of container-related vessel calls at the major container hub of Shanghai and Yangshan have

The ship sank at around 1500 Beijing time Mar 14, of 13 crew, 10 were rescued, 3 are missing. Cargo ship JING WEI 188 sank reportedly, on Mar 14 or 15, in southern Taiwan Strait south of Xiamen, 3 crew are missing. The ship was en route fro