Shipping lines are gearing up to take more ships out of service in Asia, a move sparked by the coronavirus outbreak in China hitting production. The action is also expected to drive up container spot rates dramatically, and that they will r

Specialist insurer Beazley has launched its etrading platform myBeazley in Asia, providing brokers in Hong Kong and Singapore with online access to Beazleys management liability and cyber product suites. The platform, which is currently ava

The China Ningbo Containerized Freight Index (NCFI) reported a relatively big drop in freight indices in the routes to the west coast of South America. The NCFI, a wind vane of Chinas busiest ports freight rates for the international contai

Dream Cruises, a luxury cruise liner created in 2016 for Asian sourced markets, has temporarily suspended its operation in the Chinese mainland due to the outbreak of the novel coronavirus, sources with the company said. Three passengers tr

The Baltic Exchanges main sea freight index dropped for the 13th consecutive session on Tuesday as waning demand across vessels and the coronavirus outbreak dampened sentiment. The Baltic index, which tracks rates for capesize, panamax and

The 151,000 dwt cruise ship World Dream, owned by Hong Kong-based Genting has been found to have carried at least three passengers infected with the coronavirus. The three passengers took the same China to Vietnam tour. A further two are su

1.The China Council for the Promotion of International Trade issues the first force majeure certificate for coronavirus-hit businesses. 2.Freight rates for supertankers on the Mideast Gulf and U.S. Gulf routes to Asia have fallen to their l

On the morning of February 2, China Council for the Promotion of International Trade (CCPIT) issued the first force majeure certificate to an auto parts manufacturer in Huzhou, Zhejiang. If the legal proof of the failure to perform the cont

Freight rates for supertankers on the Mideast Gulf and U.S. Gulf routes to Asia have fallen to their lowest since mid-September as the coronavirus outbreak hit Chinese oil demand, ship brokers told Reuters. Chinas Sinopec Corp, Asias larges

Foreign trade enterprises in China will resume production capacity soon, while authorities are stepping up efforts to improve the business environment and reduce their burden, the Ministry of Commerce (MOC) said Monday. Most foreign trade e

On January 31, The US government has lifted sanctions on Cosco Shipping Tanker(Dalian). Although the US government issued twice to extend the temporary exemption for Cosco Shipping Tanker(Dalian), many of its large tankers have been unable

1.US relief to state-linked Chinese tanker owner prompts oversupply concerns in a market already plagued by the coronavirus outbreak. 2.Shipping companies may face delivery delays of vessels fitted with exhaust gas filtering equipment that

Customs authorities across China have stepped up customs clearance for medical supplies from abroad amid the fight against the novel coronavirus. From January 24 to 29, more than 10,000 postal parcels containing safety materials saw fast cu

Captain Peng Yuping usually spends Jan 24, Spring Festival Eve, with his crew in their dormitories at the port of Pingtan, a coastal county in Fuzhou, Fujian province. This was the ninth year the 54-year-old had been scheduled to work durin

The Hong Kong Federation of Insurers has promoted Selina Lau, HKFIs general manager communications and committee, to chief executive. Ms Lau originally joined the HKFI in 1997 and starts her new role on February 1. Peter Tam was previously