Slowing Chinese Economy Vs Global Financial Market
The US government is monitoring the real-estate debt crisis in China closely, said Treasury Secretary Janet Yellen. A slowdown in China would have "global...
Will Delta Outbreak Implement Another Lockdown?
China is battling the spread of its biggest COVID-19 outbreak caused by the Delta variant, according to numbers announced on Monday, with travelers from...
Shipowners Make ‘$300,000 Payoffs’ To Free Detained Vessels
Indonesian navy detains ships waiting near Singapore port.
Shipowner sources say costs $300,000 to have them released.
Navy denies receiving or asking for...
Ten Ltd Announces Long-term Charters for VLCC Tankers Duo
TEN, Ltd has announced long-term charters for two VLCCs to major oil concerns, reads an official press release.
Long-term charters for carriers
The contracts, for minimum...
Bunker Sales Volume Rise By 2.5% on Year in October
Marine fuel sales at Singapore port increased by 2.5% on year during October 2021, reports Manifold Times quoting the Maritime and Port Authority of...
MOL To Participate in Marine Biodiversity Protection Project
Mitsui O.S.K. Lines, Ltd. will be participating in the industry-academia-government collaborative project to conserve marine biodiversity called "Ocean180," led by Professor Yasuhiro Kubota of...
AMSA Increases Maximum Draft Limits For Vessels
Bulk carriers, tankers and now container vessels can pass through Torres Strait with a maximum draught up to 12.5 metres, using AMSA’s under keel...
Shipping’s Extreme Consolidation Can Prolong Supply Chain Distress
Just 16 companies control 80% of world’s liner shipping, container production and box-leasing capacity.
Three main decision-making groups steer vessel and equipment pricing...
Shanghai Salvage Bags X-Press Pearl Wreckage Removal Contract
Shanghai Salvage, a division of China's Ministry of Transport, has won the contract to remove the wreck of the sunken container ship X-Press Pearl...
Shell Shifts Tax Base To UK & Ditches Dual Share Structure
Energy major Royal Dutch Shell has moved to simplify the company’s share structure as part of a push to accelerate its transition to...