The developing political situation could see the port security situation deteriorate quickly, cutting off crude production and making ports unsafe for vessels.
The IMO’s revised MARPOL Annex VI and the EU Benchmark Regulation will have a major bearing on the Baltic Index business when the sulphur cap regulations come into full force on 1 January 2020.
The proposed tax changes follow lobbying efforts made by local lawmakers and industry bodies, including the Hong Kong Maritime and Port Board and Hong Kong Shipowners Association, to encourage the government to introduce a raft of initiatives that would make Hong Kong a more attractive international maritime centre.
Singapore’s offshore yards giants have announced a series of deals and deliveries in recent weeks, amid signs of recovery.
Tim Nolan takes over the helm from Anthony Chiarello, who announced his retirement earlier this year.
Encouraged by signs of returning growth in the continent, the group opened an office in Ghana, while adding new services in the east.
International Registries, Inc has expanded its presence with the opening of a second office in Busan in an effort to strengthen its provision of services for the South Korean shipowning market.
CSP wants to develop its port supply chain platform and extend terminal services to better serve its clients across Asia and worldwide.
North P&I Club urges caution about potential charterparty disputes arising from sulphur cap, due to come into force on 1 January 2020.
Kawasaki Heavy Industries is stepping up its focus on LNG- and LPG-powered ships ahead of the IMO’s environmental regulations, which go into effect in 2020.
Singapore’s Nova Shipping & Logistics has entered a shipbuilding contract with China’s CSSC Chengxi Shipyard for the construction of four woodchip carriers, with options for another four.
Turkish shipowner Geden Line has won its first newbuilding order in eight years, with four Aframax tankers to be built at Samkang M&T and set for delivery in 2020.
MSC’s decision to launch a Europe–West Africa service leaves its intentions open to speculation.