Kitack Lim
Incumbent returns unopposed in re-election. Lim expects to focus on implementing sulphur cap

Carmelita Hartoto
Jakarta is tightening regulations on Indonesian ships entering the international trade while further delaying restrictions on foreign shipping

CEO of STX Offshore & Shipbuilding, Jang Yoon-geun.
The South Korean shipbuilder has sold a factory, floating dock, and apartment block to strengthen liquidity and hopes to win banks’ support

Offshore wind farm
The move comes as the offshore wind energy market is forecast to grow to USD50.5 billion by 2023 amid rising demand for renewable energy and government initiatives to reduce greenhouse gases, according to an industry report.

Shell sign
Shell follows Conoco Phillips and sells stake in Greater Sunrise to the Timorese government.

Beach strewn with plastic litter
Measures in the plan addressing shipping’s contribution to marine plastic litter include a review of the application of placards, garbage management plans, and garbage record-keeping in MARPOL Annex V, and potentially establishing a required mechanism to declare loss of containers and identify numbers of losses.

A Capesize bulker loading
China’s increasing use of scrap in steel production is likely to negatively affect coking coal imports and, in turn, damage the market for large dry bulk vessels, including Capesizes and Kamsarmaxes, Fairplay was told.

Chinese bank notes
Chinese state-owned investment group is the latest in a growing list of ship lessors.

Massive rebound
Offshore vessel operators are expected to see the market rebound over the next five years.

KSS Line CEO Lee Dae Sung
Amid rising charter rates, KSS Line to dedicate one VLGC to transporting LPG for Swiss commodity group.

Ardmore Explorer
Chinese finance lessors have been increasing their presence in shipowning; CMB FL now has nearly 70 vessels.

Sit Kwong Lam (right)
Rising VLCC charter market prompts reversal; Shell taking nine tankers on long charter, company working with Chinese bank to bolster liquidity.

Bomin bunkering vessel Keila
The sale comes two months after Bomin said it was exiting the bunker market in Antwerp as part of a re-evaluation of its global business that will leave Bomin just with hubs in Hamburg and Houston.