Regulatory
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Future shipping regulations first need cost benefits analysis, says ICS
London: The cost of regulation is threatening the industry’s ability to ensure compliance and lessons must be learnt, the International…
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Zhongchang Marine involved in insider trading, senior official fined
Shanghai: Shanghai-listed Zhongchang Marine has been found guilty of insider trading activity in a restructuring deal in 2014 and a…
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China’s Ministry of Transport appoints new maritime tsar
Beijing: The Ministry of Transport has announced that it has appointed Li Tianbi as the new chief director of the…
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Former CNOOC executive investigated for corruption
Shanghai: Former vice president of China National Offshore Oil Corporation (CNOOC), Wu Zhenfang, has been taken away by authorities for…
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Baosteel executive investigated for corruption
Shanghai: China’s largest ever anti-corruption sweep in government agencies and state run companies has been intensified lately. The Central Commission…
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Maryland’s Attorney General Brian Frosh goes on record opposing Atlantic offshore drilling
San Francisco: The Attorney General of the state of Maryland, Brian Frosh, has added his high-profile voice to those of…
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Cabinet gives green light to convert 101 rivers into inland waterways
New Delhi: The Indian government, which has been deplorably slow in harnessing the transportation power of the country’s rivers, finally…
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Port of Melbourne comes under attack
Sydney: There’s plenty of disquiet around the docks of the host city of this weekend’s Cricket World Cup final. The…
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Korean is sixth candidate to run for IMO’s top job
Seoul: A Korean has become the sixth person to throw his hat into the ring to take up the IMO…
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Indian banks, fearing OFAC backlash, shy away from transactions involving Iranian ports
Mumbai: Indian banks have started declining exporters’ requests to process transactions requiring Iranian port services, fearing action from the Office of…
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New legislation planned to replace old laws on ports
New Delhi: The Indian government is working on new legislation to replace outdated laws relating to ports, as part of…
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Transparency International urges Tanjung Offshore to conduct audit
Kuala Lumpur: Transparency International, the global coalition against corruption, has urged Tanjung Offshore to conduct a forensic audit in order…
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Vietnam to investigate legality of carrier surcharges
Hanoi: Vietnam’s ministries of finance, transport, and industry and trade have said this week that they will review all surcharges…
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Venezuela claims victory in $46m Tidewater ruling, but will try to reduce it further
San Francisco: Venezuela will try to have an arbitrator’s $46m compensation ruling reduced, even though it feels vindicated by the relatively…
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Impounded Russian vessel released after payment of bond
Mumbai: A Russian cargo vessel, which had been detained by the Indian Coast Guard in the wake of a directive…
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Global Shippers’ Alliance formed
Surabaya: Shippers of the world have united. The European Shippers’ Council (ESC), the Asian Shippers’ Association (ASA) and the American…
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New Delhi plans anti-dumping duty on certain types of steel
New Delhi: In a bid to protect indigenous industry, India’s Ministry of Trade has recommended anti-dumping duties ranging from $180…
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Manila a step closer to changing cabotage laws
Manila: The Philippines has taken a step further to changing its cabotage laws. Three committees in congress yesterday voted in…
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ClassNK back at the top of the class
Tokyo: DNV GL’s time at the top of the ship classification league did not last long. Japan’s ClassNK announced today…
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Arctic shipping volumes falling despite record ice-melt
Oslo: No records for shipping through Arctic waters are likely to be broken this year, even though meteorologists are predicting…
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