Jun 19, 2018
— The South China Sea averages about 150 piracy incidents per year but can see spikes of activity that push it up to 550. Almost 30 percent of worldwide maritime traffic travels through the area. This includes all of the European goods to China, and almost all of the oil from the Persian Gulf to South East Asia.
Jun 18, 2018
— For nearly 18 months, or even longer, there have been steady gains in United States-bound imports from China, with much of it due to the pending, now actual, tariffs, which have been by viewed by many at protectionist measures.
Jun 15, 2018
— The Indian Coast Guard has rescued all 22 crew member of a containership following a major fire aboard the vessel while about 50 miles off the coast of India in the Bay of Bengal. The India-flagged SSL Kolkata reported fire just after midnight on Thursday. The fire was reportedly caused by an explosion in one of the shipping containers and later spread to about 60 other containers.
Jun 12, 2018
— Rising fuel prices and strikes have hit China’s truck market. Truckers across the country have staged mass protests and refused to work over the weekend. They claim transport fees are no longer sustainable in the face of rising fuel costs.
Jun 11, 2018
— Singapore is imposing restrictions on navigation and prohibited zones next week in the waters around Sentosa Island where the summit between US President Donald Trump and North Korean leader Kim Jong-Un will be held.
Jun 6, 2018
— Following Philippines President Rodrigo Duterte’s visit to South Korea, a $172.6m loan agreement has been signed for the construction of the $199.3m Cebu International Container Port (CICT), local reports cited the Department of Finance (DOF) as saying.
Jun 1, 2018
— In a major decision last week, India’s Ministry of Shipping (MoS), relaxed the cabotage law issuing a General Order, under which it is now not required for a foreign flag vessel to obtain a licence under Section 407 of the MSA to carry ex-im containers and empty containers on the Indian coast.
Jun 1, 2018
— Another step forward for the Silk Road Economic Belt just occurred as China just signed on to the United Nation’s TIR transit system, which enables authorized transporters to export goods through the EU and other member states by road without being subjected to customs inspections or duties en route.
May 31, 2018
— Indonesia and India pledged on Wednesday to step up defense and maritime cooperation, with plans to develop a strategic Indonesian naval port in the Indian Ocean, the leaders of the two countries said after meeting in Jakarta.
May 31, 2018
— The U.S. military on Wednesday renamed its Pacific Command the U.S. Indo-Pacific Command, in a largely symbolic move underscoring the growing importance of India to the Pentagon, U.S. officials said.
May 29, 2018
— With characteristic candour and acute business acumen, Hong Kong’s latest efforts to revamp and revive its maritime industry actually look like they have a good chance of succeeding. However whether they work or not will depend on another key characteristic of the city – its democratic political process.
May 25, 2018
— Delta Airlines released plans to re-launch its nonstop routes between the United States and Mumbai, following a gap period in which the carrier withdrew its flights to the region, when Delta says it was “forced to exit the market after subsidized state-owned airlines made service economically unviable.”
May 7, 2018
— Ukraine plans to launch two major projects in Black Sea ports this year, the Ukrainian Sea Ports Authority (USPA) said Friday, citing the country’s Infrastructure Minister Volodymyr Omelyan. One of the projects envisages the construction of a container terminal in the port of Chornomorsk, while another project stipulates for the modernization of the port of Yuzhny, the USPA said in a statement.
Apr 26, 2018
— Speaking at a Maritime Cyber Security Seminar in Singapore Tuesday, Maritime & Port Authority of Singapore chairman Niam Chiang Meng pledged the authority's continued support towards awareness building and capability development to help the industry boost its cyber resilience.
Apr 17, 2018
— Multilateral cooperation among ASEAN militaries has been successful, but still needs to improve if the vital sea lines of communication of the Malacca Strait are to remain clear, particularly with the rise of two strategic military competitors to the east and west, namely China and India.
Apr 3, 2018
— Japan’s Ocean Network Express kicked off operations on Sunday, marking the official start of business for what is now the 6th largest container shipping company by overall capacity. With the combined operations, ONE controls a fleet of about 240 vessels with a combined capacity of 1,440,000 TEU, ranking it as the 6th largest container shipping company with approximately 7% of global share. The company will offer 85 service loops and a comprehensive network linking more than 200 of the world’s major ports.
Mar 26, 2018
— As the U.S. and China edge closer to a full-blown trade war, Canada has urged all nations to act to preserve the pillars of the world trading system. “We need to cherish the organizations that have been the cornerstone of the world economic order,” Trade Minister Francois-Philippe Champagne said in an interview in Singapore on Saturday.