Coronavirus may drop Chinese LPG demand
In light of the coronavirus outbreak, the Chinese liquefied petroleum gas demand is likely to drop by 3% in the following two months, causing cut in the LPG shipments and affecting the freight rates.
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Cruise lines’ cancellations due to coronavirus
According to the Strait Times, following the coronavirus outbreak and with several ports in Asia ceasing their operations, major cruise lines decided to reroute or even cancel their sailings over ports in the region.
China and Myanmar to develop new deep-sea port
In fact, a new deep-sea port will constitute the core of a new economic partnership between China and Myanmar after the two countries reach a series of infrastructure deals as part of the Belt and Road Initiative (BRI).
Ports to face challenging calculations due to rising sea-levels
It is said that a set of predictions in late 2019 informed that the rising sea levels could threaten triple the number of what was previously thought. Wärtsilä now highlights that port cities are due to “bear the brunt of these effects.” Even if all the commitments are met as planned, it won’t stop sea levels from rising over the next two centuries.
Port of Shanghai: World’s busiest container port for 2019
Port of Shanghai marked another high record container throughput during 2019, handling 43.3 million TEUs. Namely, the port noted a 3% increase in its cargo throughput, in comparison with the 42.01 million TEUs of 2018. This is the 10th year in a row that the port maintains its top position as the busiest container port in the world.
The situation of piracy and armed robbery against ships in Asia
During the last SAFETY4SEA Singapore Forum, Mr. Masafumi Kuroki, Executive Director, ReCAAP Information Sharing Centre (ISC), discusses about the maritime crime situation in Asia. As he says, ReCAAP ISC aims to accurately inform about maritime crimes in Asia, while noting that such incidents are declining. Nevertheless, there are still areas of concern in which the situation must improve.
US $106M fund to keep plastic off Asia’s Ocean
The investment management firm, Circulate Capital, recently announced the first close of the US$106 million Circulate Capital Ocean Fund (CCOF), world’s first investment fund dedicated to preventing ocean plastic in South and Southeast Asia and one of the ten largest ASEAN-based Venture Capital Funds in the market.
Port of Baku inks an Asia-Europe Freight MoU
The Port of Baku along the Austrian ÖBB Rail Cargo Group and Cabooter Group (NL), came together and inked an MoU in order to boost and spread the freight traffic from the Trans-Caspian International Transport Route (Middle Corridor) passing from Europe to Central Asia and China.
Norway’s new crude may jeopardize Asian oil market
Norway is playing an active role in the oil sector as more Norwegian oil from Johan Sverdrup is arriving in Asia, being a challenge to similar crudes coming from Africa and South America. If Johan Sverdrup continues attracting refiners, there is a high possibility that it will jeopardise exports of its rival grades to the world’s top crude-consuming region.
About 75% of plastic bottles in sea come from China, report finds
The last 3 decades have seen an increase in plastic drink bottles, as they are the fastest growing form of pollution, in comparison to all debris types on remote Inaccessible Island; A newly-launched report notes that the rapid growth in Asian debris, mainly from China, coupled with the recent manufacture of these items, indicates that ships are responsible for most of the bottles floating in the central South Atlantic Ocean
