BIMCO Focuses on Ship Innovations in Asia As Likely Finance Scenes

Today, the Asian shipowners represent almost half of the world fleet with great potential. The Asian trade, fleet, seafarers and financing capital are now all very important
elements of the international shipping industry, writes Wayne Wei Zhuang, BIMCO’s Regional Manager of Asia while discussing about the future of Asia’s ship financing scene in an article published in the BIMCO website.

Technology and regulation are clearly the drivers for the future shipping industry. And, to be honest, Asia...

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).

Remarkably, the BRI is Beijing’s plan to redraw the global economy and involves the building of ports; railways; roads and much else across Asia and Europe and is estimated to cost $1 trillion.



The objective of the plan is to revitalize the...

Petronas charters newbuild LNG carriers under construction at Hudong Zhonghua

Malaysia’s state-owned energy giant Petronas has signed charter contracts for two 79,900 cu m newbuild LNG carriers to be built at CSSC-affiliated Hudong Zhonghua Shipbuilding. The vessel have been ordered by an undisclosed Chinese owner, and Splash understands the owner is likely CSSC Shipping....