It was a quiet week for the freight market which neither the Singapore F1 race nor typhoon Mangkhut hitting Hong Kong and Souch China failed to make any impact.
Hong Kong is planning a number of tax incentives to promote marine insurance, reinsurance and specialty insurance as the city tries to make up lost ground in the fight with Singapore for regional business.
The issues with contaminated bunker supplies in the Houston area earlier this year continue and have begun to spread worldwide, the Standard Club warned in a web alert.
Rapidly following on from successful implementation projects in Asian bunkering hub Singapore and in Hong Kong, ExxonMobil will now be the first company to supply bunker via an independently accredited mass flow metering system (MFMS) in the Amsterdam-Rotterdam-Antwerp (ARA) region. ExxonMobil Premium HDME 50™ marine fuel is now available through an MFMS that has received third-party accreditation from Lloyd’s Register.
Wilhelmsen Ships Service (WSS) has been selected to help develop the future Unmanned Aircraft Systems (UAS) regulatory framework for Singapore and will receive dedicated funding for their shore-to-ship delivery project.
Trade facilitation, especially across Asia, is set to be improved with the launch of Global eTrade Services’ (GeTS) Open Trade Blockchain (OTB), an inclusive and extensible blockchain service.