The shipping industry is responsible for 3% of all global greenhouse gas emissions, equivalent to what Germany emits annually. Yet, across the globe, almost all of shipping is currently still powered by burning fossil fuels including bunker fuel and marine diesel. Ahead of the COP 27 climate conference kicking off in Sharm el-Sheikh last week,
Read MoreRecent years have seen growing tensions in the trade relations between the U.S. and China. Both countries are pursuing policies to reduce dependence on the other to manufacture goods deemed to be of national importance. Legislation has also been put in place by both countries as part of efforts to gain critical intellectual property related
Read MoreWe are proud to be recognised as one of Singapore’s Best Law Firms 2023 in the following areas: Insolvency & Restructuring Maritime & Shipping This award is based on an annual survey conducted by The Straits Times and international market research company Statista. Each year, they survey over thousands of lawyers, clients and colleagues in
Read MoreWhile Environmental, Social and Governance (ESG) may not be on every shipping company board’s agenda, this is likely to change very soon. Maritime transport represents a significant source of greenhouse gas (GHG) emissions, accounting for about 3% of global GHG emissions annually.[1] The United Nations International Maritime Organization (IMO) has adopted an initial strategy
Read MoreDespite the recent meltdowns, the cryptocurrency market is still alive and well and continues to see record levels of trade and investment even in the retail market. We have compiled below some legal evaluations of unexpected situations one might face in the cryptocurrency market. Receiving an unexpected transfer of cryptocurrency Imagine waking up one day
Read MoreThe Ministry of Manpower has recently launched a workplace safety code of practice for company management (the “Code of Practice”). The Code of Practice is targeted at the top management of the company (i.e. the chief executive and company directors) as they have the influence and control over budgets, priorities and training for workplace
Read MoreWhat Are The Risks To Crypto Investors? The cryptocurrency market has taken a real beating in recent months with the world’s most traded digital currency, Bitcoin, tumbling 70% in value, now hovering around US$20,000. The total crypto market capitalisation has also plunged by nearly two-thirds. A major trigger for that was the crash of
Read MoreThe size of the global Maritime Autonomous Surface Ships (MASS) market is projected by Allied Market Research to reach $165 billion by 2030 with the Asia Pacific region expected to drive much of that growth. Earlier this year, The Nippon Foundation, Mitsubishi Shipbuilding, and Shin Nihonkai Ferry successfully deployed Soleil, a large, vehicle-carrying ferry, on
Read MoreOver the past 24 months, businesses in Southeast Asia, a region that has a passing through of US$3.4 trillion worth of trade annually, have been forced to focus on and reassess their global supply chains. These businesses are on a journey of transforming their supply chains, to mitigate and de-risk their businesses, and are doing
Read MoreSNAPSHOTS – Three Important Shipping Cases in 2021 When is a Bill of Lading Not a Bill of Lading? The Luna [2021] SGCA 84 Brief facts: R sold bunkers on FOB terms to subsidiaries of OW Bunker (the “Buyers”). The Buyers nominated various bunker barges (of which A were the demise charterers/owners) for
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