Sector
-
Maersk and Hapag-Lloyd hit clients with highest war risk surcharges to date
Maersk and Hapag-Lloyd are the latest liners to bring in war risk surcharges for cargoes heading in and out of…
Read More » -
Genoa tanker manager declared bankrupt
The Genoa-based shipping company FT Genoa Tankers, part of the Turkish group Furtrans, has been declared bankrupt by a local…
Read More » -
Singapore unaware of any specific Malacca threat
On the back of China’s Ministry of Transport raising security fears over Chinese vessels transiting the Straits of Malacca, the…
Read More » -
Louis Dreyfus signs up for kite system
France’s Louis Dreyfus Armateurs (LDA) Group is the latest shipowner to invest in wind power. LDA Group owns, charters and…
Read More » -
Fears grow for crew onboard arrested pipelayer in Ghana
Conditions onboard an arrested pipelayer off Ghana have been labelled deplorable, with urgent calls to get the stranded crew off…
Read More » -
Shelf Drilling jackup pair extended for two years
Dubai-based Shelf Drilling jackup drilling rigs Shelf Drilling Tenacious and the Shelf Drilling Mentor have had their contracts extended through…
Read More » -
Cosco to install scrubbers on 23 boxships
Cosco Shipping Lines has made plans to install scrubbers on 23 containerships in its fleet to comply with upcoming 2020…
Read More » -
Worker dies in New Times Shipbuilding accident
A worker died after falling from a scaffold at China’s New Times Shipbuilding yesterday. According to New Times, the incident…
Read More » -
Former CSIC general manager Sun Bo gets 12-year jail sentence
Shanghai Intermediate People’s Court has sentenced Sun Bo, former general manager of China Shipbuilding Industry Corporation (CSIC), to prison for…
Read More » -
Wellard seals livestock carrier sale and leaseback to reduce mounting debt
Australian livestock company Wellard has agreed to sell its 2009-built livestock carrier Ocean Swagman to Heytesbury Cattle Company for $22m.…
Read More » -
Survitec: A roadmap towards more effective safety compliance
Baba Devani, Survitec’s recently appointed managing director, marine, discusses with Maritime CEO the reasoning behind the reorganisation of the safety…
Read More » -
Swedish Club kickstarts loss prevention revolution
In claiming the next generation of loss prevention has arrived, the Swedish Club has detailed a new pilot project whereby…
Read More » -
Dry bulk fortunes soar, capes above $20,000 as BDI hits highest point of the year
Dry bulk fortunes are soaring this week led by capesizes, which are trading on the spot market for in excess…
Read More » -
Drewry cuts 2019 container growth estimates
UK shipping consultants Drewry have slashed their global boxport throughput growth in 2019 to 3%, from a previous prediction of…
Read More » -
ZIM moves to fill the gap left by HMM at 2M
Israeli carrier has announced a further expansion of its strategic cooperation with the members of the 2M Alliance, Maersk and…
Read More » -
MSC brings in $40 per teu Arabian Gulf war risk surcharge
MSC Mediterranean Shipping Company has become the latest liner to institute a war risk surcharge for all cargoes moving to…
Read More » -
Indonesian terror group planning attacks on Chinese ships
China’s Ministry of Transport has increased the security alert level for Chinese ships sailing through the Malacca Strait to level…
Read More » -
Royal Marines storm Syria-bound VLCC
At 2am this morning British military forces in Gibraltar took control of a VLCC bound for Syria, suspected of breaching…
Read More » -
Weekly Broker: Capes lead the charge
It has been a particularly good week for the dry bulk market, with average earnings for all sizes except handysizes…
Read More » -
US authorities remove sanctions on PB Tankers
The US Office of Foreign Assets Control (OFAC) has removed restrictions on Italian owner PB Tankers and unblocked previously sanctioned vessels…
Read More »