Business

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Eco Barcelona with 64,000 gross tonnage was launched at Jinling Shipping. The environmentally-friendly cargo ship was launched using tugs and patrol boats. It is a roll-on, roll-off, type of ferry, designed to carry lorry trailer loads. Each ship...
Hair clippers and hair dye are flying off shelves in the United States. Americans' shopping patterns are serving as a reflection of how the coronavirus pandemic. Sales are showing that — without the ability to venture to a...
Faig Abbasov in Climate Change News, elaborates on the $500 Million fund proposed by the shipping industry to support the research into climate solutions. Noteworthy highlights This is a welcome addition to existing plans to clean up shipping. IMRF proposes...
Standard Chartered Bank becomes the first financial institution to join TradeLens, the blockchain-enabled digital container logistics platform, says a press release published on their website. Formal agreement to use the platform Standard Chartered Bank has joined TradeLens, a blockchain-enabled digital container...
WTO reported that world trade is expected to fall by up to 32% in 2020 due to COVID-19. It can range anywhere from 13% to 32%, greater than the slump in trade during the global financial crisis of...
P&O Maritime Logistics has secured a contract to build two vessels to support Ok Tedi Mining Limited’s (OTML) growing export requirements. The vessels, designed by Wartsila Ship Design, will be built at Fujian Mawei Shipbuilding Limited in China,...
In a major development, RightShip announced a new program for the dry bulk sector which aims to ensure the highest levels of safety, security and environmental excellence, reports Safety4Sea. The new Dry Bulk Management Standard (DBMS) aims to support the...
Many ship waste systems allow hazardous food waste into sewage and greywater. This gives rise to biosecurity threats and to be safely disposed of. Non-compliant waste disposal systems are being approved by maritime authorities and class societies. Food...
Cruise operators are entering hot lay-up scenarios with their cruise ships. This ensures that the crew and a ship could return to service almost immediately. Carnival has filed $2 to $3 million per month per vessel for a...
Carnival plans to issue $1.25 billion in stock, $3 billion in secured notes and $1.75 billion in convertible notes all due 2023. Carnival’s stock dropped by about 15% in premarket trading after the announcement, but recovered after the...
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