Business

A bulletin has been issued on novel Coronavirus (COVID-19) by Shipowners Club. It highlights the origins and prevention measures to be taken by vessels. It considers two key clauses that may alter the rights and obligations of shipowners...

A new paper from the International Council on Clean Transportation has found that short-term emission reduction measures proposed by Japan are unlikely to materially reduce greenhouse gas emissions, reports Business Green. Strict Targets The International Maritime Organisation (IMO) must toughen targets...

2M Alliance partners with SM Line to continue their six weekly services between Asia and the West Coast of the US and Canada. 2M Alliance's cooperation deal with Hyundai Merchant Marine (HMM) will expire in the first quarter...

ABB has delivered an approach to reducing marine emissions. It was delivered in the US House of Representatives Committee on Transportation and Infrastructure. The approach plans to assess current and future technologies for zero-emission vessel operations. ABB urges...

HMM has taken delivery of its record-breaking 23,964 teu boxship. It has a container capacity of 23,964 teu and has clinched the title of 'world’s largest containership'. The ship features 24 rows across and will join the Asia...

Oil prices have declined rapidly in the last two weeks, due to the coronavirus outbreak. The stocks oil-related companies suffered already due to climate change protests and BlackRock's (BLK) decarbonization moves. The market's current reaction allows investors to...

Maersk UK & Ireland manager Brian Godsafe, has called it quit after an illustrious 38 year long career with shipping giant. And now, the company has announced that they are promoting Jeremy Haycock to the area manager position, reports...

Protection Vessels International has released the 4th Weekly Maritime Security Report of 2020. The report summarized on 6th February 2020 highlights the various incidents that took place in the past week. Japan: Authorities quarantine 3,500 people on cruise ship in...

The Poseidon Principles are the first global climate alignment agreement between financial institutions and the shipping industry. Aim is to cut greenhouse gas (GHG) emissions in shipping by at least 50% by 2050 compared with 2008 levels. Banks...

Short term spike in the tanker market as geopolitical events and coronavirus outbreaks heightens. The outbreak caused some short-term tanker rates to fall but still, the IMO 2020 situation looks beneficial for tanker giants like Scorpio Analysts don't...