In a major development, the Shanghai-based Lingang Group has inked a strategic cooperation agreement with Maersk to jointly develop international shipping service and related business, reports Seatrade Maritime News.
Logistics Service in Focus
According to the agreement, the two parties will...
International Maritime Organisation in 2016 ordered ships to reduce the amount of sulfur in their fuel from 3.5% to 0.5% with a deadline of January 1, 2020.
Scorpio Tankers will be adding 19 ultra-modern tankers to its fleet...
Pirates boarded the MV Bonita at the Cotonou port in Benin and kidnapped nine crewmembers, according to shipping company J.J. Ugland, reports EuroNews.
What happened?
Nine crewmembers on a Norwegian ship have been kidnapped after pirates boarded the vessel off the...
Rates may have climbed out of the abyss, but challenges remain in place for the autumn, says Peter Sand in his BIMCO Newsletter article analyzing the Dry Bulk Market.
The article published in the BIMCO website draws attention to the...
In a letter issued on October 22nd, 2019 the Standard Club made the members aware of the 2020 Policy Renewal, Financial Positions and Open Policy Years.
The circular available in the Standard Club website states the following.
FINANCIAL POSITION, OPEN POLICY...
According to a recent Ship Technology article, Swiss shipping firm Mediterranean Shipping Company (MSC) has secured approval from the Italian Competition Authority (AGCM) to acquire a minority stake in Italian shipping company Ignazio Messina.
No competition concerns
The antitrust regulator has...
According to an article published in Freight Investor Services, Baltic Dry Index (BDI) dropped to a two-week low from a slow Capesize market.
Drop in Capesize rates
On Wednesday, the BDI registered a reading of 1,779, down 27 points or...
There was a small 2.4% gain this week for the North European market, to $594 per teu.
Carriers are still scrambling to fill their ships on the route, and load factors remaining stubbornly in the low 80%.
2M...
In a major development, Leading Classification Society ClassNK has released its “Booklet for ship crew members: Precautions concerning change-over to 0.50% sulphur compliant fuel oils” to address the IMO regulation on the new sulphur limit for fuel oil used...
According to a Loadstar article, Maersk is teaming up with industry peers and customers in its quest to find a zero-carbon fuel to power its vessels to be built by 2030.
Testing fuels for sustainable shipping
So far alcohol, biomethane and...
