ACP revises Panama Canal transit tolls for the second time after expansion, increasing the perks for container ships and hike prices for other vessels.
The original ‘Panamax’ locks can handle container ships up to a maximum capacity of...
The Baltic Briefing has issued the tanker report for the 25th week of this year. The report dated 21st June 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
Since last week’s attacks in...
Insurance industry having concerns about the size of the vessels say bigger vessels means a potential loss of about $4bn.
Fires and explosions on board continue due to misdeclared cargo generate large losses, with 174 incidents last year...
The global marine fuel regulation could diminish the price advantage for marine gasoil (MGO) that Panama enjoys over other Latin American countries, reports Argus Media.
That is because the International Maritime Organization's (IMO) 2020 rules will drive up demand for...
The Baltic Briefing has released a report about the dry bulk market of the 25th week of shipping activities of this year. The report dated 21st June highlights the plight of the dry bulk market at the on-sight of...
Sembcorp Industries has provided Singapore’s offshore rig builder Sembcorp Marine with a five-year subordinated loan facility of $1.5 billion.
The move is expected to strengthen Sembcorp Marine’s financial position amidst the current downturn in the global offshore and...
In a major development, the Panama Canal Authority's board of directors has announced that they have approved a proposal to modify the Panama Canal tolls system and the regulation for the measurement of vessels, to be effective Jan. 1,...
KSS Line is expanding its fleet with a newbuilding order for up to two VGLCs at HHI.
Deal is for one 86,000-cbm standard VLFC ship with scrubber and an option for a second unit at a price of...
According to a press release published on Global Newswire website, on 3 June 2019, A.P. Møller - Mærsk A/S (the Company) announced the first phase of a share buy-back program.
Compliant with EU commission regulation
The share buy-back program is in...
Protection Vessel International has released the Maritime Security Report for Week 22 of 2019. The report formulated on 18th June 2019 highlights the various security breaches that have happened over the past week.
Iran: Attacks target two tankers in the Gulf...
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