BIMCO Focuses on Ship Innovations in Asia As Likely Finance Scenes

Today, the Asian shipowners represent almost half of the world fleet with great potential. The Asian trade, fleet, seafarers and financing capital are now...

‘Temperature Score’ the New Yardstick for Investments in Climate Change Era

  According to a Reuters report, policymakers are pushing investors to do more to ensure their portfolio choices help to meet the 2015 Paris Agreement...

Beware! Chinese Inspectors Strict on IMO 2020 Violations!

  Chinese inspectors being more vigilant of sulphur cap issues and reporting even minute violations. More than 5 violations caught in 3 weeks and...

THE Alliance Discloses Its Expanded Service Network

THE Alliance announced its launch of 20-21 network schedule, with fewer weekly services on 1 April, reports The LoadStar. Despite the incorporation of HMM and...

Stock Markets Traded in Narrow Ranges Ahead of Central Bank Decisions

Stock markets traded in narrow ranges as investors awaited central bank decisions and earnings reports due out in coming weeks, reports LA Times. Markets were...

Coronavirus Hazard Puts the Clock Back on Charterparty Obligations

As Coronavirus scare escalates shipping urgently takes note of charterparty clauses. Quaranties delays and deviations have severe implications and need to be taken...

[Watch] China Builds New Hospital As Coronavirus Spreads To Europe

Chinese new year celebrations hampered as china in lockdown due to Coronavirus scare. Number cases rise 20times in the last 2 weeks accelerating...

[Watch]: Behind the Scenes of IMO Conferences

The International Maritime Organization (IMO) launched a video presenting what happens "behind the scenes" of an IMO Conference, what the preparations are and who...

Shipowner Raise Rates As 2020 Fuel Availability Concern Hits

Biggest polluters of the world’s oceans, are managing to pass higher costs onto customers. Shipping rates on major routes jumped 31% since November,...

IMO Has To Accelerate Its GHG Strategy!, Says Environmental Groups

Environmental organisations have called for the IMO’s secretary general Kitack Lim to accelerate its greenhouse gas (GHG) strategy, says an article published in Container...

Mechanical Failure! Bulk Carrier Drifts!

Bulk carrier suffered mechanical failure in Mediterranean south of Rhodes island, Greece, and started to drift, reports Maritime Bulletin. What happened? Bulk carrier ORMI loaded with...

US Transpacific Imports from Asia Decline for the First Time

Chinese transpacific container shipments to the US declined by over 1m teu in 2019. Total volumes from Asia to the US fell 2.5%,...

European LSFO Competing With Singapore Crude Amidst LSSR Price Rise

Algeria's LSFO finds increased demand as part of the 0.5% marine fuel blending pool. Crude factors have gone from $7.40/b premium on January...

Shipping Giants Explore How Big Data Can Make CBM A Reality

  Shippers are opting for condition-based maintenance strategies. They can help shipowners predict and tackle issues before they result in failures and downtime. Kawasaki’s...

Shipper-owned Containers Keen To Bring Flexibility in Shipping

Shippers have the choice of opting for carrier-owned containers or shipper-owned containers. COCs are opted for standard shipments on stretches with a high...

Chinese State Shipbuilding Corporation Bags Major LNG Contract!

According to an article published in Seatrade-Maritime News, CSSC Hudong-Zhonghua Shipbuilding announced it has inked a contract with Petronas for the construction of two...

Global Economy Looks Promising Now, Says ABB CEO

ABB Chief Executive Peter Voser said the Swiss engineering company was more positive about the global economy than it was six months ago, reports...

Global Shipping Companies Under Container Capacity Crunch

2M alliance partners Maersk and MSC have advised their North European customers of five void Asia sailings in March, and the members of the...

Kamsarmax Disabled After Engine Room Fire!

Fire disabled a UK-flagged kamsarmax in the early morning hours of January 24 off the Gulf of Aden, reports Splash247. The fire was contained to...

Coronavirus Scare Sends Ports on Scanning Spree

World's Port Authorities are on the lookout for Coronavirus cases, reports the Maritime Executive. Coronavirus outbreak The new coronavirus outbreak originating in Wuhan, China has implications...