Greek Shipping Legend, Philip Embiricos, Passes Away At 78
Greek shipping magnate Philip Alexander Embiricos Coumoundouros died peacefully in Paris on November 20.
He was 78 years old.
A Greek Reporter news source has revealed that Greek Shipping Legend, Philip Embiricos, Dies at...
An Element of Risk for Shippers Signing New Long-term Contracts
Any significant fall in container spot rates from Asia seems increasingly unlikely this side of February’s Chinese New Year.
But thereafter the jury is out on the direction of the spot market.
And...
Report Warns China of ‘Colossal’ COVID Outbreak
China could face more than 630,000 COVID-19 infections a day if it dropped its zero-tolerance policies by lifting travel curbs, according to a study by Peking University mathematicians.
A report has been published...
This Investment Management Company Announces Green Shipping Fund
PROW Capital is proud to announce the launch of the Green Shipping Fund (GSF), a €420 million debt fund that provides credit to shipowners for investments in new and existing vessels or retrofits that...
Oil Prices Hits Record Low
New variant may worsen oil outlook before OPEC+ Dec 2 meet
OPEC panel sees surplus growing in first quarter
Oil prices plunged $10 a barrel on Friday, their largest one-day drop since April 2020,...
“Getting to Zero Coalition” on Course To Reducing Emissions
The IMO target for reduction of GHG emissions from shipping is a 50 per cent reduction from a 2008 baseline by 2050. Many in the industry see this as too little, too late, reports...
Can The International Shipping Play Fair in Paris Climate Goals?
New research from the University of Manchester shows that the current climate targets set for international shipping are far too lax, and would mean the sector cannot play its fair part in meeting the...
The Mayflower Autonomous Ship, Boats Always Break But Not The A.I.
The Mayflower Autonomous Ship, named in honor of its famous nautical forebearer and known as MAS for short, will be the first such trans-Atlantic voyage by an autonomous vessel.
In theory, building an...
Missed Opportunity To Take GHG Reduction Measures, Says ICS
The International Chamber of Shipping (ICS) have released the following statement.
Meetings have missed the opportunity to take forward a range of GHG reduction measures which would accelerate the development of zero emissions...
Master’s Fatigue Led To $72.9m Marine Accident
A tanker operating company’s decision to change masters without a handover period led to a $72.9 million marine accident, according to a National Transportation Safety Board Marine Accident Brief.
Incident
On October 17, 2020, at 0446...