Kidnappers Release Twelve Crew Members of Swiss Bulker

On October 28, the Swiss judicial officials have released the twelve crew members of a Swiss ship reportedly seized off Nigeria coast. What happened? On September 22,...

Deals and M&As this week: Verifavia Shipping, Hapag-Lloyd Cruises, Fincantieri

In a recent development,Verifavia Shipping has secured contracts from Walaem Ship Management and Zeaborn Ship Management to offer verification services. What's in the contract? Verifavia will...

Can Speed Limits Help Box Ships Hit Emissions Target?

Shipping officer for lobby group Transport & Environment Faig Abbasov told The Loadstar that slow-steaming could “single-handedly” achieve the target. Can speed limits help? Mandatory speed limits...

Ship Financiers Back Tougher Action to Cut CO2 Emissions at Sea

Leading shipping finance banks have joined industry players in support of faster action to cut carbon emissions by the sector. CO2 emission agreement In April, the...

NAPA Fleet Intelligence for MOL 80 Bulkcarriers

On October 24, Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced its decision to equip 80 of its operated bulk carriers...

Global Shipping Freight Rates Slump as Trade Slows

24% decrease in the cost of hiring container ships and 10% on raw material rates. Tight credit conditions, market currency weakness and trade...

IMO’s High Sulphur Fuel Carriage Ban Remains on Track March 2020

The adoption of a ban on the carriage of bunkers above 0.50% sulphur is set to go ahead despite a number of countries seeking...

End of Detour Trades on High Seas

One of the more lucrative opportunities in global commodities markets, described as detour trades is about to get a little bit trickier according to...

Weekly Market Report

NWE/MED There has been a steady flow of cargoes this week, with mostly butane cargoes flowing from UKC and Scandinavia, says a report published by...

Pacific, Atlantic LNG Vessel Spot Charter Rates Continue Climb on Low Availability

Pacific and Atlantic day rates for LNG vessels up $70,000/day and $50,000/day since mid-September. The ballast bonus in the Pacific and Atlantic is...