News

  • Mixed reaction to IMO’s latest green deliberations October 26, 2020
    Shipping has had a mixed reaction to last week’s Intersessional Working Group on Reducing Greenhouse Gas Emissions from Ships at the International Maritime Organization (IMO), which agreed to make an existing target legally binding: to reduce the carbon intensity of shipping by 40% compared with 2008 levels in the next 10 years. The proposed amendments […]
  • France and South Korea top maritime state aid handouts during Covid-19 October 26, 2020
    Governments have been dishing out billions of dollars in shipping aid packages during the Covid-19 pandemic with very few strings attached, a situation that ought to change according to a new report from the Paris-based International Transport Forum (ITF), which operates under the auspices of the Organisation for Economic Co-operation and Development (OECD). Maritime sector […]
  • Numbers don’t add up on the record-breaking transpacific October 26, 2020
    Sea-Intelligence, a leading container shipping analyst, is warning the record rates seen on the transpacific are unlikely to last much longer. Rates from Asia to the US west and east coast have been in record territory for the last three months with carriers injecting significant capacity onto both tradelanes. However, the US is in recession. […]
  • UK special forces storm Navios tanker after suspected hijacking October 26, 2020
    UK special forces arrested seven stowaways onboard 2011-built 75,000 dwt LR tanker near the Isle of Wight for suspected hijacking activities. According to the UK’s defence ministry, the special forces boarded the vessel after receiving a distress signal from the vessel, after an incident which saw all 22 crew members escape to the ship’s citadel. The seven stowaways […]
  • Nicholas Georgiou appointed new CEO of Lomar October 26, 2020
    The Libra Group has appointed Nicholas Georgiou as the new chief executive officer of its shipowning and management business, Lomar. Georgiou steps up from the position of chief operating officer, succeeding Achim Boehme who died from cancer in July at the age of 56. George Logothetis, chairman and CEO of the Libra Group, commented: “This […]
  • Falcon Maritime joins Dania and Clipper in bulker management partnership October 26, 2020
    Falcon Maritime Group has joined V.Group’s Dania Ship Management in a new partnership agreement with Dania Ship Management Bulk. Dania Ship Management Bulk was formed in 2017 by Dania and Clipper Group, and the addition of Falcon will add two handysize bulkers to the Copenhagen-based outfit. Mikkjal Poulsen, managing director of Dania Ship Management Bulk, […]
  • Japanese offload capes October 26, 2020
    Sales in the capesize sector are still dominating the bulker S&P scene with VesselsValue noting an impressive 12 capes and newcastlemaxes changing hands in the last three weeks. Over the weekend a couple of newcastlemaxes were noted sold by Japanese owners. NS United invited offers for the 230,00 dwt, 2007-built NSS Honesty. This ship is […]
  • Eastern Pacific secures VLEC charter deal with Zhejiang Satellite Petrochemical October 26, 2020
    Singapore-based owner Eastern Pacific Shipping (EPS) has won a bid to purchase, build, and operate four 98,000 cu m VLECs for China-based Zhejiang Satellite Petrochemical. The vessels will be built at South Korea’s Hyundai Heavy Industries and Samsung Heavy Industries, and will be chartered to Zhejiang Satellite Petrochemical for 15 years upon delivery in the first half […]
  • APM Terminals signs agreement to develop bulk facility in Georgia October 26, 2020
    APM Terminals and Poti New Terminals Corporation (PNTC) have signed an agreement for the joint development of a new bulk cargo facility on the northern side of the Poti Sea Port in Georgia. The agreement comes after APM Terminals presented its plans for the development of a deepwater port at Poti to the government of Georgia […]
  • ReCAAP reports three ship robbery incidents in the Singapore Strait October 26, 2020
    The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) has reported three incidents of armed robbery against ships in the Singapore Strait over the weekend. The incidents occurred within intervals of two hours and in close proximity to each other. The attacked ships are 2009-built panamax bulker Seajourney, 1996-built […]
Courtesy Asia Shipping Media Pte Ltd in Singapore - Splash 247