High shipping rates are set to continue for at least several weeks, despite new coronavirus lockdowns in Europe
Asian spot prices for liquefied natural gas (LNG) jumped nearly 50% this week to a record high, based on available data going back to 2009, as logistical issues disrupt supply to the world’s top consuming region
By ASLA - Associazione degli Studi Legali Associati
Libya - The Central Bank of Libya on Sunday introduced a new unified exchange rate agreed last month after years of division between rival branches based on opposing sides of the front line. As part of the change, the internationally recognised Government of National Accord (GNA) in Tripoli suspended a fee on foreign currency transactions that it introduced two years ago to bring the official rate closer to the black market rate
London - 25% of ports have an increased share of empty container handlings due to the Covid crisis, reports an International Association of Ports and Harbours (IAPH) survey. The report had a 46.2% response from Europe, a 15.5% from Central and South America, 9.2% from North America, 18.4% from North Asia, South East Asia, and Australia, 9.2% from Africa, and 1.5% from Middle East-Central Asia
Milan - France has offered Italian shipbuilder Fincantieri’s a one-month extension to its planned acquisition of French rival Chantiers de l’Atlantique, the finance ministry said in a statement on Wednesday
Taipei - Strong winds and rough seas caused dozens of containers on a Taiwan-based Evergreen Marine Corp. vessel to fall into the ocean off Japan's Kyushu on Wednesday after the ship departed from Busan for Los Angeles, the shipping company said Saturday. In a statement, Evergreen Marine, the largest shipper in Taiwan, said the incident happened when the "Ever Liberal" encountered strong winds about 20 nautical miles
Trieste - The first U.S. flagged Great Lakes bulk carrier to be built on the Great Lakes in nearly four decades marked a key point in its construction with its recent float out from the graving dock. Being built for The Interlake Steamship Company at the Fincantieri Bay Shipbuilding yard in Wisconsin, the vessel which is named the Mark W. Barker is the first Great Lakes bulk carrier built domestically since 1983
Rijeka - Croatia's Rijeka port will restart the procedure for selecting a concessionaire to develop and run the Zagreb Deep Sea container terminal. The board of directors of the Rijeka port has decided to cancel the current selection process and launch a new tender. In September, Luka Rijeka extended the procedure for selecting a concessionaire for the terminal until the end of the year due to the coronavirus pandemic
Dubai - Iranian Foreign Minister Mohammad Javad Zarif urged U.S. President Donald Trump on Saturday not to be "trapped" by an alleged Israeli plan to provoke a war through attacks on U.S. forces in Iraq
Istanbul - A car bomb targeting workers of a Turkish company killed four people including one Turkish citizen on Saturday in Somalia, Turkey's Foreign Ministry said. The company's staff were working on the construction of a road between Mogadishu and Afgoye, northwest of the capital, the ministry statement said. Abdiasis Abu Musab, military operation spokesman for the al Qaeda-linked al Shabaab, said the group was behind the attack
The Philippines previously imposed and later extended a flight ban from Britain until mid-January as the more contagious variant of the COVID-19 virus was first detected in England
"The army is here to help. We will have to move some people from Petrinja because it is unsafe to be here," Plenkovic said. N1 news channel quoted a Petrinja town official as saying that a 12-year old child had been killed. It showed footage of rescuers in Petrinja pulling a man and a child from the debris
Hattab said the increased capacity would be after 2023 and that the plan includes building 24 storage tanks
Relief for seafarers onboard vessel stuck off coast of China is long overdue. MSC has requested crew change since mid-2020, but no implementation so far. MSC urges governments to take a close interest and encourages all parties to find a solution urgently.
At least 15 sailors were missing on Thursday after a Panama-flagged cargo ship capsized in rough seas off Vietnam
U.S. investment company EnTrust Global, already a player in shipping finance, aims to buy ships that generate lower emissions, an executive said, the latest sign of efforts in the shipping industry to go green
Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the sector by financiers
"My colleagues and I, including the older ones, will be getting ourselves vaccinated early. This is to show you, especially seniors like me, that we believe the vaccines are safe," Lee said in a national broadcast
"BW Rhine has been hit from an external source whilst discharging at Jeddah, Saudi Arabia at approximately 00:40 local time on 14 December 2020, causing an explosion and subsequent fire onboard," Hafnia said in a statement on its website.
