Premuda will be a shareholder of the new company, which will be called CSM Italy and will be based in Genoa. Within the framework outlined, once concluded the due trade-unions consultation’s procedures, CSM Italy will provide ship management and it’s maritime services
The court-appointed manager for Ocean Tankers Pte Ltd has applied to the Singapore court to return most of the ships the company manages to the shipowners, as cash is running low and Ocean Tankers will not be able to maintain the fleet
Haifa - The ship-to-shore crane paused above the cargo ship just arrived from Dubai, then set its load down on the pier in Israel. One after another, eight containers filled with electronics, cleaning supplies, iron and firefighting equipment were unloaded off the "MSC Paris", one of the first cargo ships to make the voyage between the United Arab Emirates and Israel
London - Carriers since July have been rapidly reinstating high levels of capacity blanked in the second quarter as demand began to return rapidly, most notably on the trans-Pacific where US imports are setting records. The capacity management strategy that has kept freight rates at record levels is being tested by the rapid recovery in demand on the trans-Pacific and Asia-Europe trades
German container shipping firm Hapag-Lloyd is benefitting from a rebound in transport demand but its chief executive warned about the longer-term impact on economic activity from the coronavirus
The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions
Danish shipping giant Maersk said it will now transport ocean cargo between the United Arab Emirates and Israe, a further sign of business opening up after the two countries established full ties
New Shipping Ltd, the manager of the Panama-flagged New Diamond, has appointed SMIT Singapore Pte Ltd to lead salvage operations
Europe's fossil fuel use would plummet. By 2030, EU coal consumption would drop by 70% from 2015 levels. Oil use would fall by 30% and gas by 25%
The port of New Orleans and LOOP combined exported about 307,000 bpd of crude and 411,000 bpd of refined products and imported about 342,000 bpd in crude volumes in the three months through August, according to Kpler data
Low water levels after recent dry weather are preventing cargo vessels from sailing fully loaded on the Rhine river in Germany and adding surcharges to the usual freight rates
A spokesman for Belarusian energy firm, Belneftekhim, said a number of meetings is planned in nearest future to assess the route changes
The New Diamond is carrying about 2 million barrels of crude oil, although a senior Sri Lankan navy official said on Friday there was no real risk of a spill
"We are keeping the ship in a location that is far enough from the shore in case there is an oil leak, so that our shoreline does not get damaged."
The Gulf Livestock 1 sent a distress call from the west of Amami Oshima island in southwestern Japan on Wednesday as Typhoon Maysak lashed the area with strong winds and heavy seas.
"They're anxious to get in touch with their loved ones and families. They just simply want to step ashore"
London - As melting sea ice opens the Arctic to navigation, more ships are plying the loosely regulated polar waters, bringing increasing amounts of climate-warming pollution, a Reuters analysis of new shipping and fuel-consumption data shows. Traffic through the icy region's busiest lane along the Siberian coast increased 58% between 2016 and 2019
The Aegean II had originally altered its course due to a damaged hull and after local police had boarded it, "here had been certain incidents on board the vessel“, the EU force said in a statement
Environmental group Greenpeace said the action would lead to more pollution. Scientists say the full extent of the spill was still unfolding but the damage could affect Mauritius and its tourism-dependent economy for decades
The Iranian boat and its crew have been released, the statement said, while the legal process of transferring the bodies of the dead is underway
"The merchant fleet is neither designed nor equipped to care for additional people, and we are quickly depleting the supplies onboard," Tommy Thomassen, chief technical officer at Maersk Tankers, said in an email
Of around 325 ships still fishing in the waters near the ecologically sensitive Galapagos, 149 have at some point in recent months cut off communications, Navy Commander, Rear Admiral Darwin Jarrin told reporters
The court-appointed manager of Singapore Ocean Tankers is seeking to reclaim about $19 million from the Lim family directors of the firm
"The route set five days before the crash was wrong and the boat navigation system should have signaled that to the crew and it seems the crew ignored it."
Authorities said that they have cordoned-off Blue Bay Marine Park, with three layers of booms
German container shipping line Hapag-Lloyd nearly doubled net profit in the first half of 2020 and kept its full-year outlook intact but warned that the coronavirus crisis bears indiscernible risks for its operations
Imports at major U.S. container seaports could hit their lowest level in four years as the novel coronavirus pandemic pummels a U.S. economy that was already grappling with negative effects of the U.S.-China trade war
Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, a study released on Tuesday showed, amid growing pressure on the industry to bring levels down
Athens - Greece has exempted seafarers from COVID-19-related travel restrictions, meeting its pledge to the IMO to facilitate crew change. GAC Greece said that the Greek government has allowed seafarers entry into its country together with citizens of the following countries
Singapore bank OCBC is seeking a court-appointed supervisor to manage shipping firm Xihe Holdings Pte Ltd and four of its subsidiaries