The International Chamber of Shipping met a group of charterers yesterday to highlight concerns over ‘no crew-change’ clauses. It hopes using carrots rather than sticks will encourage charterers to do the right thing

Offshore driller Seadrill announced a $2.9bn impairment charge for last year after it filed for bankruptcy protection in Texas in February. The Fredriksen-controlled driller said demand would stay low this year, with some recovery in 2022

Shipping should expect more attacks in the Red Sea and Middle East Gulf linked to the proxy conflicts between Iran and Saudi Arabia after the suspected mine blast on the Israeli ro-ro Helios Ray, Risk Intelligence warns

BIMCO joins calls to balance the cost of low- or zero-carbon fuels through market-based measures, saying first movers on decarbonisation would face significant disadvantages while fossil fuels are still much cheaper

BIMCO deputy secretary-general Lars Robert Pedersen says proposed regulatory changes could increase CO₂ emissions, as they rely on an efficiency measure that rewards emptier ships

A private maritime security company falsely claimed two Nigerian Navy guards had been killed in a pirate attack in an apparent attempt to cover up its failure to show up for a security escort job