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Trade Wars

Pressure mounts for shipping to do the right thing

While shipping has, and is, responding to environmental challenges, the industry also needs to turn its attention to social governance

Evolution of maritime sector is closely aligned to Qatar National Vision

Qatar’s vision of a diversified economy combined with environmental protection will form the backdrop to the most significant maritime event to be held in the Gulf state for many years.

P&I clubs quintuple deductible on excess war risk cover to $500m

The move will require owners of ships that are worth more than $100m to buy higher value cover on their first layer of war risk insurance

FSO off Yemen presents explosion threat

‘The risk of explosion increases by the day, and if that were to happen, not only would it damage or sink any ships in the vicinity, but it would create an environmental crisis roughly four and a half times the size of the Exxon Valdez oil spill,’ the report says

US tightens sanctions net on Iran's petrochemical sector

The US has been tightening the sanctions net on the Islamic Republic since April 2019 when President Donald Trump announced the designation of Iran’s Islamic Revolutionary Guard Corps as a foreign terrorist organisation

Bureau Veritas says French-led coalition on decarbonisation is industry leader

BV’s commitment to a maritime energy transition coalition is just one of the partnerships the class society has joined as it seeks to advise shipowner clients on the decisions they have to make.

Ukraine and Georgia raise Crimea concerns at IMO

The US and EU states have backed Ukraine’s previous appeals, but the IMO says the dispute belongs elsewhere

Tanker crew released after kidnap ordeal

The crew of a Greek-owned tanker have been released after being held hostage for three weeks in the west of Africa

Long Beach port director delivers upbeat view for 2020

As a result of the recent Phase One trade agreement between Washington and Beijing, the Long Beach port supremo expects that ‘more markets’ will open up as China eases tariffs on US goods. Farm and energy exports in particular can expect an increase in volumes

Cosco Shipping units cheered by profit surge

Both the state conglomerate’s boxship and tanker units see net profits jump sharply in 2019 compared to the previous year

Samudera tanker crew repel attack

Incidents have been increasing in the area, with three boardings in the Singapore Strait in January so far

Transpacific sees first contraction in a decade

Dismal final quarter leads to first decline in full-year eastbound transpacific volumes since 2009

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