Lloyd’s List Intelligence data shows the route taken by the product tanker Nave Andromeda before it was involved in an incident involving UK special forces last weekend, including stops off the coasts of France and Spain. Meanwhile, LNG carrier rates have seen a recent lift

The Aponte family has taken the unusual step of recruiting an outsider to a pivotal role within the MSC group, but it has had to wait 12 months for Søren Toft to start his new job after leaving his former employer, Maersk

The coronavirus backdrop and trade tensions have helped fast-track the manufacturing shift to Southeast Asia away from its traditional home in south China. While there is still a vast disparity in volumes, with China comfortably the region’s biggest exporter, there is an emerging chunk of cargo migrating south

With just over two months to go until the end of the transition period, the UK freight sector is preparing for major changes in how trades occur with the EU. But there are concerns that some businesses have not yet done enough to prepare for the new trading environment

Nantong Cosco KHI Ship Engineering Co will build three of the ships for $157.7m apiece, while Dalian Cosco KHI Ship Engineering Co will construct the remaining four at a similar price. Deliveries are scheduled for between the third quarter of 2023 and the same quarter of 2024

On our podcast this week, senior reporter and editor of the Lloyd's List magazine Linton Nightingale is joined by the chair of our editorial board Janet Porter and Container Trades Statistics chief executive Peter Webber. The trio chew the fat over the history of CTS and how it came to be, while analysing the latest container trade volume data which points to an unlikely peak season as the industry recovers from the initial impact of Covid-19

Dry bulk carrier owner Bulkseas Marine Management has emerged as the buyer of an 11-year-old Japanese-owned kamsarmax

Lloyd’s List Intelligence data shows the route taken by the product tanker Nave Andromeda before it was involved in an incident involving UK special forces last weekend, including stops off the coasts of France and Spain. Meanwhile, LNG carrier rates have seen a recent lift

In this edition of the monthly maritime markets outlook: The link between floating storage and the tanker outlook for late 2020 and early 2021 | Dry bulk markets with a focus on China’s steel figures | What idle dry bulk fleet figures tell us about the pace of China’s economic recovery | Shipping’s scrubber gamble

Braemar analyst Nick Ristic sees the grain trade growing by almost 4% this year versus the previous season. He believes that Chinese imports of soyabeans from the US are set to improve over the coming months, following healthy sales activity between the two countries

Move comes amid rising attacks in West Africa’s Gulf of Guinea, where pirates are said by experts to have become more professional while the number of kidnapping cases has surged this year

Nailing down a definition of leadership in shipping has always proved hard. That’s because the industry is fragmented, which is a survival mechanism. Well-run companies don’t depend on membership of an alliance.

The Nave Andromeda’s master did the right thing to send out a mayday call to deal with threats from the seven stowaways that imperilled the product tanker’s safe navigation. Whether the men were exercising ‘control’ of the ship by the use or threat of force, and what this constitutes, will be central to any prosecution

The coronavirus backdrop is changing the established patterns of winter trading flows for refined products. Lockdown restrictions across Europe are decimating demand for middle distillates

Lloyd’s List Intelligence data shows the route taken by the product tanker Nave Andromeda before it was involved in an incident involving UK special forces last weekend, including stops off the coasts of France and Spain. Meanwhile, LNG carrier rates have seen a recent lift

The product tanker Nave Andromeda has now left the UK. Lloyd’s List Intelligence tracking data show it heading for Antwerp

In this edition of the monthly maritime markets outlook: The link between floating storage and the tanker outlook for late 2020 and early 2021 | Dry bulk markets with a focus on China’s steel figures | What idle dry bulk fleet figures tell us about the pace of China’s economic recovery | Shipping’s scrubber gamble

Ofac noted that Iranian petrochemical sales remain a key revenue source for the regime, which benefits from a global network of entities facilitating the Iranian petrochemical sector. Parties involved in the sales as well as the brokers and myriad financial intermediaries were all slapped with sanctions

ONE forecasts lower profits in the second half of the year amid uncertainties about the coronavirus backdrop and in anticipation of a slack season after the Chinese New Year. But the results are still expected to be much better than the previous fiscal year 

The new standardised term sheet published by BIMCO will provide some useful guidance about how to put a term sheet together, but lawyers have warned that it is not a ‘silver bullet’ and the nuances of sale and leaseback make it difficult to draw up a ‘one size fits all’ template

As container lines prepare to publish what will likely be stellar third-quarter results, and bask in the glow of ratings agency upgrades, they must also keep an eye on a future that may not see the same levels of demand generated this year

Factors such as when crew members join a vessel, and how long they remain on board, will have a bearing on tax liability in the United Kingdom under new rules that come into effect in April next year. Brexit could also have an impact on social security payments

Five Greek banks have managed to maintain a presence in the ship finance market while a number of bigger and supposedly stronger international competitors have retired from the fray. They have shown themselves to be nimble of strategy and speedy in their response compared to international counterparts

CIMC said the average price for new containers had also ‘increased substantially’. The results come amid an ongoing shortage of container availability in Asia

Britannia chief executive Andrew Cutler has revealed that owners of entered tonnage should brace themselves for rises of a similar magnitude to those already announced by International Group peers

Britannia says it will not set a general increase in rates but will instead raise more premium income on a ship-by-ship basis, with money back for members

P&I rates have been gradually eroding in real terms for a long period of time, which makes West of England’s 7.5% surcharge on next year’s premiums reasonable, according to the marine mutual’s chief executive. Other clubs in the International Group are likely to follow suit as well, he told Lloyd’s List

Move comes after International Group affiliate hinted at third successive pricing increase in annual report published in August, and with pool claims running at record high level for halfway mark

Standard P&I club warns that the frequency and ferocity of the storms are increasing year on year, causing much more damage and generating very large and complex claims for marine insurers

Counterparty risks across the entire supply chain have increased as the liquidity crunch caused by the pandemic presents strong headwinds globally for shipping. Experts warn that the industry will be increasingly subject to forensic probes into corporate governance and financial stability as a result