The International Chamber of Shipping reports that the coronavirus outbreak is costing the industry $350m each week in lost revenues

Pressures on insurers are not going to go away, with bigger casualties meaning there is no sign of a slowdown in the number of pool claims, and the coronavirus outbreak will complicate matters further

The current baseline scenario planning still forecasts a difficult year ahead for container lines and cargo owners, says Drewry

The steep drop-off in transpacific container volumes at the San Pedro Bay ports means that empty containers are stacking up, while a backlog of containers loaded for export is also piling up

Reports of a staffing shortage are greatly exaggerated, although training remains a challenge

CMA CGM, COSCO Shipping Lines, COSCO Shipping Ports, Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group are among those who signed for Global Shipping Business Network

Pressures on insurers are not going to go away, with bigger casualties meaning there is no sign of a slowdown in the number of pool claims, and the coronavirus outbreak will complicate matters further

The company, which kept the majority of its fleet engaged in the spot market, saw profits fall by more than half in the fourth quarter of 2019 compared with the same period a year earlier

Company says Chinese ports have been operational and so have its ships

Reports of a staffing shortage are greatly exaggerated, although training remains a challenge

CMA CGM, COSCO Shipping Lines, COSCO Shipping Ports, Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group are among those who signed for Global Shipping Business Network

Mr Oza, who has been an active SCMA member for six years, has more than two decades of dry bulk shipping experience

Pressures on insurers are not going to go away, with bigger casualties meaning there is no sign of a slowdown in the number of pool claims, and the coronavirus outbreak will complicate matters further

Reports of a staffing shortage are greatly exaggerated, although training remains a challenge

CMA CGM, COSCO Shipping Lines, COSCO Shipping Ports, Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group are among those who signed for Global Shipping Business Network

The company said it ‘remains focused on fleet utilisation and longer term relationships with charterers’

About 2.1m tonnes of dirty cargoes was loaded from the offshore port limit of the Iraqi port in January, Lloyd’s List Intelligence data shows

‘Most shipping companies at least have a cautiously optimistic outlook for the future,’ says Verband Deutscher Reeder president Alfred Hartmann

Pressures on insurers are not going to go away, with bigger casualties meaning there is no sign of a slowdown in the number of pool claims, and the coronavirus outbreak will complicate matters further

The colour chart of opaque business practice in shipping comes in an endless range of hues, but a combination of security, financial and regulatory forces have systematically hoisted the industry’s corporate veil and are forcing the industry’s hand into becoming more transparent and accountable

The company, which kept the majority of its fleet engaged in the spot market, saw profits fall by more than half in the fourth quarter of 2019 compared with the same period a year earlier

Company says Chinese ports have been operational and so have its ships

The company said it ‘remains focused on fleet utilisation and longer term relationships with charterers’

Chief executive Matt Cox expects an overall improved consolidated financial performance led by the reduction in fleet deployment to nine vessels in the Hawaii tradelane service and the financial benefits from the firm's other infrastructure-related investments

Pressures on insurers are not going to go away, with bigger casualties meaning there is no sign of a slowdown in the number of pool claims, and the coronavirus outbreak will complicate matters further

There is no definitive list of maritime jurisdictions restricting the use of open-loop or hybrid scrubbers, and operators of vessels fitted with them should check with agents or club correspondents in advance of ports calls where there is any doubt on the issue, the Standard Club has warned

Skuld announced a combined ratio of 112% last November and warned owners it would be seeking firmer pricing

‘Although difficult business conditions prevail in both the shipping and insurance sectors, the American Club’s recent experience has been highly encouraging’ — Joe Hughes

The main obstacle to change in the P&I sector is the decision-making process within the International Group where every one of the 13 clubs, regardless of their size, has the same vote

‘The reduction in rates seen over recent years has been arrested and reversed, as planned, this being an important step to address the imbalance in risk exposure/premium created by the prolonged soft market’ — London’s Ian Gooch