The Russian master of the fire-stricken boxship X-Press Pearl was released on bail after appearing in court without charge, according to the vessel’s owner 

The request comes as attention from the US Federal Maritime Commission and Congress intensifies into the prolonged congestion at US ports

Costamare is putting some of its mounting cash balance from a sizzling market into a similarly strong dry bulk sector where opportunities may be easier to find

Congestion will only come to an end when demand eases. But as demand continues to outstrip supply, shippers are in for a bumpy summer

The longer the Evergreen-chartered boxship is prevented from sailing, the more perishable cargoes will spoil and the more retailers will order replacement consumer durables, legal experts warn

The queue of vessels waiting to berth in southern China’s box ports is increasing. The capacity removed from the market could further reduce service reliability

Company’s head says the dry bulk market will see hardly any new vessel deliveries until 2024. With new regulations coming in 2023, a phase-out of vessels is also likely

Costamare is putting some of its mounting cash balance from a sizzling market into a similarly strong dry bulk sector where opportunities may be easier to find

The new company is said to have already ordered several newcastlemaxes from New Times Shipbuilding in China to be delivered in 2023

A vaccine-led recovery is going to be a bumpy ride for the maritime markets, so we are looking at the leading indicators this month in tankers and predicting what happens now that the markets appear to have hit the bottom. Meanwhile, we are dismissing talk of a super-cycle and examining where the peaks really lie

The company says the global economy is ‘not out of the woods yet’ as inflationary pressures become a major concern for markets  

According to Lloyds List Intelligence, prior to the death of sailor and illness onboard, the bulker made a short stop at Kaloi Limenes anchorage in Crete 

The partners initially want to build Australia into an LNG bunkering. In the long term, they want to ride on the back of the country’s growth to become a leading producer and supplier of green ammonia as a zero-emission marine fuel 

The study will cover green ammonia production and supply, ammonia bunkering process, and potential issues arising from adopting ammonia as a marine fuel

Credits from Shell’s global portfolio of nature-based projects will be used to offset lifecycle CO2 emissions generated across the value chain from production to consumption and combustion, including transportation

The increase in LNG re-exports came on the back of volatility in prices. This fed trading interest and boosted liquidity in the market

A vaccine-led recovery is going to be a bumpy ride for the maritime markets, so we are looking at the leading indicators this month in tankers and predicting what happens now that the markets appear to have hit the bottom. Meanwhile, we are dismissing talk of a super-cycle and examining where the peaks really lie

The company says the global economy is ‘not out of the woods yet’ as inflationary pressures become a major concern for markets  

Pan Ocean Co announced its delisting bid after announcing a slew of charters and shipbuilding orders in the LNG space

‘A global minimum tax would erode the business model of flags of convenience and encourage companies to base themselves and their ships in bona fide flag states,’ writes Mark Dickinson

Greek dry bulk carrier owner buys back $78m of older 9.5% bonds and will use the new bond proceeds to finance the remaining portion

‘There is a lot of talk about get in and get out in five years, and hard deadlines for exit for the funds. It turns out five years isn’t a hard deadline,’ says law firm partner

The investment in the Vitol-backed Gen2 Energy will see Höegh LNG collaborate for the seaborne transportation and infrastructure development of green hydrogen out of Norway. The two companies will also work together on potentially green hydrogen propulsion system for ships

Move comes with the Chinese giant’s ambition to further expand globally, despite the ongoing coronavirus pandemic and rising geopolitical uncertainties

The longer the Evergreen-chartered boxship is prevented from sailing, the more perishable cargoes will spoil and the more retailers will order replacement consumer durables, legal experts warn

SCA rejects insurer’s claim that vessel whose grounding caused a six-day shutdown of the key waterway in March was under the charge of local pilots when it entered the southern channel

Divers have recovered the VDR from the wreck of the X-Press Pearl as the authorities draw up plans to prevent any oil spillage from the fire-stricken containership

The SCA has valued the property salved at around $2bn or even $3bn... Based on our experience of other large containership casualties the cargo value on the Ever Given is likely to be in the region of $600-700m,’ Clyde & Co head of casualty says

Ever Given was travelling above the Suez Canal’s speed limit when it grounded. But weather conditions made higher speeds necessary for control, but also carried greater risk

Brit said the consortium aims to improve efficiency in covering breach call risks, allowing brokers the opportunity to obtain instant, fully supported quotes