Tanker demolition numbers through the first quarter did little to raise hopes of reducing oversupply weighing on rates, while the latest official container volume data lays bare the initial impact of coronavirus on the industry

Freight rates usually slide following the Chinese New Year holiday. This year supply chain woe, high demand and the disruption of the canal closure have driven up rates on some routes to new records

Record lows attributed to reduced shipping activity and are unlikely to continue as world trade picks up, industry told

Commodities trader joins growing carbon credit market, with its current head of crude oil for Europe taking leadership of the new business unit

Latest container volume figures show a 16% jump in February, when factories across China remained closed to contain the spread of coronavirus. The volumes were far from typical in a traditionally slow month, as Asian factories remained open and carriers blanked fewer sailings to cope with strong demand

Box lines were already struggling with port congestion and inland haulage delays. The added disruption means any recovery will be pushed well into the third quarter

Greece’s largest shipowner, 72, remained in a coma after collapsing three weeks ago in Athens

Record lows attributed to reduced shipping activity and are unlikely to continue as world trade picks up, industry told

Commodities trader joins growing carbon credit market, with its current head of crude oil for Europe taking leadership of the new business unit

A crew member from the abandoned bulk carrier, Ula, told Lloyd’s List that the situation has reached a critical point. The 19, mainly Indian, seafarers are feeling neglected and helpless, and suffering from depression

Prices of five-year-old capes and newcastlemaxes have gained 26% over the last year, while handies have gained 29%, according to a Braemar ACM research report

‘Jacksonville is quickly emerging as an alternative port for shippers looking to avoid congestion,’ says chief executive. ‘We’re big enough to handle the business but we are not too big where we don’t pay attention to details’

Greece’s largest shipowner, 72, remained in a coma after collapsing three weeks ago in Athens

Tanker demolition numbers through the first quarter did little to raise hopes of reducing oversupply weighing on rates, while the latest official container volume data lays bare the initial impact of coronavirus on the industry

There are 75 tankers now registered with 17 flags of African countries, or Pacific or Caribbean islands with little technical expertise or large vessels in their fleets, Lloyd’s List Intelligence data shows

Record lows attributed to reduced shipping activity and are unlikely to continue as world trade picks up, industry told

Commodities trader joins growing carbon credit market, with its current head of crude oil for Europe taking leadership of the new business unit

Qatar Petroleum has also offered shorter fixed tenures for the very numerous tankers being tendered out

Commodities trader joins growing carbon credit market, with its current head of crude oil for Europe taking leadership of the new business unit

Qatar Petroleum has also offered shorter fixed tenures for the very numerous tankers being tendered out

Under the termination deal, which is conditional on the merger with International Seaways being consummated, Diamond S has agreed to pay Capital an amount of $30m, plus a further $4m will be held in escrow for payment on the transfer of management of certain specific Diamond S vessels

Greece’s largest ferry operator says pandemic wrecked a 2020 that began promisingly, leading to a loss of about $59m for the year, but the group sees a glimmer of hope for a better summer in 2021

Crete’s main port goes up for sale shortlists of approved bidders are unveiled for northern Greek ports Alexandroupolis and Kavala

Newly formed company is the creation of Harris Antoniou, formerly of Amsterdam Trade Bank, ABN Amro and AMCI, and is ambitious to simplify and speed up leasing transactions both for shipowners and for investors

Record lows attributed to reduced shipping activity and are unlikely to continue as world trade picks up, industry told

All 25 crew and master remain on board Ever Given assisting multiple investigations and inspections. Data from the voyage data recorder has been handed to investigators

The Suez shutdown exposed the fragility of global supply chains, but what about other black swan events that could potentially buoy or sink a market? This month’s market outlook offers a maritime edition of the classic board game snakes and ladders, where the team roll the dice and consider the long list of market ‘what ifs’ that will ultimately determine the fate of maritime markets more than any traditional notions of supply and demand forecasting

West of England holds its members covered without additional premiums for deviations round Cape of Good Hope, as lawyers unpack legal angles

‘Significant pricing improvement has been seen across the portfolio, but most notably in the two largest lines of cargo and hull,’ insurance market says

Due diligence, maintenance, regular checks and training will all help to improve cargo moisture damage, says loss prevention manager Captain Shajed Khan