Grupo R also has the right to purchase the rig during the five-year charter period, although the pre-agreed sale price was not disclosed

The missing volumes from Brazil are likely to be replaced by Canada, Australia and other smaller producers, according to Golden Ocean

Paying down debt levels and expectation of steady performance win debt upgrade for German line

Following the acquisition, the alliance will jointly develop and streamline liquid chemical logistics services using tank containers, parcel chemical tankers and a tank terminal

Disposals should be seen in context of strategy to phase out older tonnage and repurchase stock ‘at a discount’

Epic Gas notes there are only five newbuilding vessels scheduled to be delivered in 2019 and five more in 2020, representing a 1.4% increase in existing fleet capacity

Meanwhile, Standard Ireland up and running since January and already writing 40% of Standard’s business, according to Robert Drummond, soon to be managing director of Dublin outpost

Gard grew in most geographical areas, while North topped the 200m gt mark for the first time ever.

‘We are looking at renewing a similar amount of tonnage to what we had 12 months ago. A small amount of poorly performing business is being managed out of the club, and we are welcoming a few new members in,’ said Mark Collins of Standard Club

The 2019 P&I renewal round has been described as ‘the most boring renewal season ever’ by one P&I club chief executive

In 2013, there was even a threat to treat income pooling arrangements as de facto insurance schemes, thus leaving charter income subject to the impost and threatening to kill up to 1,000 KG companies. But the industry’s collective political clout proved sufficient to waylay that threat

While underwriters have been heard to talk tough before, diminished capacity may mean that this time round they can make higher premiums stick. Indeed, a consensus seems to be emerging that they may represent the only way forward

The Greek owner of the vessel vehemently denies allegations and plans to take legal action against the ITF

Human Rights at Sea report argues that ship registries submitted to political pressure when delisting the rescue vessel

The shipment, valued at $1.3bn, had been loaded into two containers that were being trucked through Los Angeles 

The tanker had been captured by a local charterer and an armed militia at the Sonara refinery in Cameroon

The club is still in the midst of looking into all the ramifications, said chief compliance officer Charles Cuccia

UK law offers scant protection against ‘abuse’ of lender-borrower relationship norms, claims owner fighting bulker arrest

Scrubber lobbying group the Clean Shipping Alliance has doubled down on its arguments against the European Commission, saying that it is ‘needlessly creating baseless concerns’ about the technology

Most countries agree that more studies on the contentious technology are needed, but some delegations have decried what they argue is ‘unfortunate’ timing

MIT researchers raise concern over scrubbers’ efficiency at removing particulates in review of previous studies 

Better communication through new technologies can help ports meet GHG targets, says IMO

Lim also warns regulators that there may be increased risk of HFO spills in the Arctic

A recent study undertaken in Japan has found that open-loop scrubbers had what was deemed no ‘unacceptable’ effect on the ocean or its organisms

This is the second incident reported in a Bangladeshi scrapyard in less than a year

Judgment on liability for explosion and fire points to shipper’s failure to warn of dangerous condition of cargo ahead of voyage

Hapag-Lloyd says significant headway has been made in recovering cargoes

The narrow stretch of water between the two countries has been the source of dispute for many years

No loss of life or ship from liquefaction reported in 2018, but the preceding decade saw more than 100 lives likely lost due to cargo failure

The 40m tonnes of iron ore pulled out by Vale would result in a 4.7% decline in iron ore tonne-miles and 1.3% drop in total dry bulk tonne-miles, JP Morgan analyst Noah Parquette said

The UN security council hears that piracy has become more sophisticated and threatens life on land

The reported attack on the landing craft happened about 135 nautical miles southwest of Brass

There are 26 crew of different nationalities onboard the vessel, with Eastern Pacific saying their safety is its paramount concern

Kidnapped crew members returned home after a month in captivity

A lethal form of piracy that threatens extreme violence against seafarers, rather than the seizure of ships, is becoming commonplace in the Gulf of Guinea

Thieves siphoning off about 150,000 barrels per day of gasoline from pipelines are costing national oil company Pemex more than $3bn a year in lost revenue, according to the government

As dangers increase, experts warn it will take a major incident before the ports sector takes steps to protect itself

‘There is a gap of understanding and a gap of skills,’ according to Royal Haskoning DHV director Kris Kosmala

Consent comes through just weeks before construction is due to start on the multi-million pound port project

Shippers in the northwest of the UK would prefer a local gateway if Asia services called at Liverpool

The acquisition is expected to be earnings accretive from the first full year of consolidation and is expected to meet DP World’s return targets

The new box terminal is designed to handle feeder ships and barges, especially those from the Yangtze River, which runs through one of China’s richest hinterlands

Scrubber lobbying group the Clean Shipping Alliance has doubled down on its arguments against the European Commission, saying that it is ‘needlessly creating baseless concerns’ about the technology

Most countries agree that more studies on the contentious technology are needed, but some delegations have decried what they argue is ‘unfortunate’ timing

MIT researchers raise concern over scrubbers’ efficiency at removing particulates in review of previous studies 

Better communication through new technologies can help ports meet GHG targets, says IMO

Lim also warns regulators that there may be increased risk of HFO spills in the Arctic

A recent study undertaken in Japan has found that open-loop scrubbers had what was deemed no ‘unacceptable’ effect on the ocean or its organisms

This is the second incident reported in a Bangladeshi scrapyard in less than a year

Judgment on liability for explosion and fire points to shipper’s failure to warn of dangerous condition of cargo ahead of voyage

Cost — above all — is what is driving how companies are making the decision upon which they pick a flag authority with whom to register their ship

Human Rights at Sea report argues that ship registries submitted to political pressure when delisting the rescue vessel

With a no-deal Brexit in sight, the UK faces having to exit from certain European Union maritime safety programmes

Oesterreichischer Lloyd executive joins Cyprus-based safety services and equipment group

The vessel will also be the biggest of its type to be used for LNG bunkering in Singapore port waters

Orders will help SHI to meet its 2019 order target set at $7.8bn as it expects strong demand for new LNG carriers

Yard group has also won $118m worth of orders for ballast water management systems and scrubber retrofits

Grupo R also has the right to purchase the rig during the five-year charter period, although the pre-agreed sale price was not disclosed

Unlike established ship types, the large LNG carriers have a fairly big potential for further depreciation with the maturing of building techniques and yard experience

Taiwanese carrier does not elaborate on the reasons for not exercising the option

As dangers increase, experts warn it will take a major incident before the ports sector takes steps to protect itself

Most countries agree that more studies on the contentious technology are needed, but some delegations have decried what they argue is ‘unfortunate’ timing

Better communication through new technologies can help ports meet GHG targets, says IMO

Japanese shipping giant is to integrate the management resources of each company to increase efficiencies and create value

Disposals should be seen in context of strategy to phase out older tonnage and repurchase stock ‘at a discount’

The US-listed company expects a sustained upturn as a result of low fleet growth and a projected higher demand for product tankers ahead of the switch to low-sulphur fuels in 2020

The lower cost of secondhand tonnage and rising demand means feedermax vessels could make a smart asset play

Germany-based Capital Liberty Invest picks up two feeder vessels formerly in the Kalkavan fleet and is looking for further growth

Despite some positive numbers for freight and charter rates during 2018, box shipping enters 2019 with little positive to look back on

The vessels that have been sold had drydocking and ballast water treatment systems due to be installed, resulting in savings for the company of $2m