Gross domestic product is shrinking in all regions around the world, with China suffering its worst contraction in 28 years, which is severely impacting global trade. Lloyd's List Intelligence data shows idle capacity in the containership fleet is at an elevated level

Kexim chief executive says the bank will do its upmost to help the country’s shipbuilders overcome the current crisis and ‘further solidify their global market position’

Capital Product Partners has now paid down more of the 2017 credit facility that is being partially refinanced, reducing the repayment amount from about $134.9m to $116.5m

‘The severity and fluidity of the situation makes it challenging to anticipate the timing and shape of a recovery,’ says chief executive Constantin Baack

For the 2020 full fiscal year the company reported a $118.8m net profit, and adjusted net income of $130m, in stark contrast to a loss-making 2019 fiscal year

Singapore’s Pacific International Lines is looking at a potential rescue by a subsidiary of sovereign wealth fund Temasek, but decisions going forward may not be straightforward

AMSA now expects the shipowner and its insurer to take full responsibility for coping with the impact of the incident

‘It’s just one of those things. It shows the volatility of P&I, really’ — chief executive Paul Jennings

Standard Club’s advice remains for the procedure to be performed only when it is a mandatory requirement according to port regulations, or in cases of emergency

The owner of the LPG carrier, Globalgas, which claims to be bankrupt, says it has not been charged with any US sanctions violations

‘Our technical result shows the clear need to bring premium levels into line with risk,’ according to Skuld chief executive Ståle Hansen

Marine mutual well positioned to help members through coronavirus crisis, says chief executive Tom Bowsher

Despite US threats to prevent the shipments, the voyages were unimpeded, with a Venezuelan naval escort for each tanker as it entered the country’s territorial waters

Despite backing the earlier ruling, the majority decision says ‘we do not opine on the ultimate issue of any alleged health or safety impact of OBOT’s proposed plan’

Singapore’s judicial management system has so far achieved limited success in reviving and rehabilitating distressed companies 

Ocean Tankers is the shipping unit of troubled oil trader Hin Leong

The recovery operation cost $17m in total, which will be funded from levies collected from the shipping industry if not reclaimed, according to the Australian Maritime Safety Authority

The move will come as a blow to RINA, which certified the ro-ro and had earlier contested a claim filed in Genoa, arguing that that it should have immunity from jurisdiction as it was acting on behalf of the flag state Panama

EU’s Monitoring, Reporting and Verification data offers an extensive picture of emissions in Europe. But that picture can keep changing and still has questionable data that could be the foundation for big decisions

Lloyd’s List reported this week that while six leading Danish companies are working on a zero-emissions marine fuel, two-thirds of shipowners do not even have a decarbonisation plan yet. This situation is sending mixed messages to the public

The mercurial, ambiguous and inconsistent application of Ofac sanctions on Iran and Venezuela is a deliberate tactic to keep international shipping on its toes

The virtual meeting will be organised as an engaging and interactive online event, uniting the advantages of digital technologies and the free-flowing exchange of ideas characteristic of Global Maritime Forum events. The possibility of organising smaller regional meetings is also being explored

Retrofitting existing technologies would be a cost-effective way of reducing shipping’s carbon footprint, a Danish report suggests. The pandemic has pushed sustainable fuels further into the future

The US has issued global industry guidance that details best practices to detect deceptive shipping. It means the international maritime industry will remain in the crosshairs of sanctions enforcement no matter who wins the US presidential election in November. On the podcast to dissect the implications are Lloyd’s List editor Richard Meade, markets editor Michelle Wiese Bockmann and our resident tiger at the throat of the insurance industry — David Osler.

AMSA now expects the shipowner and its insurer to take full responsibility for coping with the impact of the incident

Meanwhile, falling water levels in the Paraná River have left a bulker high and dry, with Cofco1 grounding with a draft of 9.4 m on May 27

The ship docked at the Port of Brisbane on Wednesday. Australian authorities will investigate its compliance with safety and environment rules

‘It’s just one of those things. It shows the volatility of P&I, really’ — chief executive Paul Jennings

The vessel is now heading for Brisbane, while the Australian Maritime Safety Authority is searching the area for containers and debris

The owner of the LPG carrier, Globalgas, which claims to be bankrupt, says it has not been charged with any US sanctions violations

The attack took place about 75 nautical miles off Yemen’s coast in the westbound transit corridor of the Gulf of Aden IRTC

A global solution to the issue of crew changes during the coronavirus crisis has been endorsed by the International Maritime Organization, which may offer a pathway to freeing seafarers trapped by lockdowns and travel restrictions

Kidnap-and-ransom attacks off West Africa, less disruptive to cargo trade than Somali hijackings, have failed to prompt the same international response.

Nearly 50 crew have been abducted in the region so far, as Dryad Global warns of an uptick in kidnap for ransom cases in the Gulf of Guinea

The second half of 2019 saw record-setting drug busts on vessels operated by major carriers

Vemahope is reported to have been attacked by attacked by a gang on a speedboat about 90 nautical miles southwest of the Bonga Terminal in Nigeria

Gross domestic product is shrinking in all regions around the world, with China suffering its worst contraction in 28 years, which is severely impacting global trade. Lloyd's List Intelligence data shows idle capacity in the containership fleet is at an elevated level

EU’s Monitoring, Reporting and Verification data offers an extensive picture of emissions in Europe. But that picture can keep changing and still has questionable data that could be the foundation for big decisions

AMSA now expects the shipowner and its insurer to take full responsibility for coping with the impact of the incident

The Mason Mega Rail project will deliver the largest on-dock intermodal rail facility for a port authority in North America, according to Georgia Ports Authority officials

Dubai-owned DP World plans to link together all 82 of its terminal facilities, as well as feeder companies and logistics divisions, with TradeLens

Despite backing the earlier ruling, the majority decision says ‘we do not opine on the ultimate issue of any alleged health or safety impact of OBOT’s proposed plan’

EU’s Monitoring, Reporting and Verification data offers an extensive picture of emissions in Europe. But that picture can keep changing and still has questionable data that could be the foundation for big decisions

Debating shipping’s decarbonisation pathways on this week’s podcast: Peter Boyd from Yale University, Matthieu de Tugny from Bureau Veritas, Tristan Smith from University College London’s Energy Institute and Adrian Tolson from Blue Insight

Star Bulk expects to make additional revenue of $24m in the remaining seven months of 2020

Lloyd’s List reported this week that while six leading Danish companies are working on a zero-emissions marine fuel, two-thirds of shipowners do not even have a decarbonisation plan yet. This situation is sending mixed messages to the public

Most shipowners see hydrogen and ammonia as the favorite fuels of the future. Relatively better prices may be a part of that thinking

The company is sticking to its 2030 and 2050 decarbonisation targets and continues to explore zero emissions fuels

AMSA now expects the shipowner and its insurer to take full responsibility for coping with the impact of the incident

It means a lot to us that we stand alongside the US to overcome the pandemic, says CMA CGM chief Rodolphe Saadé

The shipowners group said it would present the guidance to United Nations bodies on Thursday

The Safety Score follows two years of consultation across the industry. It aims to offer as much information as possible as a basis for charters, not just a star rating over which owners had no control

The vessel is now heading for Brisbane, while the Australian Maritime Safety Authority is searching the area for containers and debris

ICS, ITF and ITUC have asked UN secretary-general António Guterres to intervene as time is running out for seafarers

Kexim chief executive says the bank will do its upmost to help the country’s shipbuilders overcome the current crisis and ‘further solidify their global market position’

The orders have won Norwegian energy major Equinor backing with a five-year time charter, Lloyd’s List earlier revealed

The Shanghai-listed dry bulker and tanker owner arm has agreed a contract for four 62,000 dwt multipurpose ships with Jinling Shipyard at $29.6m each, with delivery scheduled for 2022

The alignment of green case credentials was enough to tempt Eastern Pacific away from its usual spot focus

Neda has incorporated improved cargo handling features and cargo flexibility into the vessel specification

The 10-year loans are signed against 12-year bareboat charters for the vessels, which will be delivered in 2021  

Debating shipping’s decarbonisation pathways on this week’s podcast: Peter Boyd from Yale University, Matthieu de Tugny from Bureau Veritas, Tristan Smith from University College London’s Energy Institute and Adrian Tolson from Blue Insight

Star Bulk expects to make additional revenue of $24m in the remaining seven months of 2020

Lloyd’s List reported this week that while six leading Danish companies are working on a zero-emissions marine fuel, two-thirds of shipowners do not even have a decarbonisation plan yet. This situation is sending mixed messages to the public

Dubai-owned DP World plans to link together all 82 of its terminal facilities, as well as feeder companies and logistics divisions, with TradeLens

Most shipowners see hydrogen and ammonia as the favorite fuels of the future. Relatively better prices may be a part of that thinking

The company is sticking to its 2030 and 2050 decarbonisation targets and continues to explore zero emissions fuels

The liquefied natural gas sector ‘faces a market trough until 2023/24’ according to Norway-based investment bank Cleaves Securities

The transaction will result in a net cash gain of $27m and an equity gain of $13m, which will be reported in the second quarter of the year results

TOP Ships has agreed a price of $18m for the scrubber-fitted vessels, to be paid in installments, but it intends to finance them prior to delivery in 2021

The company is more confident about an improving market and would like to keep its vessels in the spot market

Besides sales being harder to conclude, the coronavirus is also making operations more complicated, with crew changes the most concerning, chief executive Paolo d’Amico tells Lloyd’s List

The transaction, which closed in March, leaves the company with ‘no significant debt maturities’ until 2023