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Latest From Finance

The Interview: Dagfinn Lunde

A four-decades career in banking and shipping has given Dagfinn Lunde a vast understanding of the industry’s financial needs. Here he talks about the difficulty shipowners currently face in raising finance, which has given rise to his new project, eShipfinance.com
International Greece

Navios completes sale and leaseback deal

Company will have no credit facility maturities for seven years after using the funds to refinance bank debts

International Navios Group

The future of the OSV market rests on consolidation

The decisions of owners in controlling the supply side of the equation will also be important and more scrapping is needed in addition to curtailing newbuildings to bring the market back into balance

International Consolidation

MOL acquires stake in Reliance’s VLECs

Reliance did not disclose the value of the deal but said that the transaction was subject to regulatory approvals

International India

BW Group takes dominant stake in Epic Gas

BW grows stake to 82.58% but Epic shareholders refrain from granting complete takeover

BW firms Finance

Golar LNG secures funding for two projects

Among key names in lending syndicates are Singapore's Clifford Capital and China's CSSC Leasing, where yard players linked to the lenders have won the conversion jobs
Asia Pacific Tankers and Gas
See All

Latest From Insurance

Marine insurance will feel pain before things get better, IUMI president says

‘There can be optimism about the future, because the industry that emerges out of the other side of this process should be in better health,’ according to Mr Turner

International London

Tougher action urged on misdeclaration of cargoes

The prospect of a major incident happening in port close to a population or commercial centre was brought up as a possible disaster scenario that would quickly change perceptions

Asia Pacific Casualty

Thomas Miller German affiliate makes fixed premium P&I insurance Brexit-proof

‘Hanseatic have rearranged security structure with effect from April 1. This was part of integration process with Thomas Miller and aligning the two businesses together,’ says Miller spokesman

EU Germany

Swedish Club in the red after poor investment returns

The free fall in equity markets in December last year led to the booking of a negative investment return of 1.6% come year end

Europe Sweden

Ariel Re poaches Martin from Tokio Millennium

Mr Martin has spent more than three decades in marine insurance, most recently at Tokio Millennium Re, where for the last seven years he served in the roles of senior marine and energy underwriter and then head of UK underwriting

Europe United Kingdom

Natural disasters continue to generate marine insurance losses

Hurricane Florence and Typhoons Mangkhut and Jebi were singled out as resulting in major marine claims last year, while Hurricanes Harvey, Irma and Maria made it onto the list of the top 10 marine losses of the last decade

International Containers
See All

Latest From Law

The Lloyd's List Podcast: Sanctions, safety reports and talent

Listen to the latest edition of Lloyd’s List’s weekly podcast — your weekly briefing on the stories shaping shipping in the week ahead

International Lloyd's List The Shipping Podcast

D’Amico fined $4m for US pollution violations

The Italian tanker company admitted to US authorities that crew discharged bilge water and oily waste and then lied about it

United States Regulation

Stephenson Harwood appoints two new shipping partners

Tom Adams based in London and Stuart Burrell is based in Seoul

Europe United Kingdom

CMA CGM Libra ruling raises bar on seaworthiness, WFW argues

‘Shipowners will have to ensure that, through agents and servants, due diligence is exercised to produce a non-defective passage plan that clearly contains all necessary warnings,’ law firm contends

International Containers

US targets PDVSA-linked ships and oil companies with more sanction efforts

Cuba is a major importer of crude oil from Venezuela and sends political advisers, intelligence and military officials to that country

South America Law

Djibouti ordered to pay DP World $385m in compensation

Djibouti will also be forced to pay interest and legal fees in addition to damages as a result of the ruling

Middle East and Africa Djibouti
See All

Latest From Regulation

Elba Island LNG to begin service within weeks

The facility will have 2.5m tonnes per annum of LNG production capacity once complete

North America United States

Traders seen building VLSFO stocks ahead of bunker fuel switch

The VLCC Jubilee Star, floating off Tanjung Pelapas, Malaysia, has been used for this purpose since April

Bunkers Asia Pacific

What should Kitack Lim tell the Extinction Rebellion kids?

Even the IMO secretary-general has acknowledged that the shipping industry’s greenhouse gas reduction strategy needs to be more ambitious

International Environment

The Interview: Dagfinn Lunde

A four-decades career in banking and shipping has given Dagfinn Lunde a vast understanding of the industry’s financial needs. Here he talks about the difficulty shipowners currently face in raising finance, which has given rise to his new project, eShipfinance.com
International Greece

The Lloyd's List Podcast: Sanctions, safety reports and talent

Listen to the latest edition of Lloyd’s List’s weekly podcast — your weekly briefing on the stories shaping shipping in the week ahead

International Lloyd's List The Shipping Podcast

Viewpoint: Recycling realities

The secretary-general of BIMCO is right to suggest that the European Union’s policies on recycling are akin to protectionism

International EU
See All

Latest From Casualty

From the Newsdesk: It's more complicated than we thought

BIMCO secretary-general Angus Frew has blasted the European Union’s policies on ship recycling, digital disruption will hit seafarers hard... what will the future look like?

International Containers

Pirates attack tanker in Nigerian waters

The ship was at anchor after being arrested in January 2018 by Nigerian authorities, who claimed it had been engaged in illicit oil trading

Nigeria Tankers and Gas

Viewpoint: Clearing up the mess

Salvors face enormous safety concerns in the aftermath of fires on containerships as they rummage in a fearsome cocktail of hazardous debris and they raise serious questions for the industry as boxes are packed ever tighter, goods are misdeclared and architects design vessels with increased teu capacity

Towage and Salvage Casualty

Crew arson does not invalidate recognised defence, court says

Case follows 2015 engine room fire on Freeport Holdings-owned tanker Lady M, probably started by chief engineer suffering from extreme emotional stress or mental illness

International United Kingdom

Viking Sky engine blackout was due to low oil pressure

Owners Viking Ocean Cruises have already inspected sister ships after the two-year old cruise ship narrowly avoided disaster over the weekend as 1,300 passengers caught in a storm with no power

Norway Casualty

Fire-damaged cargo out of Yantian Express, says Hapag-Lloyd

The 7,510 teu boxship has been at Freeport, Bahamas since early February following a fire onboard in early January
North America Hapag Lloyd
See All

Latest From Piracy and Security

Maritime cyber-crime under the spotlight

Criminals are beginning to focus on shipping, and specifically ports, as their centralised systems provide fraudsters with a wealth of target information

International Containers

Pirates attack tanker in Nigerian waters

The ship was at anchor after being arrested in January 2018 by Nigerian authorities, who claimed it had been engaged in illicit oil trading

Nigeria Tankers and Gas

Cyber-security is only one of several threats facing shipping

Shipping chief executives will be irresponsible if they push cyber-security to strengthened IT teams. Leaders in this sector are bringing in specialist skills to raise the level of familiarity with risk and lift the level of protection

International Piracy and Security

Reported piracy and sea robbery lowest in Asia since 2007

No crew abductions reported during the first quarter in Asia but anti-piracy body maintains its advisory to avoid high-risk areas in the Sulu-Celebes Seas and waters of Eastern Sabah

Asia Pacific Piracy and Security

Gulf of Guinea piracy threat persists

Piracy declines globally but Gulf of Guinea accounts for more than 50% of incidents

Nigeria Piracy and Security

Modern-day seafaring — piracy, pawns and political detention

Piracy aside, crew can often end up hostage to coastal states making claims on their vessels

Piracy and Security Law
See All

Latest From Ports and Logistics

Fortescue takes production hit due to cyclone

The miner expects to ship 165m to 170m tonnes of iron ore in the full-year

Dry Bulk Asia Pacific

Matson invests $1bn in Honolulu terminal upgrade

Matson said the new cranes were equipped with fibre-optic cabling, enabling faster and more accurate communication of data in its container tracking system

Asia Pacific US States

LA port commissioners take a recess from voting on automation

The mayor’s request for a recess was approved unanimously by the commissioners, but the vote was met with catcalls and jeers from a number of the 2,000 or so spectators at the meeting

US States APM Terminals

New Malaysia rail link gives options for shippers

Current volumes are low however and market penetration will ultimately depend on end-to-end supply chain costs, analysts warn

Asia Pacific Containers

Hutchison upgrades Felixstowe cranes

New remote-controlled electric powered cranes will allow port to cope better with peaks in demand

Europe United Kingdom

Race to the wire in Vancouver

GCT’s legal move comes at a crucial moment as the Canadian parliament is considering national legislation that would amend current laws governing environmental reviews

Canada Containers
See All

Latest From Environment

Traders seen building VLSFO stocks ahead of bunker fuel switch

The VLCC Jubilee Star, floating off Tanjung Pelapas, Malaysia, has been used for this purpose since April

Bunkers Asia Pacific

From the Newsdesk: It's more complicated than we thought

BIMCO secretary-general Angus Frew has blasted the European Union’s policies on ship recycling, digital disruption will hit seafarers hard... what will the future look like?

International Containers

What should Kitack Lim tell the Extinction Rebellion kids?

Even the IMO secretary-general has acknowledged that the shipping industry’s greenhouse gas reduction strategy needs to be more ambitious

International Environment

Viewpoint: Recycling realities

The secretary-general of BIMCO is right to suggest that the European Union’s policies on recycling are akin to protectionism

International EU

D’Amico fined $4m for US pollution violations

The Italian tanker company admitted to US authorities that crew discharged bilge water and oily waste and then lied about it

United States Regulation

Denmark turns to drones for sulphur compliance

The Danish Maritime Authority says the drone will patrol the area north of the Great Belt

EU Denmark
See All

Latest From Safety

The Lloyd's List Podcast: Sanctions, safety reports and talent

Listen to the latest edition of Lloyd’s List’s weekly podcast — your weekly briefing on the stories shaping shipping in the week ahead

International Lloyd's List The Shipping Podcast

Cyber-security is only one of several threats facing shipping

Shipping chief executives will be irresponsible if they push cyber-security to strengthened IT teams. Leaders in this sector are bringing in specialist skills to raise the level of familiarity with risk and lift the level of protection

International Piracy and Security

Viewpoint: Too clever by half

The sales hype around AI in the shipping industry overlooks complaints from pilots about systems that have a mind of their own and, being digitally interlinked, cause alarm when they decide to intervene when they should not be doing so

Safety Ship operations

Plane sailing

Most conferences are a combination of speakers and networking. If the speakers can be heard online, where does that leave networking and the carbon footprint it leaves behind?

International Digital Disruption

Gulf of Guinea piracy threat persists

Piracy declines globally but Gulf of Guinea accounts for more than 50% of incidents

Nigeria Piracy and Security

Viewpoint: Clearing up the mess

Salvors face enormous safety concerns in the aftermath of fires on containerships as they rummage in a fearsome cocktail of hazardous debris and they raise serious questions for the industry as boxes are packed ever tighter, goods are misdeclared and architects design vessels with increased teu capacity

Towage and Salvage Casualty
See All

Latest From Shipbuilding

Golar LNG secures funding for two projects

Among key names in lending syndicates are Singapore's Clifford Capital and China's CSSC Leasing, where yard players linked to the lenders have won the conversion jobs
Asia Pacific Tankers and Gas

European shipbuilders on digitalisation drive

A number of European shipbuilders have pledged to work together to develop a new connected vessel platform called Code Kilo

Shipbuilding Technology and Innovation

Tristar orders six tankers from Hyundai Heavy

The 25,000 dwt oil and chemical tankers will be chartered by Shell and delivered between 2020 and 2021

Asia Pacific Middle East and Africa

HHI wins another LNG carrier order from Capital Gas

Shipbuilder expects to receive more LNG carrier newbuilding orders this year amid tightening environmental rules

Asia Pacific Tankers and Gas

ICTSI in talks with banks to take over Hanjin’s Philippines yard

The ports operator has wide experience in less-developed regions and acknowledges that road infrastructure at the shipyard facility is relatively underdeveloped for a port

Asia Pacific Ports and Logistics

Yang Ming charters four more 11,000 teu boxships

Yang Ming has extended its order for 11,000 teu newbuildings in line with the company plan to gradually replace some of its high-cost, older ships

Asia Pacific Taiwan
See All

Latest From Technology and Innovation

From the Newsdesk: It's more complicated than we thought

BIMCO secretary-general Angus Frew has blasted the European Union’s policies on ship recycling, digital disruption will hit seafarers hard... what will the future look like?

International Containers

Maritime cyber-crime under the spotlight

Criminals are beginning to focus on shipping, and specifically ports, as their centralised systems provide fraudsters with a wealth of target information

International Containers

Zim joins Maersk's blockchain platform

Israel-based line becomes third carrier to sign up for Maersk/IBM distributed ledger programme

Europe Middle East and Africa

European shipbuilders on digitalisation drive

A number of European shipbuilders have pledged to work together to develop a new connected vessel platform called Code Kilo

Shipbuilding Technology and Innovation

Carriers seek digital standards to boost services

The Digital Container Shipping Association will provide a blueprint for developers to create new services and products to a common standard

International Maersk Group

Box lines launch Digital Container Shipping Association

Container line standards body formed after finally receiving regulatory clearance from the FMC that will allow it to provide a common language for developers

International Hapag Lloyd
See All

Latest From Sale and Purchase

Navios completes sale and leaseback deal

Company will have no credit facility maturities for seven years after using the funds to refinance bank debts

International Navios Group

Zeaborn could sell multipurpose vessels to UK fund

Both companies decline to comment, but industry sources say a sale-and-leaseback deal is under discussion

Europe Germany

Capesizes scrape off the bottom

Market participants anticipate a recovery in the second half of the year

International Dry Bulk

Scorpio Bulkers engages in sale and leaseback deal with Ocean Yield

Scorpio Bulkers will bareboat charter the vessels for 11 years with purchase options after the fourth year

Dry Bulk Sale and Purchase

Congressman pushing for energy exports to be carried on US ships

Bill calls for a minimum 1% of US crude and 2% of LNG exports to be carried on local vessels in five years

North America United States

Norden sells four bulkers

According to VesselsValue, the bulkers were sold for $38.5m in total, and the transactions included two panamaxes to unknown Chinese buyers for $14.5m
Dry Bulk Sale and Purchase
See All
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