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

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

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

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

‘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

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

‘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

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

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

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

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

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

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

‘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

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

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

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

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

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

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

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

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?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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?

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

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

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

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

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

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

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

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?

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

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

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

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

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

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

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

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?

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

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

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

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

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

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

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

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

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

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