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

Torm chief executive Jacob Meldgaard estimates that about 12% of the product tanker fleet is tied up in floating storage

Record floating storage volumes have shielded the largest 2,800 tankers in the 3.2bn tonne per year shipment of crude and refined products from a devastating collapse in earnings and demand

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 agreement will start from the second half of the year, subject to approvals

Maersk and DFDS are among six Danish groups behind a project they hope will see green hydrogen and e-fuel deliver 250,000 tonnes of fuel annually by 2030

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

Survey shows massive disparity in senior management, but more diversity in mid-level roles  

Container lines’ swift capacity management during the pandemic has so far kept rates well above those achieved last year