In the context of the tax reform introduced by L. 4646/2019 to most areas of the Greek tax legislative framework, significant shipping taxation amendments have also entered into force as of January 1 2020. Under the new shipping tax law provisions, the Greek tax legislator has also expanded the tonnage tax regime to bareboat chartering …
Greece introduces amendments to the taxation of ships Read More »
The Tai Prize concerns a matter where the defendant head time charterer entered a voyage charter with the claimant voyage charterer for the carriage of heavy grains, soyabeans in bulk from Brazil to China. After the cargo was loaded onto the ship, the shipper presented a draft bill of lading to the master which under …
Despite iron ore movement staying resilient amid the global coronavirus pandemic, key Capesize freight rates to move iron ore from Brazil and Australia to China tumbled to multiyear lows on Wednesday. A noticeable drop in long haul voyages — which accounted for sizable tonnage volume — saw the freight to move 170,000 mt (plus/ minus …
Fewer long haul voyages force Capesize ship rates to multiyear lows Read More »
The 49646 deadweight tonne (dwt) MR tanker received the first delivery of Bio Fuel Oil during its recent call at the Port of Rotterdam. The fuel, which GoodFuels launched in 2018, reduces greenhouse gas emissions by 83% and substantially reduces SOX emissions. The trial was completed on the Stena Immortal as she ran in typical …
Stena Bulk and GoodFuels Successfully Complete Trial of Sustainable Marine Biofuel Read More »
JJ Del Rosario had a six-month contract to start work this week on a bulk carrier moving iron ore to China, but the career shipmate is stuck in the Philippines with no way to reach the ship. “I got a wife and three kids and haven’t paid this month’s rent,” said Mr. Del Rosario, whose …
Thousands of Seafarers Stranded by Pandemic Plead for Relief Read More »
Global transportation sectors continue to suffer the effects of the measures enforced by governments worldwide to minimize the spread of COVID-19. As and when the international shipping industry sails into the post-pandemic era, the optimization of vessel efficiency will play a crucial role in ensuring the commercial buoyancy of ship owning companies. Recovery will not …
Swedish Clean Tech Trio To Unite For Post-Pandemic Clean Tech Debate Read More »
This announcement is made by the board of directors (the “Board”) of Jinhui Shipping and Transportation Limited (the “Company”) for information only. The Board wishes to inform the shareholders of the Company (the “Shareholders”) and potential investors that, based on a preliminary assessment of the unaudited consolidated management accounts, the Company is expected to record …
Jinhui Shipping and Transportation Issues Profit Warning Read More »
LR has positioned a global team of remote survey champions to support the use of remote surveys within the marine and offshore industries. LR has offered remote survey capability for many years and in recent months, requests for remote services have increased as access to ships and assets in many parts of the world has …
LR unveils global team of remote survey champions Read More »
Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) is pleased to announce that the Company has sold the VLCC TI Hellas (2005 – 319,254 dwt) for USD 38.1 million. A capital gain on the sale of approximately USD 1.6 million will be recorded in the current quarter. The vessel will be delivered …
For the first time since 2013, a roll-on roll-off (ro-ro) vessel is scheduled to call at Port of Newcastle with a commercial cargo. The 200-metre Triton Ace – an impressive white and blue ‘floating car park’ capable of carrying up to 6500 cars – will stop in Newcastle this morning (Friday 8 May). The shipment …
New shipment signals new opportunities for the Hunter Read More »
