Talks of a premium on freight for shipping dry bulk cargo into China is gaining ground after ships were held up for months at the anchorage of Chinese ports waiting to berth due to a trade spat with Australia. The wait to discharge cargo, some stretching as much as seven months after Chinese customs delayed …
Industry mulls premium on freight rates into China Read More »
Crew changes are once more becoming difficult as much of the world locks down again following the emergence of several new and more transmissible variants of Covid-19, warns crew specialist Danica. With travel corridors being closed and new travel restrictions imposed, airlines are once again cancelling or reducing flights which poses a problem for crew …
More crew change complications emerge as virus mutates Read More »
35 Danish suppliers in the international maritime industry will be exhibiting at the Virtual Pavilion of Denmark that runs alongside SMM DIGITAL 2021 from 2 February. The Danish suppliers bring technology, know-how and digital solutions that support the industry in the transition towards greener and safer shipping. The world-leading international marine event SMM is purely …
In June 2020, the State Department sanctioned the Islamic Republic of Iran Shipping Lines (IRISL) pursuant to Executive Order 13382 (WMD Proliferators and Their Supporters). At that time, we underscored the fact that IRISL is the preferred shipping line for Iranian proliferators and procurement agents. We have warned industry that those who do business with …
CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on a $56 million senior secured financing on behalf of Seamax Container Shipping II LLC. The loan is secured by four containerships operated by Seamax Shipping, an existing CIT client. Seamax currently operates a fleet of 12 modern …
CIT Serves as Sole Lead Arranger of $56 Million Financing for Container Ships Read More »
Frank Coles, Chief Executive Officer of the Wallem Group, has resigned and will be leaving the Wallem Group shortly, the company’s board confirmed. “As many will be aware Frank has been very active in highlighting the plight of seafarers during the Covid-19 pandemic and now wishes to become more involved in promoting their welfare, as …
Costa Toscana, an LNG powered, 185,000 GT cruise ship being built for Carnival’s Italian brand Costa Cruises, was floated out to the outfitting pier at Finland’s Meyer Turku shipyard on 15 January 2021. During the float-out ceremony, Costa Toscana officially touched the sea for the first time, with the flooding of the basin where she has been …
Costa Cruises’ 2nd LNG-powered cruise ship floated out in Finland Read More »
Weekly exports of liquefied natural gas (LNG) from the United States have dropped for the second week running. Courtesy of Cheniere The U.S. Energy Information Administration noted that during the week between January 7 and January 13, a total of 16 vessels departed the United States LNG export facilities. The 16 vessels had a combined …
El ministro anuncia la consulta pública al anteproyecto de Ley de Pesca Sostenible e Investigación Pesquera, una norma que conjuga la necesaria protección medioambiental con la imprescindible sostenibilidad económica y social Forma parte de un paquete legislativo que renovará toda la norma pesquera española, aportará mayor seguridad jurídica y asegurará la continuidad futura del sector …
Russian Shipbuilding Complex Zvezda has cut steel for the third MR-type product carrier operating on LNG as marine fuel ordered by the compatriot shipping major Sovcomflot in 2019. Image by Rosneft The 1B-ice class tanker will have a deadweight of about 50,000 tonnes, length of over 180 meters, width of over 32 meters and a …
Zvezda cuts steel for 3rd LNG-powered MR product carrier Read More »
