Container freight rates soar on consumer goods boom, supply chain kinks
Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe, container scarcity at export hubs,...
Shipping
Cyprus ship management sees stable revenue, profit, but high concentration
Cyprus’s ship management saw stable revenue in the first half of 2020, but there is concern about high levels of concentration. About 25 per cent...
Greek shipping accounts for more than half the EU fleet – Lloyds List
Overall, 13.1 per cent of all tonnage – meaning the volume or cargo volume of a ship.– calling in ports around the world last year...
Container shipping booms on US demand, but decline expected
Surging shipments into the United States are fueling record high freight costs and logjams at seaports, but transportation executives say the rally will lose steam...
Major insurer chooses Cyprus for its European business
Steamship Mutual, one of the most important Protection and Indemnity insurers globally, has chosen Cyprus for the base of its European business, with an office...
Cyprus shipping sees recovery, but crew-change crisis worsens – Shipping Chamber
“Cyprus shipping is seeing a slow but steady recovery, and better freight rates,” says Thomas Kazakos, Director General of the Cyprus Shipping Chamber told the...
Cyprus port operator DP World sees below-average traffic decline
Across the global portfolio of DP World container terminals, container volumes fell by 7.9 percent in the April to June quarter and 3.9 percent in...
Nigeria convicts pirates to stem Gulf of Guinea attacks
A Nigerian court made the first convictions under a new anti-piracy law, giving hope to the world’s shipping fleets that legal reforms will help stem...
Beirut Port still hosts dangerous chemicals — Lloyds List
At least 20 containers believed to contain dangerous materials have been identified at the Beirut container port, according to chemical experts. Some are said to...
Cyprus shipping needs support, says Deputy Minister for Shipping Demitriades
The shipping sector needs support as it carries most of the world’s trade, trade, Deputy Minister for Shipping Vasilis Demitriades said on Monday. Many Cypriot...
Shipowners seek fair recovery plan
“The European Community Shipowners’ Associations (ECSA) finds it is essential that a well-balanced recovery package is agreed upon, in order to ensure a sustainable recovery...
Cyprus shipping struggles to survive crew-change crisis
Since the coronavirus crisis began, as many as 1 in 6 of the 1 million crew on 60,000 cargo ships at sea have been marooned. Large numbers have been stuck on ships,...
LNG producers get glimmer of hope amid wreckage of oversupply, coronavirus
There are some tentative signs that demand and spot prices for liquefied natural gas (LNG) are starting to recover in the top-consuming Asian region, but...
Cruise ships return to Danube with strict safety rules on board
River cruises are making a quiet comeback on the Danube after the COVID-19 pandemic brought global tourism to a standstill and forced companies to suspend...
EU regulators again halt probe into Hyundai, Daewoo shipbuilding tie-up
EU antitrust regulators have again halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries’ (267250.KS) $1.8 billion merger with Daewoo (042660.KS), a...
US turns screws on maritime industry to cut off Venezuela’s oil
Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States...
Shipping Summit calls for urgent action for stranded seafarers
A coalition of 15 countries on Thursday called for action to facilitate the immediate safe resumption of seafarer crew changes globally. At least 200,000 seafarers...
Thousands of stranded seafarers seek to go home
Crews of merchant ships and cruise vessels are stranded aboard ship, with no way to either travel home or even go ashore at the closest...
Shipper MSC joins coal plants and Ryanair in top 10 list of EU polluters
The Mediterranean Shipping Company (MSC) overtook Ryanair in the top 10 rankings of Europe’s biggest carbon dioxide emitters in 2019, a list that is still dominated by...
EU begins crackdown on shipping emissions
The European Parliament’s environment committee (ENVI) is to decide this week on measures to reduce shipping’s environmental impact. Members of the parliament on Tuesday will...
