The U.S.-China Phase One trade deal is not dead, but it is on life support. The two superpowers’ deteriorating relations in the wake of a Chinese security law covering Hong Kong has implications for container, tanker, dry bulk and gas shipping demand, as well as shipping stocks. President Donald Trump alleged in a speech on Friday that China “ripped off the United States like no one has ever done before,” and “got away with theft” of hundreds of billions of dollars a year; that China “raided our factories, offshored our ...

AXSMarine, a pioneer and market leader in the provision of advanced solutions for shipping professionals, has recently added several enhancements to its Alphatanker chartering and market analysis platform. Alphatanker employs multiple layers of commercial and technical data with refined AIS coverage to provide 24/7 market coverage. AXSMarine has implemented one of its key modules AXSReader. AXSReader flawlessly scans, normalizes, and organizes complex shipping data. This tool retrieves the data from a company mailbox, without the need to open a single email. It captures only the relevant info, filters spam and ...

On 28 January 2020 M/V “URANUS II” with IMO 9057214 (flag Sierra Leone) was detained in Romania. The refusal of access to Paris MoU ports has been cancelled on 27 May 2020. Source: Paris MOU

The American Maritime Partnership, the voice of the domestic maritime industry, joins military and defense leaders, Administration officials, bipartisan members of Congress from every state, and 650,000 men and women that work across the domestic maritime industry in celebrating and commemorating the importance of the American maritime industry on the centennial of the U.S. Merchant Marine Act. Over the last 100 years, the men and women of American maritime have always answered the call to duty, providing vital services and manpower in times of crisis. To celebrate the 100-year anniversary ...

In order to facilitate crew changes in Singapore, tripartite partners The Maritime & Port Authority (MPA), The Singapore Shipping Association (SSA) and The Singapore Maritime Officers’ Union (SMOU), in cooperation with the International Maritime Employers’ Council Ltd (IMEC) and The World Shipping Council (WSC) have formed the Singapore Crew Change Working Group (SGCCWG). In-line with the latest MPA circular, available on the right, the SGCCWG has developed the COVID-19 Singapore Crew Change Guidebook which will provide guidance to the shipping community on how to effect crew change in Singapore during ...

As part of its strategy to facilitate growing trade demands within the Gulf region, Abu Dhabi Ports today announced the establishment of a new feeder services company, “SAFEEN FEEDERS”. With long- term growth trends of regional manufacturing and trade volumes, SAFEEN FEEDERS will serve the Group’s mainliner shipping clients and support the region through increased connectivity and optimised shipping costs within and beyond the region. SAFEEN FEEDERS will introduce a new feeder service linking Abu Dhabi to ports serving the UAE, the broader Gulf region and Indian Sub-Continent. The service ...

Castor Maritime Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced its results for the three months ended March 31, 2020. Earnings Highlights of the Three Months Ended March 31, 2020: Revenues, net: $2.7 million for the three months ended March 31, 2020, as compared to $0.9 million for the three months ended March 31, 2019, respectively; Net (loss)/income: Net loss of $259,868 for the three months ended March 31, 2020, as compared to net income of $55,969 for the three months ended March 31, ...

After the quiet start to the week the big ships finally came alive. The improved rates in the physical has clearly got the bulls very excited. Subsequently paper rallied significantly from the open and was firm until the close. Atlantic cargoes are the driving force behind the move and bunker rates jumped which added fuel to the fire but with the larger picture still looking negative it remains to be seen how long this positivity will last. Panamax It was a relatively active days trading on panamax paper which despite ...

The Covid-19 crisis has painfully demonstrated the heterogeneous landscape that currently exists across ports worldwide. With the world’s attention now focused on exiting from lockdowns and preparing for a ‘new normal’, there is an urgent need to co-operate and accelerate the pace of digitalisation, according to a number of leading maritime associations, including BIMCO. While some port communities seized the opportunities of the fourth industrial revolution and developed into full-fledged ‘smart’ ports, many others have barely grasped the essentials of digitalisation. The latter continue to struggle with larger reliance on ...

Our Chairman and CEO participated in the UN Global Compact online conference and announced new steps to define the shipping and logistics of tomorrow. He also recalled his commitment for a more balanced globalization. On 2 June, Rodolphe Saadé was a key speaker at the UN Global Compact. Other speakers participated including Deputy UN Secretary-General Amina Mohammed, Prime Minister of Norway Erna Solberg, UN Secretary-General’s Special Envoy for the Ocean Peter Thomson, the Secretary General of the International Maritime Organization Kitack Lim, and Director General of WWF International Marco Lambertini. ...

Nautilus Labs, the technology firm advancing the efficiency of ocean commerce through artificial intelligence, and OCEANKING, the leading marine engineering and commercial group serving the Greek and International maritime community—today announced their partnership to jointly expand access to Nautilus Platform in the Greek and Cypriot market to support ship owners and operators as they elevate their focus on operational excellence. Nautilus serves the global maritime industry by building decision support software that surfaces smart alerts and actionable insights that maximize voyage profitability and vessel yield. “Given our deep commitment to ...

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs continued to increase on June, 02: 380 HSFO – USD/MT – 265.74 (+6.18) VLSFO – USD/MT – 309.00 (+8.00) MGO – USD/MT – 380.27 (+6.03) Meantime, world oil indexes also demonstrated upward changes on June, 02 as OPEC and key ally Russia moved a conference call to discuss future output cuts to Thursday, June 4, from an original June 9 schedule. Brent for August settlement increased by $1.25 ...

Korean Register (KR) has signed a five-year agreement with German ship management company Held, to provide ISO 9001 Certification, ISM Company Audit (DOC), ISM Ship Audits (SMC) and ISPS and MLC compliance services for the company’s fleet of more than 30 vessels. Held Shipping classed its first vessel the “Maria Francisca” IMO 9235361 with KR in 2018. Since then the trusted business relationship between the two companies has grown, with five more vessels being transferred to KR since then – “ABB Bentje” IMO 9283954, “BBC Newcastle” IMO 9484209, “BBC Nagasaki” ...

Ferry shipping company Stena Line continues to reduce CO2 emissions and is now ten years ahead of the international shipping targets for reducing emissions. In the newly published sustainability overview “A Sustainable Journey” Stena Line reports a reduction of both total CO2 emissions and per transported ton onboard the ferries. New, larger and more energy efficient vessels, AI assisted captains and an increased punctuality are some important measures. Despite a tough situation for the ferry industry due to COVID-19 ferry shipping company Stena Line continues its sustainable journey. In the ...

LUKOIL’s NAVIGO MCL Ultra remains one of few low BN cylinder oils that still have a valid ‘No Objection Letter (NOL)’ with all major OEMs. Recently a leading OEM withdrew their approvals for almost all low BN oils in the market, while NAVIGO MCL Ultra has retained its status, and continues to be fully approved by all other major OEMs. LUKOIL’s NAVIGO MCL Ultra is a 20 BN cylinder oil developed specifically for vessels operating in Emission Control Areas (ECA). “To comply with emission regulations, ships in ECAs run on ...