HSH Nordbank’s Shipping Loan Losses Reach USD 221 Mn

With persistent shipping woes, the German-based provider of shipping finance HSH Nordbank has seen its loan loss ...

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Clarksons: Greece Owns the World's Largest Fleet

With the latest turn of the tide, Greek owners have placed themselves at the top with 210.1 millon gross tons, ...

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US Pull-Out from Paris Accord Could Hinder Shipping Progress

Reacting to US President Donald Trump’s decision to withdraw the US from the Paris climate accord, the EU and ...

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ICS: Shipping Holds Firm to CO2 Reduction Despite US Stance

The decision of the President Trump on US withdrawal from the Paris Agreement will have no impact on the shipping ...

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Further OPEC Cuts to Influence Tanker Demand?

Extension of oil production cuts until March 2018 could affect tanker demand, either via lower crude and product ...

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INTTRA: Time for Ocean Shippers to Digitize is Now

Digitization is rapidly transforming the ocean container shipping industry, according to ocean shipping electronic ...

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Shipping Pools - Potential Traps for the Unwary

Pressured by difficult markets and periods of economic uncertainty, shipping companies often turn to pool ...

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HSH Nordbank's Shipping Provisions Reach USD 2.1 Bn

Germany’s shipping finance provider HSH Nordbank has reported high loan loss provisions as it set aside EUR 2 ...

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NordLB to Lend a Helping Hand to Bremer Landesbank

German shipping bank Norddeutsche Landesbank Girozentrale (NORD/LB) plans to provide financial relief to its ...

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EU Policy Makers Urged to Cut Pollution from Shipping

Environmental experts are ringing the alarm bell and calling upon European policy makers to urgently adopt policies ...

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ECSA: Shipping Remains a Solid Contributor to EU

The shipping industry’s total employment contribution has increased to 2.1 million people while the total GDP ...

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Shipping Vulnerable to Regional Action on Cutting CO2

Unless the International Maritime Organization (IMO) makes significant progress as part of its CO2 reduction ...

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Bunker Fuel Prices Affect Matson's Earnings

US-based container carrier Matson reported a net income of USD 19.4 million in the fourth quarter of 2016, down ...

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ECSA: No Room for Shipping in EU Emission Trading Scheme

Following the proposal to revise the European Emission Trading Scheme (ETS) Directive, the European Community ...

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Environmental Performance to Be in Focus of Modern Shipping

Environmental performance will remain one of the “failure-is-not-an-option missions” in modern shipping ...

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Volumes Improve in Far East-Europe, Transpacific Lanes

Container volumes on the headhaul Far East-Europe and Far East-North America tradelanes recorded a mild recovery in ...

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US DOJ Slaps Polluters with Over USD 363Mn in Fines in 2016

The US Department of Justice’s Environment and Natural Resources Division imposed criminal penalties to the amount ...

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Maritime & Merchant Bank Open for Business

Maritime & Merchant Bank ASA (M&M), a niche bank for the shipping and offshore sector, opened its doors for ...

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Shipping Sees Lack of Heat in 2016

The shipping industry has experienced a particular blast of cold air during 2016, with few sectors escaping the ...

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ICS Lambastes Calls to Include Shipping into EU ETS

The International Chamber of Shipping (ICS) says that a unilateral decision by the European Union to incorporate ...

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EU MEPs Make Waves with Call to Include Shipping into ETS

The European Parliament’s Environment Committee has called for the inclusion of maritime transport into the EU ...

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