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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HSH Nordbank's Shipping Loan Loss Provisions at USD 1 Bn

As the shipping market remained in very difficult conditions, the German-based provider of shipping finance HSH ...

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Fitch Predicts More M&A Activity, Defaults in 2017

Muted demand growth will exacerbate overcapacity for the shipping sector in 2017, putting pressure on freight rates ...

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ECSA: EU Should Push to Make CO2 Roadmap Work

European Community Shipowners’ Associations (ECSA) has invited the European policy makers and all ...

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Eimskip Buying Nor Lines to Expand Presence in Norway

In an effort to expand its presence in Norway, the Reykjavik-based shipping company Eimskip has reached an ...

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IMO Sets 2020 Date for 0.5% Global Sulphur Cap

The implementation date for the 0.5% global sulphur cap is set for 2020, the International Maritime Organization ...

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Milaha's Profit Drops amid Shipping Woes

Qatar-based marine transporter Qatar Navigation (Milaha) has seen its net profit drop by 20.8 percent for the nine ...

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Shipping's Operating Costs Fall for 4th Successive Year

Total annual operating costs in the shipping industry fell by an average of 2.4% in 2015, compared with the 0.8% ...

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Shipping Industry Seeks More Progress on Cutting Emissions

The global shipping industry has called on International Maritime Organization (IMO) Member States to give serious ...

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Nakilat to Move LNG Fleet Management from Shell to NSQL

Nakilat Shipping Qatar Limited (NSQL), a subsidiary of Nakilat, signed an agreement with Shell International ...

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