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Finnlines Reports Stable Result Despite Lower Volumes


Last year was profitable for Grimaldi's Finnlines despite a decline in cargo volumes.

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Ocean Yield Wins Arbitration Case against Okeanis


Ocean Yield wins arbitration case against Okeanis ECO Tankers.

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Witt O’Brien’s Acquires Crisis Communications Group Navigate

earth internet

Witt O’Brien’s acquires Navigate.

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ICS: Coronavirus Costing Shipping Industry USD 350 Mln a Week


Coronavirus outbreak is estimated to be costing the shipping industry USD 350 million a week.

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Getting to Zero Coalition Unveils 4 Focus Areas


The Getting to Zero Coalition identifies 4 focus areas to advance roadmap on shipping's decarbonization.

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Maersk Secures USD 5 Bn Loans to Reach Green Shipping Target


Maersk has secured a new sustainability-linked revolving credit facility of USD 5 billion.

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Costa Cruises' LNG-Fueled Flagship Named in Savona

Costa Smeralda

Costa Smeralda, a new LNG-powered flagship owned by Italian cruise line Costa Cruises, was named in Savona.

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Scrubber Fitting No Longer an Issue of If but of How Fast


An unprecedented surge of inquiries on how scrubbers can be fitted at short notice.

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IMO Moves Toward Arctic Heavy Fuel Oil Ban


IMO agreed on the draft amendments to MARPOL Annex I to ban the use and carriage of HFO.

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StealthGas Forms New JV to Boost Presence in MGC Segment


StealthGas is to form a new joint venture that would acquire three secondhand midsize gas carriers (MGCs). 

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Contship Italia's Operations Unaffected by Coronavirus

Citavecchia Italy

Contship Italia Group announced that its terminal operations are not affected by the rise in coronavirus cases in Italy.

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DNV GL Grants New Boxship Fire Safety Notation to MSC


DNV GL awards a new class notation to Mediterranean Shipping Company to mitigate fire risks on containerships.

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Euronav Sells One of Its Oldest Suezmaxes


Euronav NV has decided to dispose of one of its oldest Suezmax vessels, the 2003-built Finesse.

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Fincantieri, Marakeb Team Up on Unmanned Technology


Fincantieri, Marakeb start collaboration in the field of autonomous technology.

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GTT Acquires Icelandic Smart Shipping Solutions Provider

LNG carrier

GTT acquires 100% of the share capital of Marorka, an Iceland-based company specializing in smart shipping.

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Piraeus Bank, ORIX Corporation Team Up on Maritime Financing


Piraeus Bank, ORIX Corporation to provide financing solutions to the Greek maritime sector.

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TOP Ships' JV Offloads MR2 Pair

TOP Ships

TOP Ships' JV sells M/T Holmby Hills and M/T Palm Springs.

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Diamond Princess Crew Allowed to Return Home

Diamond Princess

Seventy crew members of Diamond Princess infected with the COVID-19 virus.

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Readers' Picks of the Week


Here are the most read stories of the previous week.

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Coronavirus Comes at the Worst Time for Shipping

The outbreak of the coronavirus comes at one of the worst time for the shipping industry.

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IMO Urges Unnecessary Delays to Ships Are Prevented


IMO urges member states to undertake measures to prevent unnecessary delays of ships.

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Diana Shipping’s 2nd Vessel Sale Falls Through


Both sales were announced back in December 2019.

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Hunter Nets USD 220 Mln Loan to Finance VLCC Newbuilds


Hunter Tankers AS secures USD 220 million loan facility.

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Clarkson Acquires Spanish Shiproker Martankers

LPG carrier

Clarksons has acquired 100% of the issued share capital of Spanish shipbroker Martankers.

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Maersk Posts Higher Earnings, Expects Weak Start of 2020

Maersk Edith

Maersk managed to improve earnings and free cash flow in 2019.

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Scorpio Tankers Reaps Fruit of Scrubber Project

Scorpio Tankers

Scorpio Tankers' scrubber fitted ships have been earning more money than those without scrubbers.

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GoodBulk Offloads Capesize Duo

GoodBulk bulker

Dry bulk vessel owner and operator GoodBulk sold two older Capesize vessels in January 2020.

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