Thursday, April 1, 2021
Russian FPSO MARSHAL VASILEVSKIY Transiting the Suez Canal
Accidents

Marine Reinsurance Firms Expect Giant Suez Blockage Claims

by Carolyn Cohn (Reuters) – The recent blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers,...

April 1, 2021
Total Views: 2878

Friday, March 26, 2021
Satellite image of Ever Given Aground
Accidents

UPDATED: Suez Canal Steps Up Efforts Refloat Grounded Ever Given

By Nadine Awadalla, Jessica Jaganathan, Roslan Khasawneh and Julia Payne Dredging and tugging salvage efforts aimed at freeing a mega vessel stuck in the Suez Canal failed on Friday to...

March 26, 2021
Total Views: 28149

Wednesday, March 17, 2021
Environment

Japanese Banks Sign The Poseidon Principles

By Jonathan Saul (Reuters) – Leading Japanese lenders have joined an initiative that links the provision of shipping finance to cuts in carbon dioxide emissions as the sector accelerates efforts...

March 17, 2021
Total Views: 1361

Friday, October 16, 2020
baltic dry index
Finance

Baltic Index Falls Due To Weak Capesize Demand

The Baltic Index (BDIY), which provides a benchmark for the price of moving the major raw materials by sea, fell for a seventh straight session yesterday and is down almost five...

October 16, 2020
Total Views: 40

Wednesday, August 19, 2020
Soeren Skou, CEO Maersk
Finance

Maersk Forecasts A Return To Pre-COVID Container Demand In 2021

by Jacob Gronholt-Pedersen (Reuters) – Shipping group Maersk on Wednesday issued full-year earnings guidance above its forecast at the beginning of the year and said it expects demand for moving...

August 19, 2020
Total Views: 23

Monday, August 17, 2020
Ocean Princess Tanker
Finance

Ocean Tankers Seeks To Reclaim $19 Million From Lim Family

by Jessica Jaganathan (Reuters) – The court-appointed manager of Singapore Ocean Tankers is seeking to reclaim about $19 million from the Lim family directors of the firm, who allegedly transferred the...

August 17, 2020
Total Views: 33

Sunday, October 13, 2019
bluetech-summit-sea-ahead-nyc
Finance

DeSiloing The Maritime Industry – Notes From The Global Bluetech Summit

Last week SeaAhead’s Global Bluetech Summit in New York City brought together high-level stakeholders from around the world to discuss and support innovation at sea. The summit was unique because it...

October 13, 2019
Total Views: 17

Friday, August 2, 2019
cape sampagita
Finance

Japan’s K-Line Convicted Of Cartel Conduct By Australian Court

by Niyati Shetty (Reuters) Japanese shipping firm Kawasaki Kisen Kaisha Ltd (K-Line) was convicted of criminal cartel conduct and ordered to pay a A$34.5 million ($23.50 million) fine by a...

August 2, 2019
Total Views: 18

Tuesday, September 5, 2017
Cruise Ship Window In Rain
Finance

Cruise Stocks Sink Ahead Of Irma

By Christopher Palmeri (Bloomberg) Carnival, Royal Caribbean, and Norwegian Cruise Line all tumbled in Tuesday trading as Hurricane Irma threatened to do to the hub of the cruise industry what...

September 5, 2017
Total Views: 2

Friday, June 16, 2017
frontline tanker
Finance

Fredriksen Expects Rise In Storage Of Oil On Tankers

by Ole Petter Skonnord (Reuters) Tanker firm Frontline, controlled by billionaire investor John Fredriksen, expects a growing number of supertankers to be used for storing crude in anticipation of higher...

June 16, 2017
Total Views: 2

Friday, May 5, 2017
dry bulk carrier ship shipping
Finance

Baltic index slips on weaker panamax, smaller vessel rates

  By Karen Rodrigues – May 5 (Reuters) The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Friday, as gains in capesize rates...

May 5, 2017
Total Views: 0

Monday, August 29, 2016
Finance

Sewol Ferry Fallout Puts Jeopdae In Jeopardy

by Jiyeun Lee (Bloomberg) Extravagant dinners with whiskey and wine, golfing weekends, pricey beef and seafood gift sets. South Korean companies are trying to figure out how to do without...

August 29, 2016
Total Views: 3

Monday, August 22, 2016
A wooden plaque is seen on a wall at The Baltic Exchange in the City of London
Finance

Baltic Exchange Board Backs Takeover Bid

by Aradhana Aravindan (Reuters) The Baltic Exchange board has unanimously backed a takeover bid from Singapore Exchange Ltd, a deal that will give SGX access to a trading platform for...

August 22, 2016
Total Views: 13