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Tuesday, September 17, 2024
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Shipping Procedures Into Ukraine Still Not Ready, Lloyd’s Official Says

Key arrangements including procedures for ships still need to be worked out before empty vessels can come in and pick up cargoes from Ukraine...
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Ship insurers seek more assurances on Ukraine grain corridor

Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international...
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G7 Weighs Russia Oil-Price Cap Via Insurance and Shipping Ban

Group of Seven nations are discussing a cap on the price of Russian oil that would work by imposing restrictions on insurance and shipping,...
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Insurer Must Pay Spanish Claim in Prestige Oil Spill, EU Court Says

Spain on Monday won backing from Europe’s top court in its mutli-million euros damage claim against The London Steam-Ship Owners Mutual Insurance Association for...
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Sovcomflot Fleet Fully Covered By Russian Insurers

Russia’s state-run Sovcomflot has insured all its cargo ships with Russian insurers and the cover meets international rules, the chief executive said, after Western...
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Moscow says it can bypass EU ban on insuring maritime oil deliveries to 3rd countries

Russia expects to get around the EU ban on insuring and financing seaborne deliveries of Russian oil to third countries by using state guarantees,...
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UK Club financial position ‘strong’; ‘well placed to deal with future challenges’

The UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, announced its financial results for the...
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Ship insurance claims to rise as Black Sea remains high risk area – Allianz

Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea...
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London Marine Insurers Designates All Russian Waters as ‘High Risk’

London’s marine insurance market on Monday added all of Russia’s waters to its list of areas deemed high risk, an advisory showed, which is...
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North P&I and Standard Club announce merger plan

North P&I and Standard Club have entered formal discussions for a proposed merger to create a new global marine insurer and one of the...
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Pelagic Partners launches new Pelagic Capital venture

Shipowner and shipping fund manager, Pelagic Partners, announced the launch of Pelagic Capital, a new venture designed to assist Pelagic Partners to build a...

Globus Maritime reports financial results for the second quarter

Globus Maritime, a dry bulk shipping company, today reported its unaudited consolidated financial results for the second quarter and six-month period ended June 30,...

Pyxis announces full redemption of series a convertible preferred stock

Pyxis Tankers, an international shipping company, announced key shareholder and chartering updates. On September 6, 2024, the Company’s Board of Directors approved the redemption of...

TEN reports profits for the second quarter and first half 2024

50% increased dividend from amount paid for 2023 operations Dynamic growth and renewal - 21 vessels contracted/acquired within 2024 Minimum contracted revenues of $2.0 billion TST inaugurates...

HMM plans to invest KRW $17.4 Billion to sustainable growth

HMM maps out a mid-to-long-term strategy to expand its business portfolio for future growth and drive itself to be a global green shipping and...

One year of Celestyal Journey

Celestyal Journey has notched up one year with Celestyal, travelling 66,100 nautical miles in...

Titanic builder Harland & Wolff to enter administration amid debt woes

RMS Titanic shipbuilder Harland & Wolff announced on Monday that it will enter administration...

Burning oil tanker is safely towed away from Yemen after rebel attacks

UBAI, United Arab Emirates (AP) — Salvagers successfully towed a Greek-flagged oil tanker ablaze...

Trelleborg partners with Arkas Holding for advanced fleet modernization initiative

Trelleborg supplied its TSX5 shaft power meters, to be integrated into the Arkas fleet...

Orient Shipping announces bulker addition to fleet

Orient Shipping announced it has taken over mv HB Golden Eagle as part of...

US East Coast Ports Union meets over wage demand, preps for possible strike

The International Longshoremen’s Association union, representing 45,000 workers at major container ports from Texas to Maine, will begin two days of meetings on Wednesday...

Singapore permits night movement of containers at Pasir Panjang Terminal

Singapore will allow for night movement of line-towed container barges to and from Pasir Panjang Terminal, following a four-month trial, the Maritime and Port...

DP World enters retail and fashion logistics

DP World has completed the acquisition of Cargo Services Far East Ltd – a global supply chain provider headquartered in Hong Kong. Cargo Services is...

APSEZ acquires 80% stake in global OSV operator Astro Offshore for USD 185 Mn

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to acquire 80% stake...

Indian Port Workers Call Off Strike, Agree New Wage Deal

Nearly 20,000 workers across major Indian ports, who had threatened to go on an indefinite strike from Wednesday, called off their walkout late on...

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