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Two cargo ships pushed on embankment, one capsized, Tuzla

Two cargo ships pushed on embankment, one capsized, TuzlaGeneral cargo ship CLAVIGO dragged anchor and drifted onshore at Tuzla, Turkey, Marmara sea, at night Feb 27, in adverse weather.

Yamal LNG Ships 30 Million Tons of LNG

Yamal LNG Ships 30 Million Tons of LNGYamal LNG, a joint venture LNG project in Sabetta, Russia, has shipped its thirty millionth ton of LNG since the commencement of the project.

Liners, Terminal Operators to Become Shareholders of Global Shipping Business Network

Liners, Terminal Operators to Become Shareholders of Global Shipping Business NetworkNine ocean carriers and terminal operators have signed a shareholders’ agreement indicating their intention to become shareholders of the proposed Global Shipping Business Network (GSBN).

IMO 2020 Entering New Phase with Carriage Ban

IMO 2020 Entering New Phase with Carriage BanA tweak to new environmental rules for the shipping industry is just days from taking effect, closing off a loophole for would-be cheats looking to cut their fuel bills.

105 Sailings from Asia to North America and Europe Blanked in February

105 Sailings from Asia to North America and Europe Blanked in FebruaryOcean carriers canceled about 105 sailings on the routes from Asia to the North America and Europe/Mediterranean regions alone in February 2020, according to the data from the UK-based consultancy Drewry.

Maersk Secures Sustainability-Linked $5 Billion Credit Facility

Maersk Secures Sustainability-Linked $5 Billion Credit FacilityMaersk says it has secured a $5 billion revolving credit facility that will be tied to its environmental performance.

Finnlines Reports Stable Result Despite Lower Volumes

Finnlines Reports Stable Result Despite Lower VolumesLast year was profitable for Grimaldi’s RoRo and passenger company Finnlines despite a decline in cargo volumes.

Pacific Basin Eyes Further Second-Hand Acquisitions, Staying Clear of Newbuilds

Pacific Basin Eyes Further Second-Hand Acquisitions, Staying Clear of NewbuildsHong Kong-based dry bulk shipping company Pacific Basin is keen on enlarging its fleet, but is staying clear from ordering newbuilds keeping a focus on smaller second-hand bulkers.

Evergreen Line Rolls Out Digital Booking Platform

Evergreen Line Rolls Out Digital Booking PlatformTaiwanese shipping company Evergreen Marine Corporation has launched GreenX, an integrated container logistics solution platform.

MSC Cruises: Our Ship Was Turned Away Based on Fears, not Facts

MSC Cruises: Our Ship Was Turned Away Based on Fears, not FactsAfter MSC Meraviglia was denied port access Jamaica and Cayman Islands earlier this week, MSC Cruises, owner and operator of the vessel, said the ship was effectively turned away simply based on fears, not facts.

Ocean Yield Wins Arbitration Case against Okeanis

Ocean Yield Wins Arbitration Case against OkeanisOslo-listed Ocean Yield has won an arbitration case related to the purchase options of four very large crude carriers (VLCCs) exercised by Greek shipping company Okeanis ECO Tankers.

NYK Cruises Cancels Cruises in March amid Coronavirus Outbreak

NYK Cruises Cancels Cruises in March amid Coronavirus OutbreakNYK Cruises, an NYK Group company, said it would cancel all cruises on Asuka II scheduled to sail in March in response to the coronavirus outbreak.

Witt O’Brien’s Acquires Crisis Communications Group Navigate

Witt O’Brien’s Acquires Crisis Communications Group NavigateWitt O’Brien’s, LLC, a subsidiary of SEACOR Holdings, has acquired the maritime crisis and corporate communications agencies Navigate PR, Navigate Response, Navigate Response Asia Pte and Helix Media Pte, together known as Navigate.

Flex LNG Enjoys ‘Best-Ever’ Financial Results

Flex LNG Enjoys ‘Best-Ever’ Financial ResultsBermuda-based LNG carrier owner Flex LNG announced its best-ever financial results with a net income of around USD 24 million for the fourth quarter of 2019.

Shipping and offshore wind ‘can reinforce each other’ to reach Green Deal targets

Shipping and offshore wind ‘can reinforce each other’ to reach Green Deal targetsWind energy trade body WindEurope has called for the shipping and energy sectors to work together to ensure the ambitious targets established in the European Green deal are met.

ICS: Coronavirus Costing Shipping Industry USD 350 Mln a Week

ICS: Coronavirus Costing Shipping Industry USD 350 Mln a WeekThe impact of the outbreak of the coronavirus is estimated to be costing the shipping industry USD 350 million a week in lost revenues, according to the International Chamber of Shipping (ICS).

Russian-state oil trader added to US OFAC list

Russian-state oil trader added to US OFAC listThe Swiss-based crude oil trading arm of Russia-backed Rosneft has been added to the US OFAC sanction list. US companies and citizens have until 20 May 2020 to unwind contracts

Cruise Ship Denied Entry to Jamaica, Cayman Islands amid Coronavirus Fears

Cruise Ship Denied Entry to Jamaica, Cayman Islands amid Coronavirus FearsA cruise ship with over 4,500 passengers on board and over 1,600 crew members has been denied port access to Jamaica and Cayman Islands amid coronavirus precaution measures.

Genco to Sell 10 Handysize Bulkers

Genco to Sell 10 Handysize BulkersU.S. headquartered drybulk shipowner Genco Shipping & Trading Limited is planning to sell ten Handysize vessels as part of its fleet renewal scheme.

Getting to Zero Coalition Unveils 4 Focus Areas to Support Shipping’s Decarbonization

Getting to Zero Coalition Unveils 4 Focus Areas to Support Shipping’s DecarbonizationThe Getting to Zero Coalition has identified four focus areas to advance roadmap on shipping’s decarbonization.

Costa Cruises’ LNG-Fueled Flagship Named in Savona

Costa Cruises’ LNG-Fueled Flagship Named in SavonaCosta Smeralda, a new LNG-powered flagship owned by Italian cruise line Costa Cruises, was named in Savona, Italy, on February 22.

Captain Murdered on Tanker Off Venezuela

Captain Murdered on Tanker Off VenezuelaArmed assailants murdered the captain of an oil tanker after boarding his ship while it was anchored off the coast of eastern Venezuela, according to a local union leader and a report from a Venezuelan port authority.

DNV GL Grants MSC New Boxship Fire Safety Notation

DNV GL Grants MSC New Boxship Fire Safety NotationClassification society DNV GL has awarded a new class notation to Swiss shipping major Mediterranean Shipping Company (MSC) to mitigate fire risks on containerships.

Alphaliner: Cargo Volumes at Chinese Ports to Drop by 6 Mln TEU due to Coronavirus Impact

Alphaliner: Cargo Volumes at Chinese Ports to Drop by 6 Mln TEU due to Coronavirus ImpactThe extended Chinese Lunar New Year holidays and ad hoc measures aimed at curbing the spread of the coronavirus are expected to reduce cargo volumes at Chinese ports, by over 6 million TEU, according to Alphaliner’s estimates.

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