- Fire Aboard USS Bonhomme Richard Continues into Second Day
- Container volume at major Chinese ports up 3.4% in early July
- Indian seafarers faced with double-edged sword, NRI status in jeopardy
- Use of Lloyd’s Open Form contracts ‘at historic low’: ISU
- Brave Tern arrives in Taiwan
- ABB supplies power system for De Beers’ diamond recovery vessel
- Singapore port container volumes down, bunker sales up in H1
- Greek shipowner ‘tonne millionaires’ increase to 75
- Panama Ship Registry grows 4.1% under new administration
- Video: Two Cargo Ships in Head-On Collision on Welland Canal
- Amphibious Assault Ship USS Bonhomme Richard Is On Fire At Naval Base San Diego
- Cargo ship aground, crew evacuated, South China sea
- Seafarers in crisis and the support from Maritime Charities
- Maersk sells giant containership for green recycling in Turkey
- The World’s Cruise Ships Can’t Sail. Now, What to Do With Them?
Maersk will increase rates
Maersk Line is announcing an increase in FAK rates (Freight All Kinds). Below are the FAK rates for a sample list of corridors, commodities and container types where the rate increase is effective.
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Shipping banks better prepared than in 2008Banks are better prepared than in 2008, to face the challenges that are looming post-coronavirus but that an increase in non-performing loans is an inevitable as a result of the pandemic, according to XRTC Business Consultants.
Shanghai Bestway’s second largest shareholder suspected of contract fraudShanghai Bestway Marine & Energy Technology announced that the company had received notice from Shanghai Public Security Bureau Songjiang Branch that the company’s second largest shareholder was suspected of being involved in contract fraud.
Klaveness Combination Carriers nets green financing for its two newbuildsOslo-listed Klaveness Combination Carriers ASA has secured a $60 million green loan for the financing of the seventh and eight CLEANBU vessels with delivery in 2021.
Bank lending to Greek shipowners remains steady at $53.1bnFallout from the Covid-19 pandemic has had a strong impact on banks and non-bank lenders to the shipping industry, and despite the ongoing upgrading of the Greek fleet lending to Greek shipowners remains pretty much steady.
Carnival Corp. posts $4.4 billion loss, starts selling ships to cut costsCarnival Corporation & plc., the world’s largest cruise company, suffered a multibillion-dollar loss in the quarter ended May 31, 2020, due to the suspension of cruise operations related to COVID-19.
- Philippine Coast Guard Takes Possession Of “Gabriela Silang”
- Carnival Cruise Line Names Newest Vista-Class Ship
- Simorgh drone joining Iran’s Navy