News

Singaporean seafarers who were unable to secure shipboard employment between May and December 2020 due to COVID-19 related impact have received additional unemployment assistance. Since May 1, 2020, the Maritime and...

Greek shipping company Aegean Shipping Management recently entered into an agreement with Chinese shipbuilder COSCO Shipping Heavy Industry (Yangzhou) Co. to construct two 114,000 dwt tankers. On 30 September, George...

Ten Chinese ports will resume foreign crew change operations with certain requirements in place, taking into account the current COVID-19 situation. The 10 ports include Dalian, Tianjin, Qingdao, Shanghai, Ningbo,...

United European Car Carriers (UECC), a Norway-based provider of shortsea RoRo transportation, has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative. The UN Global Compact...

Danish shipowner Maersk expects to take a restructuring charge of around $ 100 million in the third quarter of 2020 related to the redundancies of around 2,000 employees. The redundancies are part of the internal...

Seven crew members deployed on MOL’s Capesize bulker Vega Dream have tested positive for COVID-19, the Japanese shipping company confirmed. The 2010-built vessel, manned by 20 crew members, arrived in Port Hedland,...

Germany’s bank KfW IPEX-Bank and Finnish ferry operator Finnlines, part of Italy’s Grimaldi Group, have signed a €40 million (around $47 million) loan agreement to finance a hybrid roll-on/roll-off (RoRo) vessel. “We...