EU says Britain has ‘seriously damaged trust’ with planned law
Britain would be committing “an extremely serious violation” of its agreement on withdrawal from the EU if it went ahead with proposed legislation, the European Commission said. The UK’s legislative…
China preparing economy to shut down US as centre of global demand
China will likely become the world’s largest economy in a few years and it is preparing itself for major shifts in international trade. In a world rocked by the coronavirus…
Shipping magnate O.K. Lim faces $3.5b suit over alleged fraud
Lim Singaporean shipping and petroleum magnate Lim faces criminal charges over alleged financial improprieties at his trading house, Hin Leong Trading. Now, he and his family must also contend with…
WTO issues new report on how COVID-19-related restrictions on cross-border mobility affect global trade
A new information note published by the WTO Secretariat highlights how trade in goods and services has been affected by temporary border closures and travel restrictions linked to the COVID-19…
U.S. strips oil tankers of flags for breaching sanctions to secretly ship Iranian oil
Four oil tankers have been stripped of their flags following an NBC News investigation into allegations they secretly transported Iranian oil in defiance of crippling sanctions imposed by President Donald…
$66m Cocaine intercepted in banana containers at Rotterdam Port
Drug smuggling booms at the Port of Rotterdam as 743kilogrammes of cocaine was found hidden in a container of bananas. A joint investigation team at the Port of Rotterdam intercepted…
IMO 4th GHG Study projects 50% rise in emissions by 2050
The International Maritime Organisation IMO released the long-awaited 575-page final report for its Fourth IMO Greenhouse Gas Study. Coming six years after the third report, the results are viewed as…
CODIV-19: Ship orderbook shrinks to 17- year low
The total orderbook for dry bulk, container and tanker ships has reached its lowest point in 17 years as Covid-19 has massively slowed contracting (-50per cent) while deliveries of new…
IMO Greenhouse Gas Study: Shipping emissions are projected to increase by 50% until 2050, relative to 2018
The greenhouse gas emissions of shipping have increased from 977 million tonnes in 2012 to 1,076 million tonnes in 2018 ( cent increase). The carbon intensity of shipping has improved…
Latest seafarers’ happiness index report reveals seafarer welfare crisis at tipping point
The latest Seafarers Happiness Index, published today by The Mission to Seafarers, has revealed the ongoing impact of COVID-19 on the welfare of international seafarers and their families. The report…
