Moody’s downgrades its outlook for shipping
The ratings agency Moody's has downgraded its forecast for the deep-sea shipping industry this year, and it now expects that earnings will contract by as much as 18 percent compared…
Shipping sector prioritises five solutions for decarbonisation
Shell together with Deloitte Netherlands and Deloitte UK today published joint research outlining industry perspectives on decarbonising the shipping sector. The “Decarbonising Shipping: All Hands on Deck” report sets out…
Warren Buffett’s Berkshire buys Dominion Energy natural gas assets in $10 billion deal
Warren Buffett The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10…
Chinese officials investigate COVID-19 during crew change on MSC ship
Officials in Hong Kong and Mainland China are investing a cluster of COVID-19 cases aboard the Mediterranean Shipping Company (MSC) container ship MSC Flavia. The situation is especially problematic as…
Nine kidnapped by Nigerian pirates from BW Offshore FPSO
Nine personnel have been kidnapped by pirates from the BW Offshore FPSO Sendje Berge off Nigeria. BW Offshore said the FPSO Sendje Berge was attacked at around 04-20hrs (local time)…
Nearly 4,000 seafarers still stranded on board ships, await repatriation
While over 18,000 seafarers stranded at ports around the world have returned to India, an estimated 4,000, on board merchant vessels across the globe, are still at sea. With Indian…
Why IMF projects 5.4% contraction of Nigeria’s GDP in 2020
The International Monetary Fund IMF has said that Nigeria’s Gross Domestic Product GDP would experience a more serious contraction of per cent as against the former per cent earlier projected…
IMO hails seafarers over contributions to global supply chain
Ahead of tomorrow’s celebration of the 2020 edition of the annual Seafarers Day, which is the 10th in the series with the theme: "Seafarers are Key Workers: Essential to Shipping,…
Some shoppers shun foreign goods over virus risk, research claims
The coronavirus crisis has altered consumer behavior, with panic buying, stockpiling and e-commerce becoming the norm this year as people around the world learned to live under lockdown. While lockdown…
Rotterdam hosts world’s largest container ship
The world’s largest containership, the 23,964 TEU HMM Algeciras, sailed into the Port of Rotterdam on June 3, making its first call at Europe’s largest port. The colossal ship, loaded…
