Greeks remain world’s largest shipowners with fleet worth $99.6bn
Led by Greek owners, the global fleet continued to grow in 2017, albeit at a slower rate than for most of the last decade. Though life remains challenging for those…
IMO sets January 1, 2020 deadline for 0.50% Sulfur cap
Secretary General of IMO, Kitack Lim. There is no going back on the implementation of the percent global limit of the sulfur content of ships’ fuel oil, which will come…
Largest Conventional Geared Bulker in Canada Now Operates for CSL
Earlier this year, Montreal-based shipping company Canada Steamship Lines CSL, welcome to its fleet MV Ferbec, a conventional geared bulk carrier equipped with four cranes and grabs, which is now…
EC approves 10-year Maltese Tonnage Tax Scheme
The European Commission has conditionally approved under European Union State aid rules the Maltese tonnage tax scheme for a period of 10 years. The scheme will ensure a level playing…
World’s Largest LNG-Fuelled Ship about to Enter Market
South Korean shipbuilder Hyundai Heavy Industries (HHI) is about to close the year with a bang, as it gears up for the delivery of the world’s largest LNG-fuelled ship. Namely,…
10 Bulker Crew Members Feared Kidnapped off Nigeria
Ten crew members of a bulk carrier are reported missing following a pirate attack that took place around 32 nautical miles south of Brass, Nigeria. The unnamed bulker was boarded…
Fitch Ratings Predicts Gloomy Outlook for Global Shipping in 2018
The outlook for the global shipping industry remains negative, according to Fitch Ratings, as the rating agency doesn’t expect a material improvement in market fundamentals in 2018 due to lingering…
Strategic Alliance: Total to Supply LNG for CMA CGM’s New Boxship Giants
French carrier CMA CGM has signed an agreement with oil and gas major Total for the supply of liquefied natural gas (LNG) to fuel the company’s recently ordered 22,000 TEU…
Dangote’s $300m Congo Cement Plant to provide over 1,000 direct jobs
Chairman/CEO of the Dangote Group, Alhaji Aliko Dangote The Dangote Group, a diversified indigenous corporation Thursday commissioned its newest cement plant in Mfila, Congo, which is expected to provide in…
US Coast Guard Investigates Death aboard Chemical Tanker
The United States Coast Guard has launched an investigation into the circumstances surrounding the death on board the tanker Argent Sunrise, moored off the coast of Richmond, California the local…
