A group of 85 institutional investors representing over $2 trillion in assets, joined forces calling on the United Nations to take further action to address the ongoing humanitarian crisis for seafarers brought on by the global restrictions enacted to control the coronavirus. In an open letter to th
Cyber-crime connected with fraudulent demands for payment continues to plague the maritime sector, according to the shipping insurer International Transport Intermediaries Club (ITIC). Cases of email-driven scams that result in six-figure losses have been reported previously, and ITIC says that it c
After months of trying and international support, Indian officials announced an agreement to permit one of the vessels caught off China to complete a crew change. Two Indian vessels stranded for months off the coast of China unable to unload shipments of coal they had transported from Australia beca
When it comes to shipowning nations, the likes of Greece, China, and the USA are the first countries that come to mind. Despite playing a major part in world trade, India's domestically-owned fleet has been small for some time now, with the state-owned Shipping Corporation of India (SCI) dominating
Norway awarded grants to support development projects both for a green ammonia tanker and two hydrogen ro-ro short sea vessels. Both projects aim to launch their vessels by 2024 as part of the effort to transition the shipping industry to zero-emission fuels.
The global shortage of shipping containers has become one of the most hotly discussed issues in the shipping industry as 2020 draws to a close. There have been reports that exporters have not been able to ship their goods while carriers have been struggling to get containers where they need them. On
After China, the U.S., the EU and Australia, the next country to be badly hit because of containers (either surplus or deficit) in the pandemic era is India. The reason: low imports and, obviously, China.
The Libyan National Army (LNA) controlled by Libyan warlord Khalifa Haftar seized a Turkish-owned cargo ship on what is being called a humanitarian mission breaking the fragile ceasefire agreed to less than two months ago and sparking a new international incident.
With attention focused on the potential of ammonia as the fuel source of the future for the shipping industry, Norway’s chemical and fertilizer company Yara announced plans for full-scale green ammonia project. Speaking at its investor seminar, the company said it would be possible by 2026 to
