Shipowners, Seafarers Meeting On Revised Minimum Wage Deadlock

Shipowners, Seafarers Meeting On Revised Minimum Wage Deadlock

The world’s seafarers on Wednesday decided to shut down negotiations over the future of seafarers’ minimum wages with national shipowners represented by the International Chamber of Shipping. The seafarers’ unions said they would prefer to tackle the shipping companies ‘head-on’...
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Firm Welcomes First LNG Tanker

Firm Welcomes First LNG Tanker

Greek shipowner Latsco has received Hellas Diana from South Korea’s Hyundai Samho Heavy Industries (HSHI), as the first LNG carrier in the fleet.  The 173,400 cubic metres LNG tanker Hellas Diana set sail on 1 April from Hyundai Samho Heavy In...
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Two Tankers Run Aground In Suez Canal

Two Tankers Run Aground In Suez Canal

Two tankers ran aground in the Suez Canal this morning, GAC Egypt informed. One is reported to have been successfully refloated while work is continuing to refloat the second.   “As per information received, a 107,505 DWT ballast oil tanker ship...
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Last Group Of Stranded Ships To Cross Suez Canal

Last Group Of Stranded Ships To Cross Suez Canal

The last group of ships, stranded due to the grounding of the massive container ship Ever Given in the Suez Canal, were scheduled to  cross the waterway on Saturday.  In a statement, Chairman of the Suez Canal Authority (SCA), Osama Rabie,...
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Egypt Seeks $1b Compensation For Suez Blockage

Egypt Seeks $1b Compensation For Suez Blockage

Egypt will ask for over $1 billion in compensation for damages caused by the grounding of Evergreen and the resulting blockage of the Suez Canal last week, Reuters reports citing Suez Canal Authority (SCA) Chairman Osama Rabie as saying to local...
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Cosco Starts Conversion Work On Large Crude Carrier Into FPSO

Cosco Starts Conversion Work On Large Crude Carrier Into FPSO

Chinese shipyard Cosco Shipping Heavy has started working on a conversion of a very large crude carrier (VLCC) into floating production storage and offloading (FPSO) vessel for the Woodside-operated Sangomar project located offshore Senegal. Woodside informed ...
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Japan’s Ports Waive Fees For LNG, Hydrogen-Powered Ships

Japan’s Ports Waive Fees For LNG, Hydrogen-Powered Ships

The Tokyo Port is waiving port entry fees for LNG-powered and hydrogen-powered vessels as a way of encouraging greater uptake of these fuels in the maritime sector. The waiver is set to enter into force on April 1 running for...
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All-Women Crew Tanker Makes History

All-Women Crew Tanker Makes History

Union Minister Mansukh Mandaviya flagged off the vessel from JNPT Liquid Berth Jetty in a virtual ceremony held on Saturday, March 6, 2021. “SCI has been a pioneer in employing women seafarers onboard its vessels and has implemented various initiat...
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Ports & Cargo Terminal Targets 300,000 TEUs In 2021

Ports & Cargo Terminal Targets 300,000 TEUs In 2021

Ports & Cargo Handling Services, a subsidiary of SIFAX Group, is targeting 300,000 Twenty-foot Equivalent Units (TEUs) cargo capacity for 2021.  Managing Director, Ports & Cargo Handling Services, Mr John Jenkins, disclosed this in a statement on ...
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Despite COVID-19, Maersk Attains $39.7b Revenue In 2020

Despite COVID-19, Maersk Attains $39.7b Revenue In 2020

A.P. Moller – Maersk, the world’s largest container carrier, has ended 2020 on a strong note despite the impact of COVID-19.  The company’s underlying earnings before interest, tax, depreciation and amortisation (EBITDA) grew 44 pct. to $8.2bn and r...
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Maersk Tankers Signs Sea Cargo Charter

Maersk Tankers Signs Sea Cargo Charter

Maersk Tankers has become a signatory of the Sea Cargo Charter, a global framework that establishes a common baseline for global traders to report on CO2 emission reductions of their shipping activities. The Sea Cargo Charter is consistent with the...
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Grimaldi Welcomes 3rd Hybrid RO-RO Vessel

Grimaldi Welcomes 3rd Hybrid RO-RO Vessel

Eco Livorno, the third of twelve hybrid vessels of the Grimaldi Green 5th Generation (GG5G) class, has been delivered to the Grimaldi Group by the Chinese Jinling shipyard located in Nanjing.  The Eco Livorno, which flies the Italian f...
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Firm Budgets $565m For 12 Ships

Firm Budgets $565m For 12 Ships

Taiwanese container shipping company Wan Hai Lines has ordered twelve 3,013 TEU container vessels worth a total of $565 million. The containerships will be built by Japanese shipbuilder Japan Marine United Corporation’s Nihon Shipyard, Wan Hai Lines sai...
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Maritime Stakeholders Sign Declaration To End Crew Change Crisis

Maritime Stakeholders Sign Declaration To End Crew Change Crisis

Over 300 maritime industry and human rights leaders have signed a new global pledge urging for industry accountability and finally ending the deepening crew change crisis.  The signatories of the Neptune Declaration on Seafarer Wellbeing and Cre...
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