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Lloyd’s Register and DYNAMARINe join forces to strengthen safety and assurance in ship-to-ship transfer operations

LONDON: Lloyd’s Register (LR) has entered into a strategic collaboration with DYNAMARINe to deliver an independent auditing scheme for ship-to-ship (STS) service providers.  Under the...

Statement from INTERCARGO on the Extraordinary Meeting of MEPC

LONDON: The International Association of Dry Cargo Shipowners (INTERCARGO) released Statement on the Extraordinary Meeting of MEPC. Dr Kostas Gkonis, Secretary General of INTERCARGO said: “Following...

New study reveals Korean and Chinese financiers and major European banks could be most exposed to climate risks in shipping

LONDON: A substantial portion of ship financing is tied to fossil fuel carriers that face risks of stranding in the global shift to a...

PSA Mumbai welcomes Largest Container Ship call with arrival of MSC MICOL

MUMBAI: In a landmark achievement, PSA Mumbai successfully handled the MSC MICOL, the largest container vessel ever to call at PSA Mumbai and the...

IMO net-zero shipping talks to resume in 2026

LONDON: IMO’s Marine Environment Protection Committee votes to adjourn discussions on the Net-Zero Framework for one year. The International Maritime Organization (IMO) has agreed to...

CMA CGM announces revised freight rates from Mediterranean to India & Pakistan effective November 1

MARSEILLE : French container shipping major CMA CGM, the world’s third-largest liner operator, has announced a revision in freight rates for shipments moving from...

US fails to block world’s first global carbon price, but adoption delayed

LONDON: The IMO agreed to delay the planned adoption of the Net-Zero Framework for one year in a vote this Friday due to delay tactics and...

Adoption of the IMO NZF delayed. Regional, national and corporate actors action urged to fill the gap: UCL

LONDON: A scheduled Extraordinary Session of the IMO’s Marine Environment Protection Committee has ended without adopting the policy measures agreed upon in principle in...

Baltic Index logs weekly gain as All Vessel Segments rise in tandem

LONDON: The Baltic Exchange’s Dry Bulk Sea Freight index, which monitors rates for vessels moving dry bulk commodities, rose on Friday and posted a...

Drewry: World Container Index up 2% last week

LONDON: For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts.  Drewry’s World Container Index increased 2% to $1,687...
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