EU ban on Russian coal fires up Capesize demand: MSI

Capesize freight rates are set for a period of upside volatility as the fallout from the war in Ukraine continues to spread across the energy markets, reports analyst Maritime Strategies International (MSI). In its latest quarterly dry bulk market outlook, MSI points to the re-routeing of Russian exports to new destinations as a result of […]

IMO completes 100 audits under Member State Audit Scheme

One hundred of IMO’s 175 Member States and three associated Members have now been audited under IMO’s Member State Audit Scheme. The milestone was reached in March 2023. The audits continue to be rolled out, with 23 audits scheduled to be completed during 2023 and 25 in 2024. The first audit cycle is set to […]

Gard withstands market turbulence to deliver standout insurance results

Gard has presented its annual results and its second integrated annual report, showing that the group has delivered its best insurance performance in 15 years. Challenging investment markets meant that results overall ended close to break even. Gard’s reporting period was slightly shorter than usual this year, as the Board of Directors decided to change […]

A. P. Moller – Maersk to divest Maersk Supply Service

A.P. Moller – Maersk (Maersk) has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller Group, for an intended divestment of Maersk Supply Service (MSS), a leading provider of global offshore marine services and project solutions for the energy sector. “We are very pleased to see Maersk Supply Service will […]

MSC teams up with GCMD to accelerate industry efforts to decarbonise

MSC and the Global Centre for Maritime Decarbonisation (GCMD) have announced the signing of a five-year Impact Partnership agreement. This agreement sees MSC, the world’s largest shipping line combine forces and industry expertise with GCMD. GCMD, strategically located in Singapore, the world’s largest bunkering hub and second largest container port, aims to help the industry […]

Master Mariner becomes LMAA’s newest Full Member

The London Maritime Arbitrators Association (LMAA) has elected Captain Keith Hart RD as a Full Member. After serving at sea and working as a chief officer/stability technician and master on offshore vessels and semi-submersible drilling units, Keith practised as a consultant, including posts as director and COO. A retired Commander, Royal Naval Reserve, Capt. Hart […]

BV-classed hybrid ferries with battery and solar power to be deployed in Hong Kong

Bureau Veritas (BV) has announced that it will class two hybrid double hull, double end ferries, which will be equipped with battery and solar power technology for operation in Hong Kong. Designed by CoCo Yachts, a Dutch naval architect design and development company, the Urban Sprinters 1000 vessels will be operated by Sun Ferry Services […]