Relationships

30 DEC 2020  In a first-of-its-kind climate report, 15 of the major lenders financing the shipping industry disclosed the climate alignment score of their ship finance portfolios. Released in The Poseidon Principles Annual Disclosure Report 2020, the climate assessment offers banks insight into their lending decisions, compares performance with competing …

29 DEC 2020  Police in the Marshall Islands have confiscated over 1,400 pounds of cocaine that came ashore in an abandoned boat on a remote atoll. With a value of $80 million, it is the largest drug bust in the island nation’s history. Last week, a small fiberglass boat washed …

23 DEC 2020  The world of marine salvage is changing quickly on multiple fronts. Ships and projects keep getting bigger, but there aren’t as many casualties. There are fewer well-established companies, but there’s a powerful newcomer. Last but not least, the COVID-19 pandemic has added a layer of complexity not …

28 DEC 2020 Seafarers are invisible victims of COVID-19. Thanks to local restrictions and logistical challenges, hundreds of thousands have been stranded at sea – marooned on vessels for, in some cases, months beyond agreed contracts. Here Inchcape Shipping Services explains how it combines a physical network with virtual transparency …

27 DEC 2020 Britain insisted on Sunday that the European Union should budge to open the way to a new, post-Brexit trade pact, drawing a swift response from the bloc’s negotiator defending the union’s right to protect its interests. With less than two weeks before Britain leaves the EU’s orbit, …

26 DEC 2020  Far away on India’s western coast, a small town has been in the headlines for some time now. Alang, situated in the Indian state of Gujarat, is the largest graveyard for ships all over the world, handling about 40 percent of the world’s scrap tonnage. Now, Alang’s …

Police officers, wearing face masks, supervise the disinfection of a worker near a ship with containers at a port, as the country is hit by an outbreak of the novel corona virus, in Lianyungang, Jiangsu province, China. 25 DEC 2020 As COVID-19 vaccines emerge, the importance of allowing travel and …

24 DEC 2020  The geared container ship Maersk Cadiz was boarded by pirates off West Africa on Saturday afternoon, Maersk Line confirmed Sunday. While the Maersk Cadiz was under way on a short transit from Ghana to Cameroon, she was attacked and boarded by a gang of “criminals,” Maersk said in a statement Sunday. …

22 DEC 2020 A cargo vessel arrived in port to load wind turbine tower sections. The deck crew held a safety briefing prior to loading. By this time, it was dark and the vessel’s deck working lights were on, illuminating the area where the crew was working. Following the safety …

21 DEC 2020 Nearly five months after the grounding of the bulk carrier Wakashio off the island of Mauritius, Mitsui O.S.K. Lines (MOL) which had chartered the vessel, announced its action plan designed to enhance its safety processes and culture aboard its ship and ones it charters. While saying the investigation is …