Category: shipping industry

Danish Shipping Industry Releases Plan for Climate and Decarbonization

The Climate Partnership for a Blue Denmark, representing Denmark’s shipping industry, has developed its plan as part of the nation’s overall effort to address climate change and achieve carbon neutrality. For its part, the shipping industry is targeting carbon neutrality by 2050, without the use of climate compensation. To achieve that goal, it also targeting…

Dry Bulk: Fewer Ships Are Being Traded, But Market Could Pick Up Sooner Rather Than Later

Dry bulk ship owners have cut their investment in secondhand ships by 50% since the start of the year In its latest weekly report, shipbroker Intermodal said that “once again shipping is about to venture into uncharted waters and before the challenges of the past decade are forgotten, shipowners will have to overcome new ones…

Maritime industry comes together to ensure safe continuation of global shipping

Specialist travel management company, ATPI Marine & Energy, is working with the International Maritime Employers’ Council (IMEC) to help seafarers return home, or continue to travel to ships, during the COVID-19 outbreak. The initiative sees ATPI Marine & Energy work alongside IMEC members, industry bodies and regulators in an example of the unprecedented efforts required…

U.S. Government Issues Updated Sanctions Warning to Maritime Shipping Community; Recommends Best Practices to Mitigate Risk

On May 14, 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the Department of State, and the U.S. Coast Guard issued a Sanctions Advisory for the Maritime Industry, Energy and Metals Sectors, and Related Communities, reflecting increased scrutiny and enforcement attention by U.S. government agencies on curbing illicit shipping practices….

National WISTA Associations Offer Free Membership for Seafarers

The Women’s International Shipping and Trading Association announced a new initiative aimed at helping seafarers. WISTA Norway, WISTA UK, WISTA Singapore, WISTA Brazil, and WISTA Argentina have come together to offer free WISTA membership for seafarers through August 31, 2020. Membership allows seafarers to access the largest network of female managers in the shipping industry,…

WISTA offering free membership to seafarers

WISTA (The Women’s International Shipping and Trading Association) has announced a new initiative aimed at seafarers. WISTA Norway, WISTA UK, WISTA Singapore, WISTA Brazil, and WISTA Argentina have come together to offer free WISTA membership for seafarers through to 31 August 2020. Membership allows seafarers to access the largest network of female managers in the…

Nakilat and Shell commence second phase of fleet management transition

Nakilat has commenced the second phase of its fleet management transition from Shell International Trading and Shipping Company Limited (”Shell”), with Q-Max LNG carrier Al Mayeda being the first vessel transitioned as part of several vessels phased management transition agreement. The technical management of Al Mayeda will be undertaken by Nakilat’s in-house ship management arm,…

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