Category: News

News

Indian seafarers on cargo ships starts returning on chartered flights after extended time at sea

In a first since the pandemic halted crew change on ships globally, 21 Indian seafarers of Synergy Marine Group returned to India on a chartered flight arranged by the Singapore-based ship management company. This is the first chartered flight that was arranged to carry seafarers working on cargo ships back to India. The seven chartered…

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….

Dry Bulk Newbuilding Orders Go “Extinct”, as Interest Limited to Tankers

Ship owners have limited their newbuilding activity during the past couple of months, in what was already quite a “slow” year for 2020 contracting. However, as of late a new trend has started to emerge; while bulkers remain in “hot waters”, a few orders have emerged for tankers. Still, as shipbrokers note, even those were…

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,…

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,…

Container sea freight rates will likely remain lower for a while longer

A recent article by strategic research firm Stratfor makes dire reading for the shipping industry and their investors. However, the piece holds out hope to consumers that shipping freight rates will likely stay lower for longer as a result of the COVID-19 pandemic, to some extent helping to mitigate the economic damage being caused elsewhere….

Federal Maritime Commissioners Call for Help for Maritime Freight Terminal Operators

Leases Slanted Toward Port Authorities May Prove Catastrophic as Cargo Levels Drop US – With just about every industry in every country suffering from the toxic effects of stopping the virus spreading, businesses everywhere have to re-evaluate their approach and try to mitigate the financial impacts. To this end Federal Maritime Commissioners Carl W. Bentzel…

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