Foss Maritime Vessels Receive Safety Award
The Chamber of Shipping of America (CSA) has recognized 73 vessels of Foss Maritime and their subsidiary companies with the 2015 Jones F. Devlin award for outstanding safety records. The Jones F.
ECB Reviews Shipping Loans
European Central Bank (ECB) kicked off a review into the risks of banks’ shipping exposure, Reuters reported. ECB is conducting an in-depth review of banks’ exposure…
Tracking Global Piracy Trends
Piracy has existed since the conception of shipping, and pirate attacks on vessels continue to disrupt trade, raising vessel security concerns and impacting the…
HMM in Talks to Join 2M Alliance
Maersk and MSC have initiated meetings with Hyundai Merchant Marine (HMM) to discuss the South Korean carrier joining the 2M alliance, says local media reports.
Negative Outlook for Global Shipping Industry: Moody’s
Moody's Japan K.K. says that its outlook for the global shipping industry over the next 12-18 months is negative. "The negative outlook reflects our expectation that earnings will worsen…
Transition to the 0.50% Global Sulphur Cap
The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) is expected to decide on the timing of the global 0.50% sulphur…
Maersk Line's Remote Control Management
One of Maersk Line's innovations turns the reefer container into a digitally connected device! "At Maersk Line, we’re always looking for ways to improve cargo care on behalf of our customers.
Greece's Competition Commission Okays OLP-COSCO Deal
The Competition Commission approved the sale of a majority stake in Piraeus Port (OLP) to China’s COSCO during its meeting on Wednesday, saying it is in line with Greek competition laws.
