Green Marine
Container Lines May Lose 17 Mn TEU in 2020 due to Coronavirus
The container shipping industry might be looking at developments similar to the financial crisis of 2008.
Coronavirus Nightmare for Cruise Operators Continues as Ports Ban Cruise Ship Calls
Port authorities are starting to suspend cruise ship calls to curb the spread of COVID-19.
Initial Sea Trials Completed for Autonomous Tug Project
Wärtsilä and PSA Marine have successfully completed initial sea trials for the IntelliTug autonomous ship project.
Braemar Heads for Bahamas after 5 People on board Test Positive for Coronavirus
Five people on board the Braemar cruise ship tested positive for Coronavirus.
Sovcomflot Reports Strong 2019 Earnings
Russian shipping major Sovcomflot (SCF Group) managed to return to profit in 2019 – the first year of implementation of the company’s new strategy. The company reported a net profit of USD 225.4 million in 2019, compared to a net loss of USD 45.6 million seen a year earlier. Revenues rose by 9.6 per
Sumitomo Mitsui Trust Bank Joins Poseidon Principles
Sumitomo Mitsui Trust Bank becomes the first Asian financial institution to join the Poseidon Principles.
US Treasury Blacklists Another Rosneft Subsidiary over Venezuela Dealings
OFAC designated TNK Trading International S.A., a Geneva-based subsidiary of Rosneft.
NYK Announces World’s 1st Onboard Use of Digital Currency
Japanese shipping giant NYK unveiled what it claims to be the world’s first onboard use of digital currency.
OSG Wraps Up ATC Acquisition, Tanker Purchase
Overseas Shipholding Group (OSG) completes the acquisition of Alaska Tanker Company (ATC).
2,042 People Disembark Grand Princess
A total of 2,042 people have disembarked the coronavirus-stricken cruise ship Grand Princess.
Tanker Rates Surge after Bahri’s Surprising Charters
Daily freight rates for Very Large Crude Carriers skyrocketing.
Princess Cruises Halts Global Operations for 2 Months in Response to Coronavirus Impact
Princess Cruises will pause global operations of its 18 cruise ships for two months.
Port of Seattle Calls Off First Two Cruises of 2020 Season
The Port of Seattle has canceled the first two sailings of its 2020 cruise season.
Strategic Acquisitions Spur DP World’s Revenue Growth
DP World posted 36.1 percent revenue growth and a 4.6 percent higher profit for the full year of 2019.