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Record low shipping losses amid rising sector risks

Maritime safety is paramount, with up to 90% of global trade traversing oceans. Three decades ago, the international shipping industry experienced the loss of...

Digitalisation to support shipping industry in accidents decrease and investigation

As the digital transformation of the shipping industry is no more a theory, but a reality, it is important to see how new technologies...

Allianz expects pandemic to result in rise in machinery issues

Maintenance issues and cargo fires are among the most significant risks for cargo vessels in this period of the pandemic, according to insurance company...

Safety and Shipping review 2018 by Allianz

Safety & Shipping Review 2018: 94 large ships lost worldwide in 2017, down by more than a third over 10 years. Bad weather...
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Hapag-Lloyd increases rates from Indian Subcontinent and Middle East to US

German ocean carrier Hapag-Lloyd has announced a General Rate Increase (GRI) and General Rate Adjustment (GRA) from the Indian Subcontinent and Middle East to...

Lloyd’s Register approves Seaspan’s ammonia-powered feeder vessel design

Lloyd's Register (LR) has granted Approval in Principle (AiP) to Seaspan Corporation for its innovative dual-fuel ammonia-powered next-generation feeder ship design. Developed by TECHNOLOG, this...

CMA CGM applies overweight surcharge from Med to East Africa and Comoro Islands

CMA CGM has announced the introduction of an Overweight Surcharge (OWS) for certain shipments, effective from 18 September 2024, until further notice. The surcharge will...

Strong dry bulk market fuels 42% drop in ship recycling

So far this year, only 45 ships have been recycled, adding up to 2.5 million deadweight tonnes (DWT) or 0.2% of the fleet. Recycling...