Golden Ocean Names Andersen CEO

Dry bulk shipping company Golden Ocean Group said its board has appointed Ulrik Uhrenfeldt Andersen as the new Chief Executive Officer of Golden Ocean Management AS with effect from Tuesday April 14, 2020.Andersen comes from a position as Chief…

Havila Shipping Reaches Debt Restructuring Deal

Norwegian offshore vessel owner Havila Shipping has struck a debt restructuring deal with lenders, conditional upon approval from formal bodies. At January 1, 2020, Havila's outstanding debt was NOK 4,222 million (around $410 million), which…

Tankers Carrying U.S. LNG Heading to China After Tax Waivers Granted

Tankers carrying U.S. liquefied natural gas (LNG) are on their way to China after Beijing started granting tax waivers to some importers, according to shipping and trade sources.This is the first time since March 2019 that shipments have resumed…

COVID-19 Cuts a Swath Through Containership Charter Earnings -MSI

While the implications of COVID-19 for containership demand and freight rates are directionally clear, the time charter market often marches to its own drum.The latest Container Shipping Forecaster from Maritime Strategies International analyzes…

US Says No Requests Yet to Waive Jones Act to Help Oil Companies

The U.S. government said on Monday it has not yet received requests to waive a 100-year-old law on shipping goods between domestic ports, despite some interested parties who say temporarily lifting the regulation would help energy companies hurt by the oil price plunge.Kelly Cahalan…

Vietnam Protests Beijing's Sinking of South China Sea Boat

Vietnam has lodged an official protest with China following the sinking of a Vietnamese fishing boat it said had been rammed by a Chinese maritime surveillance vessel near islands in the disputed South China Sea.The Vietnamese fishing vessel, with eight fishermen onboard, was fishing near the Parace

Acting Navy Head Blasts Fired USS Theodore Roosevelt Captain

The acting head of the U.S. Navy, in a surprise speech to the crew of a coronavirus-stricken aircraft carrier, castigated their former commander for writing a leaked letter that demanded the Navy take stronger action to halt the spread of the…

Ocean cargo industry tough to forecast in wake of COVID-19, say analysts

The world is a very different place to when the last edition of Drewry’s Container Forecaster report was published in December. The only certainty is supply and demand volatility.

ABB Accelerates Remote Connectivity Rollout

Technology comany ABB said it has expedited the rollout of and access to its remote service tools and digital solutions across critical industry as companies around the world find new ways to maintain operations throughout the coronavirus crisis.“During the COVID-19 crisis…

ABS Publishes New Data and Digital Advisories

Classification society ABS launched two new advisories designed to help harness the potential of digital technologies for the maritime and offshore industries.The ABS Advisory on Structural Health Monitoring: The Application of Sensor-Based…