On April 28, 2020, the Federal Maritime Commission (FMC) released the long-awaited interpretive rules in Docket No. 19-05 relating to how ocean common carriers may lawfully apply demurrage and detention charges to exporters, importers and ocean transpo...
Read more
Norwegian Cruise Line Secures $2.2 Bln Funds
Norwegian Cruise Line Holdings Ltd has raised over $2.2 billion through debt and equity offerings, giving the cash-strapped cruise operator much-needed funds to survive extended voyage suspensions due to the COVID-19 pandemic.The company warned…
Read more
Soccer: Will the player of the future be ‘plant-based’?
The days of English football's once notorious drinking culture are long gone and few professionals would now list the once obligatory 'steak and chips' as their favourite meal but things are moving to a different level entirely when it comes to what pl...
Read more
China Exports, Imports Set to Plummet
China’s exports and imports are expected to record double-digit declines in April after a tentative recovery in March as the coronavirus pandemic batters global demand and disrupts manufacturing supply chains, a Reuters poll showed on Wednesday.The…
Read more
US Rearms to Nullify China’s Missile Supremacy
As Washington and Beijing trade barbs over the coronavirus pandemic, a longer-term struggle between the two Pacific powers is at a turning point, as the United States rolls out new weapons and strategy in a bid to close a wide missile gap with…
Read more
Wärtsilä to Cut 700 Jobs in Ship Unit Revamp
Finland's Wärtsilä plans to cut 700 jobs globally as the Finnish engineering group splits its ship technology business into three separate business units."Even though the timing is challenging, implementing the new organisation and modus operandi fast ...
Read more
Hapag-Lloyd Seeks Savings to Offset Coronavirus Losses
German container line Hapag-Lloyd is to implement cost cuts to take account of the coronavirus crisis, its chief executive Rolf Habben Jansen said on Wednesday.In a call with reporters, he said the Hamburg-based firm, the world's fifth largest shipping...
Read more
Sailors’ Society Launches COVID-19 Helpline
International maritime welfare charity Sailors' Society has launched a dedicated helpline for seafarers and their families.The confidential, 24 hour service is there to offer support and welfare to those worried or adversely affected by the coronavirus...
Read more
Cruise Ship to House Staff from Coronavirus-hit Novatek Site
A cruise ship has arrived in Russia's northwesterly Murmansk region to accommodate healthy staff from a construction site run by the gas company Novatek, one of Russia's coronavirus hotspots, a local crisis centre said.Novatek, one of the world's top l...
Read more
Early Termination for DOF’s Skandi Acergy. More Work for Two Other Vessels
Offshore vessel operator DOF Subsea has received a notice of early termination of a two-year charter contract for its vessel Skandi Acergy.The notice period is 60 days, and the termination of the charter contract for the construction / flex…
Read more