Following the outbreak of COVID-19, the Paris Memorandum of Understanding on Port State Control (Paris MoU) drafted temporary guidance for its member PSC authorities, recognizing the need to apply flexibility under these
New York City headquartered International Seaways, Inc. (NYSE: INSW), one of the world’s largest tanker operators, reported net income for the first quarter of $33.0 million, compared to a net income of
The International Maritime Organization (IMO) has sent a recommended framework of protocols for ensuring safe ship crew changes and travel during the COVID-19 pandemic to all IMO member-states, the UN and other
The Cyprus Shipping Deputy Ministry (SDM) has formally announced a new process to facilitate crew changes during the COVID-19 pandemic. Crew changes for vessels are possible in Cyprus provided certain conditions are
While SEACOR Holdings Inc. (NYSE:CKH) saw first quarter income fall, it reports that all of its services have been deemed essential — and looks to have gotten a significant boost from tax
Cheap bunker prices are tempting hard-pressed shipowners to send ships “the long way round” and avoid expensive Suez and Panama Canal transit fees. In response, the authorities of both canals are offering
With the collapse in oil prices, partly as a result of COVID-19, huge numbers of tankers are being time chartered for floating storage purposes. As a result, BIMCO is receiving enquiries about
The Liberian Registry is continuing its efforts to gain recognition of seafarers as “key workers” and for much needed crew-exchange to be allowed at major ports globally during the COVID-19 pandemic. The
ABS has published its latest trends and projections on carbon-reduction strategies for shipping as the industry looks to meet decarbonization ambitions. It suggests that though shipowners may meet IMO’s CO2 reduction targets
The International Air Transport Association (IATA) and the International Chamber of Shipping (ICS) are jointly calling on governments to take urgent measures to facilitate crew change flights for seafarers. Each month about