Singapore’s “circuit breaker” measures to limit the spread of coronavirus have had a major impact on Sembcorp Marine. In particular, its Singapore shipyards’ use of migrant workers living in dormitories has been
Helsinki, Finland, headquartered naval architecture and marine engineering firm Foreship has launched an initiative to limit the presence and spread of coronavirus and other pathogens on passenger ships and get the cruise
Royal Caribbean Cruises Ltd. (NYSE: RCL) estimates it is burning through cash in the range of approximately $250 million to $275 million per month during the present suspension of cruise operations, it
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
A 14-page form 8-K filed with the SEC today by Norwegian Cruise Line’s parent Norwegian Cruise Line Holdings (NYSE: NCLH) paints a grim picture of the impact of the coronavirus on the
Despite taking a one-time tax benefit of $50.8 million from the CARES (Coronavirus Aid, Relief, and Economic Security) Act barge giant Kirby Corporation (NYSE: KEX) reported a net loss of $248.5 for
Federal Maritime Commissioner Louis E. Sola will lead a fact finding investigation and work with key industry stakeholders to identify commercial measures passenger cruise lines can adopt to mitigate COVID-19 related impacts
In the coming weeks and months, we will be bringing you a regular series of podcasts featuring a range of marine industry leaders, innovators and opinion shapers. In this edition of Marine