More crew were kidnapped at sea in 2016 than in any of the previous 10 years, despite global piracy reaching its lowest levels since 1998, the ICC International Maritime Bureau's (IMB) annual piracy report revealed today.
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IMO Secretary-General Kitack Lim has written to senior European officials expressing his concern that including shipping in the European Union’s Emission Trading System (EU-ETS) could undermine efforts to reduce greenhouse gas (GHG) emissions from shipping on a global basis.
DryShips exercises first option to acquire a VLGC with a five year time charter attached to an oil major
DryShips, an international owner of drybulk carriers and offshore support vessels, has exercised its first option under the previously announced option agreement to acquire one Very Large Gas Carrier (VLGC) currently under construction at Hyundai Heavy Industries (HHI) for a purchase price of $83.5 million.
Through two separate wholly-owned subsidiaries, global shipping company Diana Shipping has taken delivery of two newbuilding Newcastlemax dry bulk vessels of approximately 208,500 dwt that were contracted in May 2013.
International accountant and shipping adviser Moore Stephens says the shipping industry will use a mixture of experience and innovation to navigate what is likely to be another volatile year for the industry in 2017.
Belgian tanker owner and operator Euronav has has entered into a five-year sale and leaseback agreement for four very large crude carriers (VLCCs) with investment vehicles advised by Wafra Capital Partners Inc., a private equity partnership.