Under an amended NYPE charter party incorporating the BIMCO non-payment of hire clause, the Club’s charterer Member deducted US$8,015.40 in respect of the vessel’s underperformance. This deduction was made from the 4th hire instalment. Whilst this hire…
Danish shipping group Maersk said on Thursday it would lay off staff at its main offices in Denmark and in other countries.The company said it did not know yet how many jobs would go.(Reporting by Nikolaj Skydsgaard and Jacob Gronholt-Pedersen; Editing…
Maersk Layoffs Imminent Read More »
Ratings agency says longer record of capacity management needed to strengthen industry’s resilience
Fitch stays negative on shipping sector as risks mount Read More »
Libya’s internationally recognized government and Turkey have signed an agreement on maritime boundaries in the Mediterranean Sea that could complicate Ankara’s disputes over energy exploration with other countries.Turkey, which announced the…
Turkey Inks Maritime Boundaries Deal with Libya Read More »
VLCC giant says companies should team up with private firms to take a more active role in territory’s industry
CMES wants Chinese state owners to muscle in on Hong Kong shipping Read More »