Japan P&I Club acts to boost flagging free reserves
Move comes following ratings agency downgrade raised concerns over International Group membership
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November 2022
Denmark Finds Nigerian Man Guilty in Pirate Case, Delivers No Sentence
A Danish court on Monday found a Nigerian man guilty of endangering the lives of Danish military personnel in a shooting incident last November involving Denmark’s navy and a crew of suspected Nigerian pirates in the Gulf of Guinea.However, the court d…
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Shell to Acquire PANOLIN’s ECL Business
Supermajor Shell anounced its subsidiaries in Switzerland, the UK, US and Sweden have entered into agreements to acquire the environmentally considerate lubricants (ECLs) business of the PANOLIN Group.The transaction includes the PANOLIN brand…
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Black Sea Region Could Add Further Support to the Dry Bulk Market in the Coming Months
The dry bulk market could receive a boost from the existing condition in the Black Sea grain market. In its latest weekly report, shipbroker Intermodal said that “global grain markets continue to remain stretched. Drought, high temperatures, heavy rain…
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The challenges of CII compliance – Cooperation is key
IMO’s Carbon Intensity Indicator (CII) rating system for vessels is coming into force next year. It will be used to assess the efficiency with which a ship operates in terms of its CO2 emissions. The CII regulation is likely to alter the traditional di…
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