Ports of LA, LB to levy charges to ocean carriers – will it help to reduce congestion?

Further to the recent announcement by the ports of Long Beach and Los Angeles to issue surcharge to ocean carriers whose cargo lingers at terminals, here is a commentary by xChange incase you think you would like to solicit an opinion from Container xChange – According to Dr. Johannes Schlingmeier,...

https://www.hellenicshippingnews.com/ports-of-la-lb-to-levy-charges-to-ocean-carriers-will-it-help-to-reduce-congestion/

Launch Of Getting To Zero Coalition Transition Strategy: With Concerted Collaborative Action, Full Decarbonization Of International Shipping By 2050 Is Doable

Yesterday, the Getting to Zero Coalition launched its “Strategy for the Transition to Zero-Emission Shipping”, a comprehensive study of the actions that governments, industry, and international bodies must take to deliver on a transition to zero emissions by 2050. Shipping has undergone transitions in the past and can do so again. The report, prepared by …

The post Launch Of Getting To Zero Coalition Transition Strategy: With Concerted Collaborative Action, Full Decarbonization Of International...

https://www.hellenicshippingnews.com/launch-of-getting-to-zero-coalition-transition-strategy-with-concerted-collaborative-action-full-decarbonization-of-international-shipping-by-2050-is-doable/

Costamare Inc. Increased Third Quarter Net Income Nearly 10-Fold

Costamare Inc. reported unaudited financial results for the third quarter (“Q3 2021”) and nine-months ended September 30, 2021. I. PROFITABILITY • Q3 2021 Net Income available to common stockholders of $107.4 million compared to $17.4 million in Q3 2020. • Q3 2021 Earnings per Share of $0.87...

https://www.hellenicshippingnews.com/costamare-inc-increased-third-quarter-net-income-nearly-10-fold/

Industry leaders call on COP26 to commit to decarbonize international shipping by 2050

The Call to Action for Shipping Decarbonization has been developed by a multi-stakeholder taskforce convened by the Getting to Zero Coalition – a partnership between the Global Maritime Forum, the World Economic Forum and Friends of Ocean Action. The Call to Action is backed by more than 200 industry leaders and organizations representing the entire …

The post Industry leaders call on COP26 to commit to decarbonize international shipping by 2050 first appeared on Hellenic Shipping News Worldwide....

https://www.hellenicshippingnews.com/industry-leaders-call-on-cop26-to-commit-to-decarbonize-international-shipping-by-2050/

SOCAR Trading Collaborates with Windward to Enhance Sanctions Compliance and Due Diligence Processes

Windward, the Predictive Intelligence company applying AI to transform global maritime trade, announced today that it is working with SOCAR Trading, the international marketing and development arm of SOCAR, the State Oil Company of Azerbaijan Republic. SOCAR Trading will use Windward’s AI-powered platform to enhance its due diligence and screening processes when chartering tankers, monitoring …

The post SOCAR Trading Collaborates with Windward to Enhance Sanctions Compliance and Due Diligence...

https://www.hellenicshippingnews.com/socar-trading-collaborates-with-windward-to-enhance-sanctions-compliance-and-due-diligence-processes/

Exports Of Four Key Nigerian Crude Oil Grades To Rise In December

Exports of four of Nigeria’s main crude oil grades are set to rise in December to 564,000 barrels per day (bpd) versus 507,000 bpd planned for November, according to loading programmes seen by traders. Source: Reuters (Reporting By Noah Browning; editing by David Evans)

The post Exports Of Four Key...

https://www.hellenicshippingnews.com/exports-of-four-key-nigerian-crude-oil-grades-to-rise-in-december/

International Seaways Announces Refinancing Of Six Vessels

International Seaways, Inc., one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today announced that it has signed agreements with Ocean Yield ASA (“Ocean Yield”) for the refinancing of six vessels in attractively structured sale leaseback transactions. The bareboat charter-in lease agreements for the six modern scrubber-fitted …

The post International Seaways Announces Refinancing Of Six Vessels first appeared on Hellenic...

https://www.hellenicshippingnews.com/international-seaways-announces-refinancing-of-six-vessels/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.