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Finance & Insurance

P&I Clubs are warning shipowners over large security demands being made by the Australian authorities for “relatively minor” pollution offences.
First Ship Lease Trust (FSL) Trust has been suspended from trading on the Singapore Exchange for over a week, and last week saw its senior management resign enmasse. It is…
After discovering that a significant number of reefer cargo damage comes from on-shore errors, North P&I Club has launched a campaign to help insulate its members from bogus insurance claims.
Seafarers’ Rights International (SRI) has announced the launch of a new Charter of Good Practice for the Provision of Legal Services to Seafarers.
Subsea 7 has been awarded contracts with Petrobras for the construction and operation of three pipelay support vessels (PLSV), totalling $1.6bn.
Torm has announced the appointment of Mads Peter Zacho, current cfo of Svitzer, as its new cfo.
The Shanghai-Rotterdam container freight index more than doubled by $1,632 per feu as container lines' 1 July genereal rate increases hold firm, Drewry reports.
Transpetrol Gas Holdings Limited (Transpetrol) has exercised an option to back out of an LPG-carrying joint venture with Stolt-Nielsen and Sungas Holdings.
Henriette Brent-Petersen will join DVB as the head of its Shipping & Offshore Research Department in Rotterdam.
The top management of struggling shipping fund FSL Trust have quit in what is being characterised as a “difference of opinion”.
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