UAE-based fabrication and engineering specialist, London Stock Exchange-listed Lamprell plc is considering selling up at a steep discount to an existing minority shareholder after announcing severe liquidity problems.

The European Parliament agreed to support the European Emissions Trading Scheme (ETS) with the significant inclusion of shipping.

Very positive about the shipping outlook, but very negative about the world outlook, was a dichotomy highlighted by BW Group’s Andreas Sohmen-Pao that set the stage for proceedings at Marine Money in New York this week.

There was a four-fold increase in the number of containers lost overboard during the 2020 – 2021 compared to the previous two-year.

Russian state-backed Sovcomflot’s fleet is fully insured for internation trade, its CEO said last week.

The Dubai office of law firm Stephenson Harwood advised the National Bank of Fujairah and Arab Petroleum Investments Corporation (Apicorp) on the $160m leveraged buyout (LBO) financing facility provided to UAE-based investment bank Shuaa Capital...

When it comes to anything related to supply chains, uncertainty pervades.

Cosco Shipping Specialized Carriers has inked financial leasing contracts with three major Chinese banks’ financial leasing units for 12 multi-purpose vessels.

The container sector continues to enjoy high rates and report record profits, but there are uncertainties are starting to build, according to Bimco.

Ship inspection company Idwal has added questions on crew welfare to its vessel surveys in a bid to improve conditions for crews.