Finance & Insurance

There are signs various initiatives to combat the issue of containership fires are starting to bear fruit with a lower number of incidents in recent months.

Singapore’s Pacific International Lines (PIL) has confirmed it is in discussions with Helliconia Capital Management, a unit of state-owned Temasek Holdings, for an investment to bail out the container line.

Despite a US official’s warning that Washington was considering a response to the shipment, an Iranian tanker loaded with fuel and oil products arrived Saturday in Venezuela.

LNG for fuel lobby group SEA\LNG is planning a direct response to the Climate Bonds Initiative (CBI following its move to exclude LNG-related shipping initiatives from accessing green bond finance.

The COVID-19 pandemic has pushed arbitration hearings into the virtual world, and Punit Oza at Singapore Chamber of Maritime Arbitration (SCMA) believes that it could lead to a blend of physical and online in the future.

Chilean Compania Sud Americana de Vapores (CSAV) has agreed, at an extraordinary shareholders meeting, to a capital increase of $350m and the absorption of accumulated losses.

Maritime Payment Solutions, operator of the ShipMoney app, has introduced two new services designed to help seafarers manage their finances in today’s challenging conditions.

Automatic Identification Systems (AIS), originally envisaged as a collision avoidance tool, have come a long way since their inception in the early 2000’s. Now, AIS is highlighted in the latest set of guidance on US sanctions- aimed squarely at...

The Panama Maritime Authority (AMP) is to exempt anchorage fees international trading vessels choosing to lay-up in its waters.

Taiwan-based Yang Ming Marine Transport Corporation has reported a 1% revenue decline and 4% drop in container volumes for the first quarter of this year.