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.

China Merchants Bank (CMB) Financial Leasing has ordered four bulk carriers each at SUMEC and Dalian COSCO KHI Ship Engineering,

Harry Theochari, Chair of Maritime London and one of the sector’s most renown lawyer, has been awarded an OBE in the Queen’s Birthday Honours.

A stand-off has developed over the weekend between Greece and Iran over the seizure of oil tankers in the waters of Greece and the Persian Gulf.

The members of the North and Standard P&I clubs have agreed to the merger of the two to create NorthStandard.

Egypt expects Suez Canal revenues to hit $7bn in the 2021-22 financial year, ending on June 30, up 27% from $5.5bn in the last year, Finance Minister Mohamed Maait said on Saturday.

China Development Bank Financial Leasing is acquiring two LNG carriers from GasLog at a total cost of $270.4m.

The strength of the Greek-controlled fleet is at an all-time high, reflecting Greek shipowners' activity in the newbuilding and sale and purchase markets.