P&O Ferries has suspended its operations ahead of a major announcement related to the firm’s long-term viability.

Of four future scenarios for the containerised logistics sector published by McKinsey, the most optimistic may be dead on arrival.

Ince has appointed a shipping and insurance specialist and a corporate law expert as joint managing partners in its Dubai office.

The announcement yesterday that North P&I and Standard Club have entered discussions on a proposed merger could prove to be the first of various moves to consolidate across the specialist mutual claims business.

The Russian Maritime Register of Shipping (RMRS) has been withdrawn from IACS, and class societies have started to pull out of Russia.

Secondary effects of sanctions against Russian entities in the wake of Russia’s invasion of Ukraine are starting to bite the P&I market.

The Russian invasion of the Ukraine has put pressure on maritime and energy companies suspend business with Russia even if not required to under sanctions.

Tidewater is buying Swire Pacific Offshore (SPO) for $190m as Swire Pacific exits the marine business.

Russia’s invasion of Ukraine may not trigger war termination clauses in certain contracts in the maritime industry.

Container line ZIM has reported strong earnings and profit for 2021, with forecasts for similar performance in 2022.