Gulf Oil International has reached an agreement to acquire the lubricant blending plant from Singapore’s Ocean Tankers.

The Cyprus maritime community yesterday hosted a virtual debate on the thorny issue of shipping’s possible inclusion in the European Union’s Emissions Trading System (EU ETS), as proposed recently by the European Parliament.

China Development Bank (CDB) Financial Leasing is purchasing 14 product tankers from Maersk Tankers Singapore at a total cost of $422m.

Fireworks, batteries and liquid ethanol were believed to be the contents of the 64 dangerous goods containers lost from the boxship ONE Apus in severe weather in the Pacific last week.

NYSE-listed Seacor Holdings is being taken over by private equity firm American Industrial Partners (AIP) further reducing the roster listed shipping equities in the US.

Last week saw one of the largest loss of containers from a vessel in recent years with the ONE Apus suffering loss or damage to an estimated 1,816 boxes in severe weather while crossing the Pacific on 30 November.

The UK P&I Club has published what it believes to be the most comprehensive account to date of the situation regarding crew changes at different ports across the world.

Despite growing opposition to its investments plans for the port of Piraeus, Cosco Shipping has made a first official move to acquire a further 16% stake in the Athens Stock Exchange-listed Piraeus Port Authority (PPA).

Norwegian mutual war risk insurer, Den Norske Krigsforsikring for Skib (DNK), and the Norwegian Shipowners’ Association (NSA) are establishing a new setup, Norma Cyber, which will cover cyber risk for DNK members from 1 January 2021.

The Panama Ship Registry has joined the Maritime Anti-Corruption Network (MACN) becoming part of the world’s largest group of maritime companies fighting for a better and corruption-free business environment.