Europe

Tsakos Energy Navigation (TEN) has ordered up to three suezmax DP2 shuttle tankers at a South Korean shipyard, on the back of long term charter to a “major European end-user.”

CMA CGM is tightening its shipment control procedures as part of the group’s commitment to fight illicit trafficking in protected species.

The governments of 12 countries issued a joint statement pledging their commitment to help solve the current seafarer ‘crisis’ at an International Maritime Virtual Summit on Crew Changes hosted by the UK yesterday, also urging other nations to...

US-based ballast water management system (BWMS) supplier Ecochlor has opened a European office in Achim, Germany.

The world’s leading container carriers have seen their stock value diminished by 10% to 35% over the first half of this year amid the coronavirus (Covid-19) pandemic, according to analyst Alphaliner.

Italy’s d’Amico International Shipping (DIS) has signed a memorandum of agreement to sell two of its oldest MR product tankers for a total of $25.9m.

Banks are better prepared than in 2008, to face the challenges that are looming post-coronavirus but that an increase in non-performing loans is an inevitable as a result of the pandemic, according to XRTC Business Consultants.

Seanergy Maritime Holdings Corp has entered into an agreement to acquire a secondhand capesize bulk carrier for $11.4m, a price that the company sees to be at historic low.

Damen Shipyards Group has delivered five Damen Ferries 2306 E3 to Arriva Denmark in Copenhagen.

Seaborne trade is set to drop by 1bn in 2020 due to the impact of the Covid-19 pandemic according to Clarksons, but there are signs the industry is passing “peak” impact.