Regions

The Port Authority of New York and New Jersey (PANYNJ) is seeking a $1.9bn government bailout as traffic plummets amid the coronavirus (COVID-19) outbreak.

HongKong Chaoshang Group says the company has completed the disposal of Shantou Noble Century Shipping company and ceased the operation of its vessel chartering business.

Swire Shipping has strengthened its operations in Asia with the deployment of a newbuild 2,400-teu vessel onto the Southeast Asia to Papua New Guinea and Solomon Islands route.

Panama Maritime Authority (AMP) Administrator Noriel Arauz says that the Ship Registry was “already working remotely” to provide any help to its shipowners, customers and seafarers during the COVID-19 crisis.

The International Chamber of Shipping (ICS) and International Association of Ports and Harbours (IAPH) have jointly called on G20 leaders to support the maritime sector and global supply chains from the impact of the novel coronavirus (COVID-19).

First Ship Lease Trust (FSL Trust) has appointed the head of ship finance for Hellenic Bank, Markus Wenker, as its new cfo.

Seven crew members onboard container vessel MSC Talia F have been kidnapped by pirates in the Gulf of Guinea, off the coast of Libreville, Gabon.

The surge in world oil production that has followed the failure of OPEC+ members to reach a consensus on further supply constraints at their 5 March meeting in Vienna is likely to mean that storage capacity for crude oil and products will run out...

Brazil’s Vale has updated that operations at its Malaysian iron ore terminal will carry on, following an announcement last week that operations may be temporarily suspended due to the novel coronavirus (COVID-19).

Cosco Shipping Energy Transportation has issued shares to raise fund for the purchase of 16 tankers.