The availability of capital, both equity and debt, is a perennial discussion and has two particular areas of focus at present - for consolidation and green loans for retrofits to meet environmental regulations.
Piracy reporting centre ReCAAP Information Sharing Centre has warned that an imminent threat of abduction of crew from merchant ships remains in waters been the Southern Philippines and East Malaysia.
The Nigerian authorities are planning for a strict enforcement of the country’s cabotage laws and say they are on the verge of ending waivers.
DP World has broken ground on a multi-purpose port development in Berbera in Somaliland.
The Panama Canal closed its 2018 fiscal year (FY 2018) with a record tonnage of 442.1m Panama Canal tonnes (PC/UMS), a 9.5% increase from the previous year.
Wednesday 10 October is World Mental Health and with growing awareness and concern over the mental health of seafarers dislocated from family and friends for long periods it sees some new initiatives from the industry.
Hong Kong chief executive Carrie Lam announced a raft of incentives and measures for the maritime and shipping sectors in her 2018 policy address, including for ship leasing, marine insurance and the ship registry.
New York-listed dry bulk shipowner Star Bulk Carriers has secured $70m in green loan financing for its scrubber retrofits as part of a $310m loan agreement.
Consolidation is continuing in the rig owning sector with Ensco merging with Rowan Companies in an all stock deal.