Marsh & McLennan will be the world's biggest marine broker.
18 Sep 2018
The deal was announced this morning in London and as news spread to marine insurers in Cape Town, there was a concern over where it will leave the market.
18 Sep 2018
The speculation prompted Evergreen to put out a statement to the Taiwan Stock Exchange.
A Maersk container ship
17 Sep 2018
The new BAF, comprising a trade factor and fuel cost, will replace the existing Standard Bunker Factor and enable customers to simulate and calculate the BAF tariff at any fuel price for a given trade route.
TT-Line-operated Robin Hood
17 Sep 2018
Fairplay understands that the first of the two 45,000 gt ropax vessels that TT-Line plans to build at the Jiangsu Jinling shipyard has become a firm order.
US Gulf rig and tanker
17 Sep 2018
The new derivatives contracts, which will be listed and cleared through ICE Futures Europe, are based on the freight costs of VLCC shipments from USGC to China and of Aframax shipments from USGC to Europe (United Kingdom or the continent).
The Turkish lira shed 40% its value versus the US dollar this year
13 Sep 2018
With emerging-market currency casualties scattered across the globe, fears of a contagion and broader economic crisis are escalating. Fairplay examines the implications for shipping.
Flag of malta
12 Sep 2018
The EU Commission’s recent approval of the Maltese Tonnage Tax System has created a feeling of certainty and stability to owners intending to use the flag, but has also served as a discussion starting point on why the shipping industry is afforded special tax treatment on the income it generates and why it is treated differently from most other industries.
Antwerp's port
12 Sep 2018
The multi-million euro project is to be carried out with Belgian operator SEA-Tank Terminal Antwerp, part of the SEA-Invest port terminals group.
Rosneft company logo in Cyrillic script
12 Sep 2018
The companies will join forces to build shuttle tankers ranging from 42,000–120,000 dwt.
Sovcomflot tanker
11 Sep 2018
The tanker group said on 11 September that the 114,000 dwt vessels will be financed by VEB-Leasing, a unit of VEB, the state-owned development bank. Vessel prices were not disclosed.
Artist’s impression of the German LNG terminal
11 Sep 2018
The German company signed the agreement with German LNG Terminal GmbH, the joint venture developing the terminal in Brunsbüttel in Northern Germany.