The European Commission has prohibited, under the EU Merger Regulation, the acquisition of Daewoo Shipbuilding Marine Engineering CO., Ltd (DSME) by Hyundai Heavy Industries Holdings (HHIH). The merger between the two South Korean shipbuild

Global ocean fleet statistics of Alphaliner show that the Mediterranean Shipping Company (MSC) is now the worlds largest ocean carrier by operated container vessel capacity. Some 52 years after its foundation in 1970, MSC, the long-term num

[Photo:PR/LISCR] Left to Right: Benson Peretti, EVP and Alfonso Castillero, COO of the Liberian Registry The Liberian Registry is now the worlds largest tanker flag. With the recent addition of 2.7 Million GT of new tankers, the Liberian ta

The IMO Assembly has adopted amendments to the IMO Convention to expand the size of the Council, extend the term of its Members and recognize three additional language texts as authentic versions of the IMO Convention. The Assembly is meeti

BIMCOs Documentary Committee has approved a new standard contract for security escort vessels (SEVs). The standard is a balanced contractual framework for SEVs that accompany merchant ships in high threat areas such as the Gulf of Guinea wh

New regulation from the International Maritime Organization (IMO), which will require existing ships to reduce carbon emissions, is due to enter into force in just under one year. As compliance will benefit to a large extent from co-operati

The International Maritime Organization (IMO) in view of the urgency for all sectors to accelerate their efforts to reduce GHG emissions as emphasized in the recent IPCC reports and the Glasgow Climate Pact, recognized the need to strengthe

The Panama Canal Authority is set to become one of the first governmental entities in the world to charge shipowners a fee for their vessels greenhouse gas emissions. Speaking at the AAPA Latino conference in Cartagena, Colombia, on Novembe

Global trade is expected to be worth about $28 trillion this year an increase of 23 per cent compared with 2020 but the outlook for 2022 remains very uncertain, UN economists said on Tuesday. This strong growth in demand for goods, as oppos

Travel restrictions by country following the Omicron variant outbreakUpdated 30th November 2021 Just as many countries around the world were beginning to loosen their border restrictions, reports of a newly detected coronavirus variant in S

The International Chamber of Shipping (ICS) has called for maritime transport to be prioritised in multilateral trade negotiations ahead of high-level WTO meetings to take place this week. While the 12thMinisterial Conference, where talks w

2050 Level of Ambition and Revision of the Initial IMO GHG Strategy A proposal was received to update the ambition of the IMOs Initial GHG Strategy to zero GHG emissions by 2050 instead of the current 50% reduction of GHG levels from 2008 i

Lloyds Lists annual rundown of shippings most influential players is fronted by those demonstrating the scale, will and desire to bring wholesale changes to an industry requiring leadership in a period of profound disruption. THE global imp

Following the conclusion of the International Maritime Organisations (IMO) Maritime Environment Protection Committee (MEPC) 77, the International Chamber of Shipping (ICS) have released the following statement: ICS Secretary General, Guy Pl

On the International Maritime Organizations Marine Environment Protection Committee meeting this week (IMOs MEPC 77, 22-26 Nov. 2021), INTERCARGO said: Given the harsh realities and the tremendous challenges of decarbonisation and of the as