201 Ships Scrapped During First Half of 2019
31.07.2019The first half of 2019 saw 201 cargo vessels sold for demolition (sum 2 million tonnes) 75% were scrapped at either Bangladesh or India, with Bangladesh receiving the majority share. Scrapping numbers were down c.18% compared to the first half of 2018.
learn more →European Commission Extends Dutch Tonnage Tax Breaks to 2028
29.07.2019The European Commission (EC) has approved an extension of three amendments to the Dutch tonnage tax regime until December 31, 2028.
learn more →Greek Ship Owners On the Market for Young Bulkers
26.07.2019With the dry bulk market heating up, Greek ship owners are actively looking to acquire modern dry bulk tonnage.
learn more →ExxonMobil expands its Singapore refinery
13.06.2019ExxonMobil has completed an expansion at its Singapore refinery to upgrade its production of EHC Group II base stocks, aiming to enhance the global supply of base stocks and improve the integrated facility’s competitiveness.
learn more →First phase of investments completed at Limassol Container Terminal
06.06.2019Eurogate Container Terminal Limassol Ltd has completed the first phase of investments at the Limassol Container Terminal, worth more than €30m.
learn more →Shipping industry leading decarbonisation efforts, but more needs to be done
03.06.2019The shipping industry is a leader in the campaign for achieving a zero-carbon future, however more needs to be done, in order to truly meet the targets for making ships and ports more environmentally-friendly. That was the opinion of Greek ship owners and international experts.
learn more →Greeks make plays for German second hand vessels in 2019
28.05.2019Greece has been buying most of their second hand purchases from Germany during 2019.
learn more →Draft amendments on Steel Ships Guidance
27.05.2019The Korean Register of Shipping issued a draft amendment on the rules for the Classification of Steel Ships Guidance 1 revised section, noting that the Class is committed to developing the Rules to meet the latest technical and customer requirements. Therefore, it calls its members in case of any comments to inform the Class until Friday, June 7, 2019.
learn more →Shipping Industry Expresses Concern Over Recent Trade Developments
20.05.2019A delegation from the International Chamber of Shipping (ICS), the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA) has, at the World Trade Organization (WTO) in Geneva, expressed concern over recent increases in protectionist measures. Presenting two position papers to the WTO, the shipping sector has “fully committed to the preservation and promotion of free trade policies and principles around the world.”
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