Shipping

Cyprus-flagged ships violate US sanctions at their own risk, as this country is not legally obliged to enforce those of the US. This is in reply to a Lloyds List ...

Top oil shipping companies say they have tightened operational guidelines and deployed technology to prevent accidental breaches of sanctions, as the countries hit by ever tougher restrictions fight back with ...

According to this year’s recently released Xinhua-Baltic International Shipping Center Development Index Report, Singapore, London and Shanghai are the top three global shipping hubs in 2021, followed by Hong Kong, ...

Egypt’s Suez Canal revenue rose to a record $5.84 billion in its 2020-21 financial year (July-June), up from $5.72 bln in the previous year, the Suez Canal Authority said on Sunday. ...

SHIPPING has been left out of the Organisation for Economic Co-operation and Development proposals for a global minimum corporation tax rate of no less than 15 per cent, Lloyds List reported ...

The UK has now concluded annual fisheries negotiations with the EU, providing certainty for the fishing industry on catch limits for the remainder of 2021, the Department for Environment, Food & ...

A Cyprus-based shipowner has managed to regain almost a sixth of their ship’s value in a single voyage due to the frenetic global container market and the resulting soaring ...

Britain is to build a new flagship to promote its business and trade interests around the world, the government said on Saturday, in a move it said would also boost ...

China’s Marco Polo, the largest container ship ever to arrive on the US East Coast, arrived on Thursday. At 16,022 twenty-foot equivalent units (TEU), the Marco Polo is close to ...

Despite the financial difficulties cause by pandemic restrictions, Cyprus managed to maintain its position as the third largest shipping fleet in Europe, the 11th largest in the world, and the ...

Limassol Marina General Manager Nikiforos Pampakas talks about how the wharf is faring and evolving. Q:How has the Limassol Marina been affected by the pandemic? A:We are now ...

Lebanese Minister of Public Works and Transport Michel Najjar early this month signed an amendment of a decree that would fix Lebanon’s maritime borders – unfortunately the proposed demarcations are ...

A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million compensation claim against the ship’...

By Sandrine Ceurstemont Ships have a significant environmental impact during building, operation and when they’re scrapped, but new approaches and composite materials to replace steel – still popular due to ...

Carnival Corp, the world’s largest cruise operator, is currently not taking a position on mandatory Covid-19 vaccinations for passengers before traveling, a company spokesman told Reuters on Tuesday. The ...

Norwegian Cruise Line Holdings Ltd said on Tuesday it would begin sailing outside the United States from the Caribbean and Greek Isles in July, restarting trips after a year-long hiatus ...

There have been global repercussions from the recent block of the Suez Canal for six days by a stranded container vessel. The Suez Canal Authority is claiming $1 billion in damages, ...

The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re ...

Salvage teams freed the Ever Given in the Suez Canal, according to maritime services provider Inchcape, almost a week after the giant vessel ran aground in one of the world’...

Turkey has approved development plans for a huge canal on the edge of Istanbul, Environment Minister Murat Kurum said on Saturday, advancing a project which has attracted criticism over its ...

Royal Caribbean International has revealed Jewel of the Seas will be sailing seven-night cruises from Limassol, Cyprus, this summer. Starting July 10th, the vessel will call Cyprus home for the ...

Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway as ...

Carnival Corp Chief Executive Arnold Donald anticipates at least two more tough years for the cruise industry, which is unlikely to return to pre-pandemic levels until at least 2023, the Financial ...

“Businesses in Cyprus support each other. It’s a real community,” comments Despina Panayiotou Theodosiou, CEO at Tototheo Maritime & President at WISTA International in an interview with the Cyprus ...