Financial outsourcing: the benefits of new technologies for shipping


Having weathered a difficult few years, the shipping sector continues to face many challenges. Ongoing economic uncertainty and conditions are likely to remain volatile for a number of years. However, overall confidence in the industry is reasonably stable and the sense is that “the worst is behind us”.

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Marshall Islands join Maritime Anti-Corruption Network


The Republic of the Marshall Islands Maritime Administrator joined the Maritime Anti-Corruption Network (MACN) as an Associate Member. MACN's aim and that of its members is to work towards reducing maritime corruption, especially in the interface between ship and port.

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Piraeus Port Wins Environment Award


Piraeus Port Authority SA (PPA) was honored with a Special Award in the "Environment" category for the "Environmental Quality Monitoring Programs in collaboration with Academic Institutions and Special Scientific Associates” during the 4th Annual Sustainability Summit 2019, organized by the Centre for Sustainability and Excellence (CSE) in cooperation with the MBA International of the Athens University of Economics and Business.

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MABUX: Bunker Market On the Up


Oil rallies on Wednesday as U.S. gasoline inventory draw offsets crude build. Oil futures climbed more than 1 percent on Wednesday after U.S. data showing a deep decline in gasoline stocks overrode a rise in crude inventories to 17-month highs, and as an OPEC report showed further tightening of Venezuela’s crude supply.

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EMSA launches procurement procedure for new oil spill recovery vessels


In order to enhance its response capacity network EMSA announced the launch of a procurement procedure to contract new stand-by oil spill recovery vessels in the Adriatic Sea, West Mediterranean Sea, and Central Mediterranean Sea.

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Cyprus’ shipping ready for Brexit


Cyprus has prepared an emergency plan of action in the event of a hard Brexit even though it is being kept at low profile – at least as far at political level.

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Fleet reductions could see tanker owners in touch with a profit in 2019


IMO sulfur regulations will constrain large tanker supply growth while an ageing fleet should encourage scrapping, writes Tim Smith, director of tanker and energy markets at MSI.

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Green Recycling Takes Center State in Southeast Asia


With more and more ship recyclers looking to comply with stricter environmental standards, the demolition market could be seen as one in transition. 

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AMSA: Changes to shipping registration come into effect


Starting from 1st April 2019, the Australian Maritime Safety Authority (AMSA) has applied changes to shipping registration laws, some of which may impact operators.

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