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Ship Financing Just Got Less Complicated

04.05.2018

BIMCO has developed a new standard term sheet for syndicated ship financing (SHIPTERM S) – the first industry standard of its kind for syndicated loans. The term sheet was approved for publication at BIMCO’s biannual Documentary Committee meeting on May 2 in New York.

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Russia Remains China’s Top Oil Supplier for a 13th Month in March

27.04.2018

Russia was China’s largest crude oil supplier in March, data showed on Tuesday, retaining the lead spot for a 13th consecutive month.

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How ports can help to cut shipping CO2

27.04.2018

Ports play an important role in reducing the global carbon footprint of maritime shipping, says a new report by the International Transport Forum.

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New Bunker Terms will boost harmonisation

27.04.2018

BIMCO’s Documentary Committee is expected to adopt a new version of the standard contract Bunker Terms in New York on May 2. The Bunker Terms 2018 have been drafted by representatives from across the bunker industry.

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EU Suspects Tax Fraud at China’s New Gateway to Europe

23.04.2018

European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Greece’s largest port of Piraeus, a trade gateway between China and Europe, officials said.

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Proving that port-to-port communication can save shipowners money

23.04.2018

Limassol, the main port of Cyprus, has been highlighted as an example of how improved port to port communications can financially benefit shipowners and terminals that are keen to drive up efficiency.

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Port of Rotterdam Calls for carbon tax

13.04.2018

The Port of Rotterdam has called on the Dutch Government to form a coalition with countries in North-West Europe with an aim to introduce a higher CO2 price.The higher price is expected to stimulate new investments in clean technologies and innovation, according to Allard Castelein, Port Authority CEO.

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Shipping industry needs an alternative to fossil fuels, but which one?

13.04.2018

The shipping industry needs to move to renewable and alternative fuels to reduce the sector’s impact on the environment.But there is no widely available fuel to manage climate change and local pollutants

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Russia says looking at joint organisation for cooperation with OPEC

04.04.2018

Russian Energy Minister Alexander Novak said a joint organisation for cooperation between OPEC and non-OPEC countries may be set up once the current deal on oil output curbs expires at the end of this year.

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