Recent News

Greek Ship Owners On the Market for Young Bulkers


With the dry bulk market heating up, Greek ship owners are actively looking to acquire modern dry bulk tonnage.

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ExxonMobil expands its Singapore refinery


ExxonMobil 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.

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First phase of investments completed at Limassol Container Terminal


Eurogate Container Terminal Limassol Ltd has completed the first phase of investments at the Limassol Container Terminal, worth more than €30m.

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Shipping industry leading decarbonisation efforts, but more needs to be done


The 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.

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Greeks make plays for German second hand vessels in 2019


Greece has been buying most of their second hand purchases from Germany during 2019.

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Draft amendments on Steel Ships Guidance


The 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.

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Shipping Industry Expresses Concern Over Recent Trade Developments


A 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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How slow can you go?


Is there much to be gained from applying speed limits on containerships to reduce emissions? The International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) is meeting this week (13-17 May) in London to further explore methods to achieve its overall goal of decarbonising shipping, including looking at some proposals that will help move things along in the short-term.

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Union of Greek Shipowners: All stakeholders to take on responsibility at MEPC 74


As UN IMO Marine Environment and protection Committee 74 (MEPC 74) meeting is taking place this week, the Union of Greek Shipowners (UGS) calls all stakeholders to take on responsibility and contribute to global policy making and commit to reaching attainable, workable and sustainable solutions to the problems related to the 2020 global sulphur cap in marine fuels and the issue of the GHG emissions reduction from ships.

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