shipowners News

Rogue Captain’s Mid-Ocean Detour Tips Investors to Crisis at Sea

Terence Tsai started hearing about the growing labor crisis in shipping in a roundabout way. First, in March, an official at a ship management company in Hong Kong let slip that a captain had purposefully diverted a vessel under its …

Judge Won’t Halt Salvage of Capsized Ship on Georgia Coast

SAVANNAH, Ga. — A federal judge ruled she will not halt removal of a capsized cargo ship along the Georgia coast while a salvage company that lost the job to a competitor sues the U.S. Coast Guard. The decision by …

Shipping Industry Sails into Unknown with New Pollution Rules

LONDON — Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks. To reduce emissions of toxic sulfur that cause premature deaths, shipowners who have long relied on the dirtiest residues of oil …

Shipowners and Unions Raise Concerns at Casualty Reporting Failures

Shipowners and seafarers’ unions have joined forces to express concern at flag states’ failure to submit maritime casualty reports as required under international conventions. The International Chamber of Shipping (ICS), which represents 80 percent of the world merchant fleet, and …