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Union Maritime says crew and ship released

Union Maritime can confirm that the MT Barrett has been released after a Gulf of Guinea piracy incident lasting six days. All crew are safe. We are extremely grateful to the many parties that assisted in achieving the successful resolution of this incident. We are focused now on supporting the crew and their families. The […]

Norwegian Central Bank excludes companies from Government Pension Fund Global because of their beaching practices

Brussels/Oslo, 16 January 2018 – The Norwegian Central Bank announced today its decision to exclude ship owners Evergreen Marine Corporation, Precious Shipping, Korea Line Corporation and Thorensen Thai Agencies from the Government Pension Fund Global (GPFG) [1]. The exclusion is based on the companies’ poor management of their end-of-life ships and the sale of these for dirty and […]

Loss of communication with vessel MT Barrett

The Union Maritime vessel, MT Barrett, a tanker which was at anchor off Benin, West Africa has not been heard from since late on Tuesday 9th January. On Wednesday we alerted local maritime authorities and are exploring all possible options and efforts as we continuously monitor the situation. Whilst we are tirelessly working to locate […]

New bulk cargo terminal MOU announced in Poti, Georgia

Expanded Georgian trade, improved customer supply chains targeted. Poti, Georgia – APM Terminals Poti and Poti New Terminals Consortium signed a Memorandum of Understanding (MOU) for a USD 100 million dollar investment in a new bulk cargo terminal that can process 1.5 million tons of dry bulk cargo annually and generate new trade opportunities for […]

New Baltic Exchange LNG Panellists Group

Following an approach by leading Baltic Exchange LNG shipbroking companies, the Baltic Exchange has formed the Baltic LNG Panellists Group. The move comes as the Baltic Exchange looks to develop a new Liquified Natural Gas (LNG) Index comprising several routes for the evolving LNG shipping market. Affinity, Braemar ACM, Clarksons and SSY are the LNG Panellists Group’s first […]

Pat Donnelly elected as FFABA Tanker Chairman

Pat Donnelly, of Braemar ACM-GFI, has been elected as Chairman of the Tanker FFA Brokers Association. He replaces Ben Courtney of ICAP Energy who has chaired the group, which represents the worldwide community of tanker Forward Freight Agreement (FFA) brokers, since 2016. Founded in 1997, the FFABA is the worldwide association for Forward Freight Agreement […]

Duncan Dunn appointed new Baltic Exchange Chairman

Duncan Dunn has been elected Chairman of the Baltic Exchange Advisory Council with effect from 2 January 2018. He replaces Lambros Varnavides who has held the position since November 2017. Duncan Dunn is a Senior Director at SSY Futures and has served as Baltic Exchange Vice Chairman since 2017. Commenting on the appointment Baltic Exchange […]

KR launches survey services using drones ​

Korean Register (KR) – an IACS member classification society – has announced that it is now conducting inspection services using drones, responding to the industry-wide trend to use more unmanned technology. The new service which has been successfully trialled and now launched, follows extensive collaboration and research conducted with the University of Gyeongnam Geochang. The […]

Surge in number of accidents in Bangladesh shipbreaking yards

Brussels, 6 December 2017 – Until September the NGO Shipbreaking Platform had observed a decrease in the number of accidents in the shipbreaking yards in Chittagong, Bangladesh. Now however, the accident rate for the three first quarters of 2017 has surged with 8 injuries and 6 deaths recorded in ten separate incidents in the last two […]