Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergen

IMO Secretary-General Kitack Lim has asked the United Nations system agencies to support IMO in its request to governments to declare seafarers, port personnel and other crucial maritime workers as key personnel. Mr. Lim made the plea durin

Cruise ships carrying passengers infected with the novel coronavirus are ordered to stay off U.S. shores indefinitely and prepare to give the sickened medical care aboard the vessels, according to a memo issued Sunday by the U.S. Coast Guar

MSC Mediterranean Shipping Companys new Suspension of Transit (SOT) programme is a flexible cargo service that will help to fulfil the imminent resumption of demand from Asia and ensure service continuity. It includes container yard storage

A cruise ship hit by the novel coronavirus on Monday completed passing the Panama Canal, sailing towards the southeastern U.S. state of Florida. The MS Zaandam, operated by Holland America Line, received special humanitarian authorization f

This year is unlikely to see any supply crunch in the very low sulfur fuel oil market because of the unexpected demand destruction caused by the coronavirus pandemic, according to analysts from tanker market intelligence company Alphatanker

Britain has suspended checks on ships for compliance with low sulphur fuel regulations as part of wider measures that cut back on inspections to reduce the impact of the coronavirus outbreak on supply chains, the coastguard authority said o

Owners decision Once a vessel owner has decided to lay up a vessel, several important decisions must be made. The most important decision is the duration of the lay-up, which will be critical for the type of lay-up selected. If the owner ex

The Paris Memorandum of Understanding on Port State Control (Paris MoU) acknowledges the crisis which the international shipping industry is facing. The Paris MoU is working to help Member Authorities protect the health and safety of our Po

The International Chamber of Shipping today stepped up its campaign to keep global supply chains open by issuing an open letter to G20 Governments due to meet today. The letter, which has been signed off by the heads of ICS and the Internat

Oil Companies International Marine Forum (OCIMF) has issued an update to its COVID-19 bulletin, which gives further guidance on Ship Inspection Report Programme (SIRE)/Offshore Vessel Inspection Database (OVID) inspections. In the update, O

From the desk of the Panama Maritime Authority Administrator, Noriel Arauz. Dear shipowners, customers and all seafarers. As the Panama Maritime Administrator supervising the Panama Ship Registry, I want to reassure our loyal customers who

IMO Secretary-General stresses vital need to maintain commerce by sea and protect seafarers welfare in face of coronavirus shut down. IMO Secretary-General Kitack Lim has issued the following statement addressing the effect of the coronavir

The number of people in the community who have tested positive for COVID-19 after disembarking a cruise ship in Sydney last week has risen to at least 49. The Ruby Princess ship was carrying 1,100 crew and close to 2,700 passengers. Passeng

The earnings of shipping companies globally will decline in 2020 amid sharply reduced demand for shipping services in the wake of the coronavirus outbreak, Moodys Investors Service said in a report. This is because of the expected impact of