Okeanis Eco Tankers Corp. announces that it has taken delivery of the VLCC NISSOS NIKOURIA (the “Vessel”) today. The Vessel was delivered from Hyundai Heavy Industries in South Korea and is the second (following delivery of NISSOS KEA on March 2022), Gas Ready (MEc),...

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The San Pedro Bay ports of Long Beach and Los Angeles will once again delay consideration of the “Container Dwell Fee” for another week, this time until June 10. Since the program was announced on Oct. 25, the two ports have seen a combined decline of 40% in aging...

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CMA CGM said on Friday that geopolitical and economic risks were clouding its outlook despite another surge in profits due to a saturated shipping market. French-based CMA CGM, one of the world’s largest container lines, reported a net profit of $7.2 billion for the...

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In direct response to the maritime crisis, the Secretary-General of the International Maritime Organization (“IMO”) convened an Emergency Task Force (“ETF”) to attempt to minimize the danger to the shipping industry and the extreme health risks to crewmembers stranded...

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 Lebanon warned Israel on Sunday against any “aggressive action” in disputed waters where both states hope to develop offshore energy after a ship arrived off the coast to produce gas for Israel. President Michel Aoun said any activity in...

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