EU Environment Ministers adopted this week the Council position on the revision of the EU Emission Trading System (ETS) and the inclusion of shipping in the scheme, as part of the ‘Fit for 55’ package. ECSA welcomes the Council’s strong support on the mandatory...

Read More

The International Association of Classification Societies (IACS) has issued its recommendations to support consistent implementation of EEXI. The IACS guidance Rec.172 provides details on the interpretation and implementation of IMO’s Energy Efficiency Existing Ship...

Read More

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today announced that it has entered into an agreement for a new amortizing term loan facility of up to approximately US$31.9 million with Piraeus Bank S.A. (the...

Read More

The Biden administration opened the door to selling new oil and gas drilling leases in the Gulf of Mexico and Alaska in a move likely to anger climate activists pushing to see a domestic ramp down for fossil fuels. The Interior Department is proposing as many as 11...

Read More

Leading Classification Society ClassNK released a comprehensively revised version of Part C of its Rules and Guidance for the Survey and Construction of Steel Ships setting the requirements for hull structures on 1 July 2022. ClassNK is constantly revising its Rules...

Read More