Shipping
Positive results for Pacific Basin despite weaker freight market
(Posted on 15/08/25)Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has announced the unaudited results of the Company and its subsidiaries for the six months ended 30 June 2025.Mr. Martin Fruergaard, CEO of Pacific Basin, said: “In the first half of 2025, we generated an underlying profit of US$21...
Swedish Club: Geopolitical volatility is new normal for marine insurance
(Posted on 14/08/25)The shipping industry must accept that geopolitical instability is now a permanent part of the operating environment, according to Thomas Nordberg, Managing Director of The Swedish Club.With global tensions affecting shipping routes, contract structures and investment markets, the role of marine insurers is shifting. The Swedish...
Diverse vessel and market portfolio provides resilience for Algoma
(Posted on 11/08/25)Algoma Central Corporation has reported its results for the three and six months ended June 30, 2025. Algoma reported second quarter revenues of $211,715, compared to revenues of $180,968 in 2024. Net earnings for the 2025 second quarter were $32,883 compared to net earnings of $17,464 in 2024. EBITDA was $72,582 in the second quarter...
Columbia: Compliance must be more than box-ticking exercise
(Posted on 11/08/25)The International Maritime Organization’s Maritime Safety Committee (MSC) has sent a clear message: the ISM Code is overdue for serious reform.The committee has called for a comprehensive overhaul of the guidelines governing safe ship management—guidelines that, despite their critical importance, no longer reflect the...
DNV and RSI complete study on decarbonising short sea dry bulk fleet
(Posted on 07/08/25)Amid increasing pressure on shipping to achieve the IMO 2050 decarbonization targets, the Responsible Shipping Initiative (RSI) and DNV have completed a new study: "Decarbonization of the short sea dry bulk fleet", co-funded by the Swedish Transport Administration. The study finds that while Swedish cargo owners and charterers are...
London P&I Club warns industry over incorrect FIBC loading
(Posted on 04/08/25)The London P&I Club has renewed calls on ship owners, operators and charterers to address potential risks when loading Flexible Intermediate Bulk Containers (FIBCs) containing dry chemicals. The warning follows a number of incidents reported across the industry including hold fires and cargo damage in bulk carriers and general...
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