Latest News for: Shipowners

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Streetwise: Why shipowner savings on ESG-linked loans have been ‘token’ to date

Tradewinds 19 May 2022
When Connecticut’s Eagle Bulk Shipping trotted out its annual environmental, social and governance (ESG) report this month, there was one concrete development that seemed to stand out above others ... So good news all around, right? ... “Wow, 10 bps ... Banks are not offering more relief on loan margins because shipowners are not offering more, he explained ... .
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Shipowners and unions agree new three-year minimum wage deal for seafarers

Splash24/7 18 May 2022
Shipowners and seafarer unions have agreed on a new three-year global minimum wage ‘safety net’ deal ... During the previous round of talks, which concluded at the UN ILO in September last year, shipowners and seafarers set the minimum wage at $648 from July 1, 2022 ... shipowners group.
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Shipping is ‘beacon of stability in a volatile global environment,’ shipowners’ union chief says

Ekathimerini 12 May 2022
Shipping continues to operate as “a beacon of stability in a volatile global environment,” the president of the Union of Greek Shipowners, Melina Travlos, said on Thursday ...Today it represents a 21% of the world’s tonnage and 59% of the EU fleet ... [AMNA] .
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Smaller shipowners ought to be concerned by today’s P&I merger mania

Splash24/7 12 May 2022
The IG was established for the benefit of all shipowners no matter what their size, the fear is that the way that the IG may be heading, the chances are that bigger clubs will be dominated by bigger members and that the interests of the smaller and medium-sized owners will become less relevant. .
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Nigeria’s BUA Foods becomes a shipowner

Splash24/7 10 May 2022
The first ship to enter the fleet has been named Bundu after the area in which the sugar refinery is located. The 2003-built ship is 16,765 dwt ... These new vessels will create operational efficiencies in our business and open possibilities for new services.” ... .

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