Shipowners News

Bloomberg reports that, ahead of Friday’s vote at the IMO, Andrew Forrest, the billionaire founder and chair of Fortescue Metals Group, decried what he said were “intimidatory tactics” impacting delegates’ ability to vote their conscience.“As a global industrialist and philanthropist, I stand ready to support any country or individual being blackmailed or threatened,” Forrest said in a message to negotiators at the UN. “I am committed to working with others to ensure that justice prevails and bullying tactics do not win out.”Still…

Heads of seven shipping associations have called for the IMO to adopt its Net-Zero Framework (NZF) at the crucial vote in October. Anything else would be a major setback for the green transition and risk leaving the industry with a complicated patchwork of regional climate regulations.Next week the 176 members of the IMO will convene in London to formally adopt the historic agreement on binding climate regulation of the shipping industry agreed upon in April.Danish Shipping along with six other shipping associations calls for the adoption of the IMO Net-Zero Framework.

CMB.TECH has successfully completed the stock-for-stock merger between Golden Ocean Group Limited and CMB.TECH Bermuda, a wholly-owned subsidiary of CMB.TECH, with CMB.TECH Bermuda Ltd. as the surviving company, and with CMB.TECH as the issuer of the merger consideration shares. CMB.TECH has issued 95,952,934 new ordinary shares by means of a capital increase by contribution in kind. These shares will be delivered to former holders of Golden Ocean shares as merger consideration at the exchange ratio of 0.95 ordinary shares of CMB.TECH for each common share of Golden Ocean.

Klaveness Combination Carriers (KCC) delivered higher Time Charter Equivalent (TCE) earnings per on-hire day than standard market rates in Q4 2024, the company reported: despite weaker product tanker and dry bulk markets in late 2024 and early 2025, KCC reported an EBITDA of $20.2 million and an Earnings Before Tax (EBT) of $8.6 million for the quarter.KCC operates a fleet of 16 combination carriers designed for transporting both wet and dry bulk cargoes. These vessels optimize efficiency by minimizing ballast voyages and capitalizing on trade imbalances…

The European Community Shipowners’ Associations (ECSA) has welcomed the Bulgarian Shipowners Association as a full member as of January 1, 2025.The Bulgarian Shipowners Association (BSA) becomes the 22nd member of ECSA.“We are proud to welcome the Bulgarian Shipowners Association as a new member of ECSA. The new association extends the geographical scope covered by our membership, brings additional expertise and knowledge, and further strengthens the position of European Shipowners in Brussels…

China has granted visa-free entry for Danish citizens.The move was announced earlier this year when Danish Foreign Minister Lars Løkke Rasmussen met with his Chinese colleague Wang Yi during the UN General Assembly in New York.From November 8, 2024 to December 31, 2025, Danish passport holders can travel visa-free to China for up to 15 days for business trips, tourist visits, family visits or transit.China is Danish shipping's largest market, so visa freedom is a great help, making trade and travel easier for the Danish shipping companies…

Ursula von der Leyen has been re-elected as President of the European Commission. Her political manifesto, presented shortly before the election, matches all the priorities of Danish Shipping for 2024-2029.Danish Shipping welcomes her continued prioritizing of the green transition, industrial policy, and competitiveness. Within 100 days, the Commission will present a Clean Industrial Deal aimed at accelerating emission reductions, faster rollout of green energy, and cheaper prices for green energy and fuels.In other words…

The International Chamber of Shipping (ICS) Board of Directors has unanimously re-elected Emanuele Grimaldi, President and Managing Director of Grimaldi Euromed SpA, as Chairman of the Board.Grimaldi will continue as Chairman for another term of two years.“I am deeply honored to have been re-elected as Chairman of the ICS for another two years. It is a privilege to be part of this important association and the great work and progress being made for our industry. We have made good…

German shipowners' group VDR on Tuesday urged the Berlin government to provide legislation implementing European Union requirements to include the sector in the bloc's carbon trading system.The government is behind in transforming an EU agreement late in 2022 to require shipowners to buy EU carbon permits to trigger investment in greener technologies, into national legislation, VDR said at its annual press conference."For us, the cornerstone of our operations is not only planning certainty but also the assurance of uniform competitive conditions on an international scale…

The European Commission has published its proposal for a 2040 climate target: greenhouse gas emissions must be reduced by 90% by 2040 at the latest, receiving positive feedback from European shipowners.The shipowners welcome the strong commitment of the Commission to address “barriers to the deployment of low- and zero-emissions fuels including e-fuels and advanced biofuels” in shipping and to give the sector “priority access to these fuels over sectors that have access to other…

The European Community Shipowners’ Associations (ECSA) has welcomed the Polish Shipping Association as a full member as of January 1, 2024.The Polish Shipping Association brings together the Polish Shipowners’ Association (ZAP) and the Polish Shipping Companies Association (PZPŻ).“We are proud to welcome the Polish Shipping Association as a new member of ECSA. The Polish Shipping Association extends the geographical scope covered by our membership, brings additional expertise and knowledge…

Angad Banga of the Caravel Group was elected as new Chairman of the Hong Kong Shipowners Association (HKSOA). He succeeded Wellington Koo, of Valles Steamship Co., Ltd, who stepped down after completing his two-year term as Chairman of the HKSOA.Banga has also taken over the Chairmanship of Asian Shipowners’ Association (ASA) at the same time. Banga’s tenure as Chairman of ASA will come to an end on the day of ASA’s next AGM to be held in Hong Kong on 28 May 2024.

Angad Banga of The Caravel Group was elected Chairman of the Hong Kong Shipowners Association at the organization’s annual meeting held on November 22, 2023.Banga succeeds Wellington Koo, of Valles Steamship, who stepped down after completing his two-year term as Chairman.Richard Hext of Swire Shipping was elected Deputy Chairman, succeeding Banga. Qian Weizhong of COSCO Shipping (Hong Kong) and Wang Yongxin of China Merchants Energy Shipping Company Limited were re-elected as the Vice Chairmen.Koo…

BIMCO’s Chief Shipping Analyst, Niels Rasmussen, has revealed that Greek and Chinese shipping companies now own 34% of the global fleet’s cargo capacity, with Greek owners leading on cargo capacity.“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships owned by Greek and Chinese shipping companies contribute 34% of the total fleet’s deadweight tonne capacity,” says Rasmussen.Although consolidation has been significant within the container shipping segment…

The Association of Panamanian Shipowners (ARPA) has become an associate member of the International Chamber of Shipping (ICS).Launched in 2020, ARPA was created by shipowners and operators of vessels to strengthen Panama’s shipping industry by offering quality support, professionalism, credibility, and active contribution to the social economic and environmental improvement of the country.This membership will build on the relationships across the maritime sector as the industry continues to work together to find solutions to collective issues including piracy…

The International Chamber of Shipping (ICS) welcomed the China Shipowners’ Association (CSA) as a Full Member from January 1, 2023. The CSA will join the ICS Board, which oversees the policy positions ICS presents on behalf of shipowners’ worldwide with the shipping industry’s global regulators, including the UN International Maritime Organization and the International Labor Organization. Established in 1993, the China Shipowner’s Association (CSA) is a voluntary trade organisation whose members are owners…

UECC has emerged as a leader in regards to decarbonization, with an order earlier this year for its third LNG battery/hybrid Pure Car/Truck Carrier (PCTC). Glenn Edvardsen, CEO, discusses the strategy and the future for this Oslo-based ship owner.Glenn, to start, can you give a by-the-numbers overview of UECC?United European Car Carrier is a pan-European trading carrier, trading up to the Baltic, as far east as Turkey and down to north Africa. We operate about 18 vessels (of which) UECC-owns six, ranging from (a capacity of) 5,000 cars down to 1,000.

With the current international efforts to contain the spread of COVID19, travel restrictions are in place globally. However, ASA has determined that it is not an obstacle to have Yuichi Sonoda picked up his role as ASA newly appointed Sec-Gen with effect from May 1, 2020. This is a role he is thoroughly familiar with. As he had served as ASA Sec-Gen during the period between 2010 to 2014, he was instrumental in numerous initiatives and conferences.Involving in the work of ASA since its inception in 1992, (known then as Asian Shipowners’ Forum : ASF) Yuchi Sonoda had been tirelessly supporting and promoting ASA's vision and missions. In 1996, he was appointed as the Secretary of Shipping Economics Review Committee (SERC), one of the five Standing Committees of ASF.

As the Middle East, and freedom of navigation issues come into sharper focus, today we look at the Top Middle Eastern vessel owning countries by fleet value, according to research by VesselsValue. To be succinct: the United Arab Emirates (UAE) dominates.