Edition:
United States

Jonathan Saul

Citigroup's new shipping finance chairman to deepen environmental focus

8:48am EDT

LONDON Citigroup's veteran shipping finance banker Michael Parker is to become chairman of the bank's shipping & logistics business, a role which will include bolstering the lender's environmental focus in the sector, Citi said on Thursday.

Billigflaggenstaaten winken beim Iran immer öfter ab

Jul 30 2019

London/Dubai/Panama-Stadt Sie waren gerade mitten auf dem Weg vom Iran rund um Afrika ins Mittelmeer, als die Seeleute an Bord des Öltankers Grace 1 die Flagge Panamas einholen mussten.

Flags of inconvenience: noose tightens around Iranian shipping

Jul 26 2019

LONDON/DUBAI/PANAMA CITY Somewhere on its journey from the waters off Iran, around Africa's southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and ceased to be registered to Panama. Iran later claimed it as its own.

Britain begins escorting all UK vessels through Hormuz Strait

Jul 25 2019

LONDON Britain has started sending a warship to accompany all British-flagged vessels through the Strait of Hormuz, a change in policy announced on Thursday after the government previously said it did not have resources to do so.

Seeking to avoid escalation, ships deploy unarmed guards to navigate Gulf

Jul 17 2019

LONDON Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of attacks in the region, security companies involved said.

Merchant ships urged to avoid using private armed teams in Mideast Gulf

Jul 12 2019

LONDON Shipping companies sailing through the Middle East Gulf are being urged to avoid having private armed security guards onboard as the risk of escalation in the region rises, industry associations say.

Dry freight rates to ride high on ship fuel refits -Cargill

Jul 09 2019

* Baltic Exchange's main sea freight index has tripled since Feb

Hedge funds chart course through 'IMO 2020' storm

Jul 08 2019

LONDON Shipping companies, refineries, freight derivatives or diesel cracks? Investment funds are placing their bets as the shipping sector prepares for new rules limiting sulphur emissions from ocean-going vessels.

Tehran fumes as Britain seizes Iranian oil tanker over Syria sanctions

Jul 05 2019

LONDON/DUBAI British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran's fury and could escalate its confrontation with the West. | Video

Britische Marine stoppt iranischen Tanker wegen Syrien-Sanktionen

Jul 05 2019

London/Dubai Die britische Marine hat vor Gibraltar einen iranischen Öl-Tanker festgesetzt, der gegen EU-Sanktionen gegen Syrien verstoßen haben soll.

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