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Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, yesterday reported net loss and net loss from continuing and discontinued operations attributable to common stockholders of $2.9 million for the first quarter of 2021, compared to net income and net income from continuing and discontinued operations attributable to common stockholders ...

Photo: Evangelos Mpikakis - Unsplash Shipping is indispensable for delivering the world’s needs and wants. Yet, just as the oil, coal, and steel sectors have faced pressure in recent years, our role in the climate crisis is now under much closer scrutiny. Mathieu Philippe, Commercial Director, Bureau Veritas Marine & Offshore | May 14, 2021 Not so long ago, we might have derided sustainability as just a buzzword. But climate change is not a challenge that we can sidestep or wait for others to tell us what to do. Each of us has a role to play in tackling ...

Ports Australia signs Neptune Declaration Ports Australia has signed the Neptune Declaration, joining more than 800 companies worldwide with a shared responsibility of collaboration to overcome the seafarer crew change crisis. Hundreds of thousands of seafarers who bear the load of roughly 90% of world trade have been stranded aboard ships throughout the pandemic because of the widespread inability for crew changeovers to occur or for shore leave to be granted. As per Global Maritime Forum’s website: The Neptune Declaration urges the implementation of four main actions to address the crisis...

Photo: Wilhelmsen Crew change in Singapore A group of high-profile charterers have released a set of best practices for charterers to help facilitate crew changes. The recommendations, published by the Global Maritime Forum, are designed to help both long- and short-term charterers put into action the recommendations of the Neptune Declaration on Seafarer Wellbeing and Crew Change. The Neptune Declaration was signed by over 800 companies to address the COVID pandemic’s impact on seafarers, and urges that: seafarers be recognised as key workers; gold standard health practices are establi...

New Neptune Declaration Crew Change Indicator takes the temperature of the crew change crisis Data from top 10 ship managers on their seafarers is the basis of an indicator which provides up-to-date information on the impact of the crew change crisis and will allow for the monitoring of developments over time. The Neptune Declaration Crew Change Indicator is part of the ongoing efforts that a multi-stakeholder taskforce is undertaking to resolve the situation. Well into the second year of the coronavirus pandemic, the crew change crisis remains unresolved. Despite the concerted efforts by int...