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Response vessels continue to recover oil while shoreline teams continue to mitigate impacts.

Trade lanes will come to a halt if the U.K. exits the EU on October. 31, believes the Secretary-General of the European Shippers Council.

Shanghai Stock Exchange-listed China Merchants Energy Shipping (SSE:601872) is engaging in a new private share placement of up to 4.1 billion Chinese Yuan to fund a fleet renewal program.

Maritime startup Neoline is working along with the Renault Group to develop transatlantic vessels that use sails as the primary propulsion system and travel at the speed of 11 knots – a move that could reduce fuel consumption by atleast 80%.