Half of Island Offshore's fleet was idle in the first quarter

Weak markets and idled vessels hurt the offshore carrier in the first quarter, which ended with red numbers on the bottom line. The plan to land a deal with the company's lenders is taking longer than initially expected.

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Nordic shipowners see multiple problems with speed limit

Danish Shipping and the Norwegian Shipowners' Association think that there are many potential pitfalls in implementing a speed limit for vessels in order to reduce their greenhouse gas emissions. The discussion of a speed limit was instigated by the new ECSA chairman.

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