News

News

Intermodal

December 4, 2019

Dry bulk freight rates rebounded last week, a development that came as a relief following the recent negative sentiment that prevailed in the market for...
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GSL

December 3, 2019

Global Ship Lease announced that in connection with the Company’s previously announced registered underwritten public offering of its 8.00% Senior Unsecured Notes due 2024, the...
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danaos

December 3, 2019

Danaos announced that the underwriters of its previously announced public offering of common stock, which closed on November 26, 2019, have partially exercised their option...
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Qingdao Port

December 3, 2019

China-based Qingdao Port International Development has agreed to purchase a 33% stake in COSCO Shipping Ports (Abu Dhabi), a deepwater terminal located in Khalifa Port,...
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Nautilus

December 3, 2019

Maritime professionals' union, Nautilus International, has issued a warning over a potential new wave of seafarer criminalisation when the much-debated new global curbs on Sulphur...
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samsung-heavy

December 3, 2019

Samsung Heavy Industries, a major shipbuilder in South Korea, said it has won a 187.5 billion-won ($158 million) order to build a two ice-class oil...
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Diana Shipping

December 3, 2019

Diana Shipping reported net income of $1.8 million and net income attributed to common stockholders of $0.3 million for the third quarter of 2019. (more…)
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Diana-Containerships

December 3, 2019

The Baltic Exchange’s main sea freight index rose for a seventh consecutive session, helped by growing demand for ships across vessel segments. (more…)
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drewry

December 3, 2019

Underlying vessel operating cost inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend, while looking ahead costs are expected to continue...
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Wärtsilä

December 2, 2019

The technology group Wärtsilä, and Silverstream Technologies, the leading air lubrication solution provider, announced the signing of a Licence and Co-operation Agreement for future sales...
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Single-use plastic and school of fish in a shallow reef. Plastic is a major contributor of pollution in the ocean.

December 2, 2019

The World Wildlife Fund has indicated huge shortcomings in the protection of the Mediterranean’s marine and coastal environment, despite commitments made in recent years by...
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bunkering_singapore

December 2, 2019

Fears about a shortage of diesel and other middle distillates stemming from new marine pollution regulations have receded, with distillate premiums falling to some of...
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December 2, 2019

Ship owners are waiting longer and paying more to refuel at the Asian hub of Singapore as the industry scrambles to prepare for the implementation...
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DELTA

December 2, 2019

The manager of an oil tanker being probed by Brazilian authorities in connection with an oil spill off the country’s coast has found “no proof”...
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japan_shipyard

December 2, 2019

The top two Japanese shipbuilders, Imabari Shipbuilding and Japan Marine United, are forming an alliance to navigate a global industry in flux amid blockbuster mergers...
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