'Solid' results reported by Sovcomflot in 2016, says CEO Sergey Frank as the both the company's profit and revenue dipped.
HSH has granted the trust a matter of weeks to present a concept that ensures a higher level of total recoveries than would occur under a winding-up scenario, Rickmers Maritime said.
The consortium was created in response to the need for far more bespoke insurance needs of shipyard clients.
Panoil Petroleum had five of its bunker tankers suspended after the Maritime and Port Authority of Singapore’s inspections indicated that there were irregularities with the piping system in the mass flow meter.
The South Korean government has been reviewing an additional restructuring plan with DSME’s creditors, under several preconditions.
Bankers at the Capital Link shipping forum in New York have highlighted this year’s rebounding public market access for shipping, particularly in the dry bulk and LNG sectors.
Bullishness on the dry bulk sector was the prevailing theme at the Capital Link shipping forum in New York, with fewer-than-usual fears that a newbuild renaissance will smother a nascent recovery.
VLGC rates continue to face downward pressure amid low scrapping and weak arbitrate opportunities caused by low LPG prices.
Baltic Dry Index recovery encourages ship sales, allowing shipowners to buy more vessels.
New guidance on cyber risk management coming from the US Coast Guard aimed specifically at terminal operators could be a guide for vessel operators looking to install a cyber risk management scheme through their safety management systems.