Navios' Angeliki Frangou

Executives and analysts are increasingly pointing to potential for ageing Very large ore carriers to be withdrawn for safety reasons following the sinking of the Stellar Daisy – a possible plus for rates.


Linda Fagan, the Coast Guard’s Deputy Commandant for Operations, Policy, and Capabilities

President Trump's directive to eliminate burdensome federal regulations is a significant undertaking for the US Coast Guard, which is struggling to balance government efficiency with maritime safety. 


Drones could be used by piracy gangs to attack global shipping.

Global shipping could be targeted by piracy gangs using drones and cyber attacks, a leading insurance broker has warned.


 Port of Valencia

The dockers, who had been due to start industrial action this week, have cancelled the strikes they were due to stage on 24, 26, 29, 31 May, and 2 June.


Marcus Baker, chairman of Marsh’s Global Marine Practice

Broker Marsh wants ship and cargo owners to be more aware of emerging threats.


South Korea's Daewoo Shipbuiliding and Marine Engineering.

A single investor stands in the way of Daewoo Shipbuilding & Marine Engineering’s creditor-led restructuring.


Vallianz CEO Ling Yong Wah. Credit: Vallianz

Vallianz records a net loss of USD158 million for the 15 months ended 31 March 2017 due to a USD215 million asset write-down. 


Aristofanis

Hyundai Merchant Marine has reportedly sold its Capesize bulk carrier amid rising asset prices.


Kawasaki Heavy Industries

Japan’s Kawasaki Heavy Industries is shedding more jobs following its decision to shift shipbuilding work to its joint-venture yard in China as it battles to survive amid a slowdown in global business.


Mariella Bottiglieri, MD of Giuseppe Bottiglieri Shipping Company, says the company will issue a statement on its position shortly.

Giuseppe Bottiglieri Shipping has yet to reveal whether a solution to its financial problems has been found.