Executives and analysts are increasingly pointing to potential for ageing Very large ore carriers to be withdrawn for safety reasons following the sinking of the Stellar Daisy – a possible plus for rates.
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.
Global shipping could be targeted by piracy gangs using drones and cyber attacks, a leading insurance broker has warned.
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.
Broker Marsh wants ship and cargo owners to be more aware of emerging threats.
A single investor stands in the way of Daewoo Shipbuilding & Marine Engineering’s creditor-led restructuring.
Vallianz records a net loss of USD158 million for the 15 months ended 31 March 2017 due to a USD215 million asset write-down.
Hyundai Merchant Marine has reportedly sold its Capesize bulk carrier amid rising asset prices.
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.
Giuseppe Bottiglieri Shipping has yet to reveal whether a solution to its financial problems has been found.