Ezra has just days left to settle its debts.

Ezra Holdings has received a statutory demand by VT Halter Marine over USD3.3 million owed by EMAS Chiyoda Subsea. 

Israel Electric Company CEO appointed to succeed Rafi Danieli but the boxship owner is now on the hunt for a new chief financial officer

India port containers

Global container shipping lines are fighting an Indian customs department directive requiring them to register and agree to act as customs cargo service providers for custody of imported or export goods and for handling of such goods in a customs area.

SS Nujoma

SS Najoma was constructed in Norway by Kleven Verft, using a designfrom the offshore construction sector and adapted for deepwater mineral exploration.

A Torm tanker

Last year supply outstripped demand, but a fall in newbuildings and new vessels entering service looks set to tip the balance over the next two years, Torm predicts.

Fishing boats in the Spanish port of Valencia

Unions called off the latest strike threat in response to the Spanish government’s decision not to submit its dock labour reform decree to parliament.

It has been in the works for more than a year, but Anglo Eastern Ship Management will open its first crew recruiting centre in China on 31 March.

An Ezion rig. The company is in talks with Swissco to take over four rigs they co-own. Credit: Ezion

Ezion Holdings and Swissco are currently in talks for Ezion to take over four rigs they co-own. 

DSME shipyard

Prosecutors are accusing Nam, who headed the cash-strapped DSME from 2006 to 2012, of falsifying the shipbuilder’s financial statements to inflate earnings figures.

Hanjin Xiamen

Hanjin collapse presents a heightened risk and raises concerns about reliability as bunker trading companies take a cautious approach