Unlikely that the US will offer exemptions in the new sanctions regime against Iran, a New York law firm partner told IUMI delegates.
Hong Kong asset investor SC Lowy is targeting German banks as a prime opportunity after acquiring the bad shipping loan portfolio of Italy’s Banca Monte dei Paschi di Siena.
Vessels may be unable to access ports while seafarers may also be barred from operating in certain nations in the event of a full-blown trade war.
Former Transas CEO to replace Simon Doughty, who announced his decision to step down from ship management company earlier this year.
A predicted recovery in the next few weeks would mirror the rebound in 2016 when freight rates for Very Large Crude Carriers soared from around USD15,000 per day in September 2016 to about USD64,000 per day in two or three months later.
Call for marine insurers to address the current formation of war and strike clauses in an effort to halt the tide of litigation.
Marikanis-led Capital Group has placed an order for two Aframax tanker newbuilding with South Korean yard Daehan Shipbuilding.
The owners of eight unidentified South Korean bunker trading companies allegedly ran a tax scam that netted them nearly USD1 billion.
The sale of vessels for scrap has triggered speculative offers from cash buyers on the back of strong steel prices.
Underwriters will challenge the tide of cases involving inaccurate or incomplete cargo labelling, IUMI committee chief warned.
The speculation prompted Evergreen to put out a statement to the Taiwan Stock Exchange.
Antong Holding will raise funds to expand its container ship fleet and construct two logistic parks.
IUMI Ocean Hull Committee chair has warned that the industry faces the threat of a prolonged soft market.