2010 Cape Sold by NGM Energy for $32.5m
In its latest transaction, NGM Energy has offloaded a capesize vessel constructed in 2010 – which it acquired four years ago for $18 million
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Joint Service at Rio de Janeiro Suspended by CMA CGM, Maersk
Maersk and CMA CGM have informed their clients of changes to their combined Bossa Nova/SIRIUS service that links the Med to South America.
Latsco Shipping Books Four LR2 Tankers in S. Korea
Latsco Shipping, based in Greece, has placed an order for four LR2 tankers with Hyundai Mipo Dockyard in South Korea.
Sanko Steamship Says Goodbye to Last Vessel
Sanko Steamship has sold its final vessel, the three-year-old, 82,000 deadweight tonnage, Tsuneishi-built Sanko Hawking.
War-Time Grain Exports Record Set by Ukraine
Over 1,000 merchant vessels have navigated through Ukraine's grain corridor in the Black Sea, established seven and a half months ago.
Two Oldest Vessels Sold Off by Swire Bulk
According to brokerage reports, Swire Bulk from Singapore has recently sold its two oldest vessels, namely the Lintan and the Liangchow.
Leadership Changes at China's SITC International Holdings
Yang Shaopeng resigns as chairman of SITC International Holdings, initiating a leadership restructure at China’s second-biggest shipping company
London Sees Founding of Nuclear Energy Maritime Organization
The push for nuclear power's expansion into maritime uses is gaining momentum with the formation of the Nuclear Energy Maritime Organization in London.
Robust Secondhand Market Aids Safe Bulkers Sale of Two Ships
Safe Bulkers progresses with fleet renewal strategy and capitalizes on increasing prices by selling two of its vessels in separate transactions.
Shuttle Tanker Newbuild Order in South Korea by TEN
Tsakos Energy Navigation, a Greek shipping firm, has again chosen Samsung Heavy Industries for the construction of additional shuttle tankers.
Volkswagen Sued by Allianz & MOL Over Felicity Ace Sinking
Owner of the Felicity Ace and its insurance provider have initiated legal action against Volkswagen, attributing her sinking to the car manufacturer
MoU for Digi Shipping Corridor Signed by Australia, Singapore
Singapore & Australia enter into MoU to jointly work on the development of the Singapore-Australia Green and Digital Shipping Corridor (GDSC).
Engine Failure Results in 6-Day Towing for Boxship
MSC KATYAYNI experienced engine failure and required towing over a span of six days from a location approx. 300 nautical miles off Vigo, Spain.
Doubled Market Share for Non-Alliance Liners
Presence of independent shipping lines in the Asia-Europe trade route has seen a significant increase, with market share doubling within a year.
Sanctions Intel Added to Platform by RightShip
The ship vetting service RightShip is enhancing its offering by providing its users with critical information on sanctioned entities and vessels.