The handysize bulk carrier, Rubymar, flagged in Belize, eventually foundered early on Saturday morning two weeks after being struck by a Houthi-fired anti-ship ballistic missile on February 18.
Eastern Pacific Shipping (EPS) has ordered a total of six newbuilds from two shipyards of China State Shipbuilding Corporation (CSSC).
Japan, China and Greece continue to dominate shipowning nations both in fleet size and fleet value according to Veson Nautical’s VesselsValues.
Yet another attack on commercial vessels in the Red Sea/Gulf of Aden region, this time on the US flagged chemical tanker Torm Thor, again emphasises the difficulty in protecting trading routes from missile and drone attacks.
Hong Kong headquartered Cetus Maritime is extending its strategy of consolidation in the handysize dry bulk sector through a deal with South American based Nachipa.
A Houthi missile found its target some 70 nm south of Aden causing minor damage and a minor injury to a crew member, according to reports from US Central Command (CENTCOM).
Who is responsible when a major casualty occurs and should top executives take the rap when the company is found negligent?