The disastrous grounding of the 203,130 dwt capesize bulk carrier, Wakashio, built in 2007, is causing consternation in the marine insurance world.
Apollo Global Management, a well known player in the world of private equity investments in shipping, has now made a splashy move into the realm of offshore wind.
Vietnam National Shipping Lines (Vinalines) will officially begin operations as a joint stock company on 1 September and change its name to the Vietnam Maritime Corporation (VIMC).
Chile-based SAAM, the largest operator of port, towage and logistics services in the Americas, has placed a total of $50.6m in bonds on the local market at the Santiago Stock Exchange.
Dry bulk shipowner Safe Bulkers (SB) announced that it was initiating a programme for issuing up to $23.5 million of shares, at the market, sometimes called an “ATM” offering.
Hermitage Offshore Services and 28 of its subsidiaries have filed voluntary petitions for reorganisation under the US Chapter 11 of the Bankruptcy Code, amid the global oil slump and coronavirus (Covid-19) pandemic.
Financial leasing is the fastest growing form of ship finance and June this year saw Hong Kong introducing its new ship leasing tax concession initiative.
London remains by far the dominant centre for international maritime arbitration despite competition from Asia and the Middle East, according to a study by law firm HFW.
China’s Bestway Marine & Energy Technology has announced that several bank accounts of its subsidiary had been frozen.
China’s National Development and Reform Commission and Ministry of Transport jointly issued guidelines to speed up Tianjin’s development to be an international shipping hub in north China.