Shipping’s capital providers should take a close look at the residual values of financed assets, warned Dr Anil Sharma, founder and ceo of GMS, the world’s largest cash buyer of end-of-life ships, during a webinar on ship recycling regulations...
With the apparent backing of the US Navy’s 6th Fleet, Greece’s shipyard sector received several boosts this month when US-backed Onex Group signed an agreement “in principle” to take over the management of debt-laden Elefsis Shipyard, Greece’s...
The financially troubled Chinese container shipping company Antong Holdings has announced that the company has a potential investor in the shape of China Merchants Port to fund its restructuring.
Hong Kong–based Brightoil announced the dismissal of winding-up petitions filed by Petco.
Indonesia’s Samudera Shipping Line has more than tripled its profit in the first half amid the coronavirus (COVID-19) pandemic as the line managed to control operating costs, even as revenue fell.
At the beginning of 2020 lending to shipping by the world’s top 40 ship financers was at its lowest level in more than a decade and global ship finance is expected to remain constrained in 2020/2021 in the absence of new positive factors.
Dorothea Ioannou is stepping up to take on the role of deputy chief operating officer at Shipowners Claims Bureau (SCB), the New York-based management company of the American Club.
The shipping world is in the midst of an information revolution, with massive of amounts of data - some useful, some not - being made available.
Former Euronav ceo Paddy Rodger, who left the tanker company in early 2019 to take up his current role as director at Royal Museums Greenwich, has joined the board of Dr Ravi K Mehrotra’s Foresight Group as non-executive director of the shipping...
Latest International Salvage Union statistics for 2019 show that while ISU members’ business held up well in 2019, use of Lloyd’s Open Form (LOF) ‘no cure, no pay’ contracts dropped to an all-time low.