Freight rates to ship U.S. crude to Asia continued to surge, with costs to charter a supertanker rising to a record $12 million on Thursday, shipping sources familiar with the matter said.South Korea's top refiner, SK Energy, tentatively chartered the supertanker Maxim to ship U…
Connecticut-based maritime finance company FDX Offshore has acquired Singapore’s tanker pool operator Womar Logistics. Watson Farley & Williams (WFW) advised FDX Offshore on its acquisition.The partnership intends to expand its chemical tanker…
The Netherlands-based tank storage company Royal Vopak has completed the divestment of its terminals in Amsterdam and Hamburg to First State Investments. The divestment was announced on 5 April 2019.The total agreed transaction value of the…
Brittany Ferries has said the company is “ready, willing and able to assist” the UK government with Brexit freight capacity requirements following confirmation that the company is one of eight firms that have been appointed to the freight procurement framework…
Craig Jasienski, President & CEO of international RoRo shipping and transportation logistics specialist Wallenius Wilhelmsen, recently appointed as a member of the Women’s International Shipping & Trading Association (WISTA), has stated that…
Offshore contractor Gulf Marine Services has signed a waiver agreement with banks relating to covenants to be tested with reference to the company’s half-year financial results in an agreement that will provide GMS with a rollover of its existing $25 million working capital facility…
The maritime and offshore energy institutional investor OMP is acquitting of US$35m of Series G Redeemable Convertible Perpetual Preferred Shares of the Greek shipping company Tsakos Energy Navigation (TEN) in a private placement.Watson Farley…
The UN Climate Action Summit in New York (23 September) is giving global leaders the chance to show the world concrete proposals and tangible actions being taken in the fight against climate change.IMO Secretary-General Kitack Lim has been reporting…
An Iranian sailor held hostage by Somali pirates for more than four years has been released with the help of the United Nations and a humanitarian group, Iran's Foreign Ministry said on Saturday.Ministry Spokesman Abbas Mousavi thanked the Hostage Support Partnership group…
US authorities announced that South Korea's top shipbuilding conglomerate Hyundai Heavy Industries (HHI) will pay a US$47 million fine for illegally importing and selling dirty diesel engines in violation of American environmental rules.US Justice Department and and the U…
Norway based dry bulk shipping company Golden Ocean Group (GOGL) is planning to make a further investment in Singapore Marine Pte Ltd in connection with the acquisition of the majority of assets and operations of Swiss Marine by the latter.Swiss…
The Nautical Institute has published the second volume in its ‘Collecting Maritime Evidence’ series, which focuses on the collection and preservation of electronic evidence and how it can be used to understand the circumstances that led to a maritime incident…
The Australian Maritime Safety Authority (AMSA) has banned two foreign-flagged bulk carriers from Australian ports after their crews reported being underpaid.The Chinese-owned bulk carrier MV Xing Jing Hai and the Panama-flagged MV Fortune Genius were banned for 18 months and 12 months respectively…
Greek boxship owner Performance Shipping disclosed that it has received a noncompliance notification from the Nasdaq Stock Market.The notice was received from the regulator because the company's closing share price was below $1.00 per share for 30 consecutive days…
The international offshore drilling contractor Seadrill Partners LLC announced that it has been notified by the New York Stock Exchange that trading in SeaDrill's common units on the exchange has been suspended and the procedure to delist the units has been initiated…
