Green Marine
MODEC Downgrades Profit Forecast for 2019, Announces New Deals
MODEC revised its consolidated forecast for 2019 amid the recording of extraordinary loss.
Diana Offloads Capesize, Finds Work for Kamsarmax
Diana Shipping has disposed of a Capesize vessel and inked a time charter contract for a Kamsarmax bulker.
Euronav Taps Into Market’s Best Quarter in 10 Years
Belgian tanker shipping major Euronav has enjoyed strong tanker dynamics in the fourth quarter of 2019.
Fire Breaks Out on Supertanker off Dubai, Crew Safe
A fire erupted on board a very large crude carrier identified as Zoya 1 off the UAE coast.
Coronavirus Sailing Cancellations Start to Hurt Royal Caribbean’s Earnings
Royal Caribbean Cruises has suspended three more sailings on Spectrum of the Seas, homeported in China.
International Seaways Nets USD 390 Mn for Refinancing
International Seaways has closed on senior secured credit facilities worth a total of USD 390 million.
Six Seafarers on CMA CGM Ship Reported Ill
Six crewmembers onboard a CMA CGM ship have been reported ill, with the possibility of coronavirus infection.
Genco Wraps Up Scrubber Program
Genco Shipping & Trading has completed its scrubber program comprising seventeen Capesize vessels.
General Average Declared on Fire-Stricken Northern Jupiter
The ship experienced a main engine fire while it was sailing from Singapore to Port Klang on January 4, 2020.
CSAV Ups Stake in Hapag-Lloyd
CSAV has acquired an additional stake in Hapag-Lloyd, becoming the majority shareholder in the German shipping major.
Study: LNG as Marine Fuel not Such a Cool Choice?
Study: LNG might not reduce greenhouse gas emissions on a life-cycle basis.
Seafarer Happiness Down amid Stress over New Regulations, Increase in Racism
Workload stress caused by changes in regulations among key reasons impacting the seafarers’ happiness level.
Tanker Revenues Boost Performance Shipping’s Earnings
Performance Shipping reported revenue growth in Q4 2019, which was mainly driven by tanker earnings.
Costamare Modernizes Fleet, Enjoys Higher Rates
Costamare buying larger and younger ships.