Green Marine
Chinese Joint Venture Sets Sights on Turkish Container Terminal
COSCO Pacific, China Merchants Holdings International (CMHI) and CIC Capital Corporation have, through their respective wholly-owned subsidiaries, formed a joint venture to acquire equity interests in Fina Liman and Kumport in Turkey. Fina Liman is an investment holding company whose only asset is i
Chinese Joint Venture Sets Sights on Turkish Container Terminal
COSCO Pacific, China Merchants Holdings International (CMHI) and CIC Capital Corporation have, through their respective wholly-owned subsidiaries, formed a joint venture to acquire equity interests in Fina Liman and Kumport in Turkey. Fina Liman is an investment holding company whose only asset is i
Seaenergy Takes First of Seven Secondhand Bulkers
Greek dry bulk specialist Seanergy Maritime Holdings has taken delivery of the first of seven second hand bulkers the company had arranged to buy for around USD 183 million in total back in August. The first dry bulk carrier in the series is the 170,024 dwt Capesize, which has been renamed M/V Premi
Seaenergy Takes First of Seven Secondhand Bulkers
Greek dry bulk specialist Seanergy Maritime Holdings has taken delivery of the first of seven second hand bulkers the company had arranged to buy for around USD 183 million in total back in August. The first dry bulk carrier in the series is the 170,024 dwt Capesize, which has been renamed M/V Premi
Fire aboard UASC Mega Ship Barzan, Cargo Delayed
A fire broke out on board one of the largest ships in the container shipping industry, the LNG-ready 18,000 TEU Barzan, owned by the United Arab Shipping Company (UASC), while under way to Felixtowe, UK. The fire was detected in the hold number two early Tuesday, while the ship was some 60 miles off
Fire aboard UASC Mega Ship Barzan, Cargo Delayed
A fire broke out on board one of the largest ships in the container shipping industry, the LNG-ready 18,000 TEU Barzan, owned by the United Arab Shipping Company (UASC), while under way to Felixtowe, UK. The fire was detected in the hold number two early Tuesday, while the ship was some 60 miles off
Global Maritime Investments Files for Chapter 11
Global Maritime Investments Cyprus Ltd. has filed for Chapter 11 bankruptcy protection, thus joining the club of dry bulk shipping companies that were unable to brave the major downturn in the dry bulk market. The Chapter 11 process is aimed at liquidating the company’s business. According to the co
Global Maritime Investments Files for Chapter 11
Global Maritime Investments Cyprus Ltd. has filed for Chapter 11 bankruptcy protection, thus joining the club of dry bulk shipping companies that were unable to brave the major downturn in the dry bulk market. The Chapter 11 process is aimed at liquidating the company’s business. According to the co
Diana Containerships Clinches USD 148m Bank Loan
Nasdaq-listed containership owner Diana Containerships Inc. has signed a six-year term loan facility with The Royal Bank of Scotland plc for up to USD 148 million. As informed, the loan will bear interest at the rate of 2.75% over LIBOR. Diana said that it has completed a drawdown of USD 122.5 milli
Diana Containerships Clinches USD 148m Bank Loan
Nasdaq-listed containership owner Diana Containerships Inc. has signed a six-year term loan facility with The Royal Bank of Scotland plc for up to USD 148 million. As informed, the loan will bear interest at the rate of 2.75% over LIBOR. Diana said that it has completed a drawdown of USD 122.5 milli
DFDS Takes Over Damaged MyFerryLink Duo
Danish shipping company DFDS has finally taken over two Ro-Pax ferries previously operated by MyFerryLink after a two month delay in the delivery of the vessels which were occupied and damaged by the operator’s French workers. Workers of the MyFerryLink, represented by SCOP-SeaFrance, had blocked th
DFDS Takes Over Damaged MyFerryLink Duo
Danish shipping company DFDS has finally taken over two Ro-Pax ferries previously operated by MyFerryLink after a two month delay in the delivery of the vessels which were occupied and damaged by the operator’s French workers. Workers of the MyFerryLink, represented by SCOP-SeaFrance, had blocked th
Bulker Collides with Fishing Boat off Malaysia
Bahamas-flagged bulk carrier M/V Venus, managed by Greece-based Super Eco Bulkers, collided with a fishing vessel on Tuesday, off the coast of Malaysia in the South China Sea. The bulk carrier came in contact with a fishing boat named AMROS on starboard side on September 14, 2015 at 10:20 a.m., Supe
Bulker Collides with Fishing Boat off Malaysia
Bahamas-flagged bulk carrier M/V Venus, managed by Greece-based Super Eco Bulkers, collided with a fishing vessel on Tuesday, off the coast of Malaysia in the South China Sea. The bulk carrier came in contact with a fishing boat named AMROS on starboard side on September 14, 2015 at 10:20 a.m., Supe