Green Marine
Eimskip’s Containership Suffers Steering Glitch
Eimskip’s containership M/V Lagarfoss experienced a malfunction on Wednesday evening while en route to Reykjavik, some 70 nautical miles south east of the Icelandic coast. The Icelandic shipping company said that the malfunction occurred in the vessel’s steering gear while under way. However, there
Eimskip’s Containership Suffers Steering Glitch
Eimskip’s containership M/V Lagarfoss experienced a malfunction on Wednesday evening while en route to Reykjavik, some 70 nautical miles south east of the Icelandic coast. The Icelandic shipping company said that the malfunction occurred in the vessel’s steering gear while under way. However, there
CMA CGM Gets First Guyanamax Ship
CMA CGM Group’s first vessel of the Guyanamax series, CMA CGM Cayenne, was delivered in South Korea on July 21st. This vessel is 190 meters long and 30 meters wide, and has 2,100 TEU containers capacity. It was built by the Korean shipyard Hyundai Mipo Dockyard and will be sailing under the UK flag.
CMA CGM Gets First Guyanamax Ship
CMA CGM Group’s first vessel of the Guyanamax series, CMA CGM Cayenne, was delivered in South Korea on July 21st. This vessel is 190 meters long and 30 meters wide, and has 2,100 TEU containers capacity. It was built by the Korean shipyard Hyundai Mipo Dockyard and will be sailing under the UK flag.
DHT Holdings Changes Dividend Policy
Crude oil tanker company DHT Holdings, Inc. is pursuing a new policy regarding dividend and capital allocation, under which it intends to return at least 60% of its ordinary net income, adjusted for extraordinary items, to shareholders. The switch in the payout policy comes amid extremely favorable
DHT Holdings Changes Dividend Policy
Crude oil tanker company DHT Holdings, Inc. is pursuing a new policy regarding dividend and capital allocation, under which it intends to return at least 60% of its ordinary net income, adjusted for extraordinary items, to shareholders. The switch in the payout policy comes amid extremely favorable
IMB Report: Coastal Tankers in SE Asia Attacked Every Two Weeks
There is a continuing trend in South East Asia in the hijacking of small coastal tankers by maritime pirates, averaging one attack every two weeks, finds a new report from the International Chamber of Commerce (ICC) International Maritime Bureau (IMB). According to the report, five small tankers wer
IMB Report: Coastal Tankers in SE Asia Attacked Every Two Weeks
There is a continuing trend in South East Asia in the hijacking of small coastal tankers by maritime pirates, averaging one attack every two weeks, finds a new report from the International Chamber of Commerce (ICC) International Maritime Bureau (IMB). According to the report, five small tankers wer
DryShips Inks Deal to Write Off Receivables
Nasdaq-listed owner of drybulk carriers and tankers DryShips Inc.has entered into agreement with one of its charterers to write-off about USD 16.5 million in overdue receivables related to charter hire payments due on 11 vessels on time charter. As part of the transaction, the charterer has agreed t
DryShips Inks Deal to Write Off Receivables
Nasdaq-listed owner of drybulk carriers and tankers DryShips Inc.has entered into agreement with one of its charterers to write-off about USD 16.5 million in overdue receivables related to charter hire payments due on 11 vessels on time charter. As part of the transaction, the charterer has agreed t
Premuda Catches a Break
Italian shipping company Premuda has concluded the pending standstill agreements with its banks, under which banks formalized their intention not to exercise their rights to seek payment of the company’s outstanding debts. Premuda informed of its financial problems back in June, after which it manag
Premuda Catches a Break
Italian shipping company Premuda has concluded the pending standstill agreements with its banks, under which banks formalized their intention not to exercise their rights to seek payment of the company’s outstanding debts. Premuda informed of its financial problems back in June, after which it manag
Alphaliner: Hapag-Lloyd’s IPO Value Set Too High
The prospects of German shipping company Hapag-Lloyd of securing USD 5.5 billion within its initial public offering (IPO) plans are low, according to shipping industry analyst Alphaliner. “CSAV, which owns 34% of Hapag-Lloyd’s share capital, has a market capitalisation of only USD 977 million based
Alphaliner: Hapag-Lloyd’s IPO Value Set Too High
The prospects of German shipping company Hapag-Lloyd of securing USD 5.5 billion within its initial public offering (IPO) plans are low, according to shipping industry analyst Alphaliner. “CSAV, which owns 34% of Hapag-Lloyd’s share capital, has a market capitalisation of only USD 977 million based