Wednesday, June 16, 2021
Saturday, June 12, 2021
Exxon Traders Quit While BP And Shell Colleagues Make Billions
By Devika Krishna Kumar and Julia Payne (Reuters) – Exxon Mobil Corp has lost two veteran crude oil traders from its U.S. energy trading group and a third is leaving...
Monday, May 17, 2021
EU Directive Will Turbocharge Maritime Venture Capital While US Falls Far Behind
The European Union and the European Investment Bank Group, today said they will increase their cooperation and investment in the maritime “blue” economy. The institutions will work jointly with European...
Wednesday, May 5, 2021
Maersk Says Mega Ships Will Carry Mega Profits Into 2022
By Jacob Gronholt-Pedersen (Reuters) Denmark’s Maersk (AMKBY) said on Wednesday it expected its “exceptionally strong” performance in the first quarter to continue for the rest of the year, driven by...
Monday, April 26, 2021
Thursday, April 1, 2021
Marine Reinsurance Firms Expect Giant Suez Blockage Claims
by Carolyn Cohn (Reuters) – The recent blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers,...
Monday, March 29, 2021
Friday, March 26, 2021
UPDATED: Suez Canal Steps Up Efforts Refloat Grounded Ever Given
By Nadine Awadalla, Jessica Jaganathan, Roslan Khasawneh and Julia Payne Dredging and tugging salvage efforts aimed at freeing a mega vessel stuck in the Suez Canal failed on Friday to...
Thursday, March 25, 2021
Wednesday, March 17, 2021
Monday, March 1, 2021
VLCC Fire Sale – Singapore Tanker Tycoon O.K. Lim Liquidates One-Third His Fleet To Repay Billions Of Debt
By Jessica Jaganathan (Reuters) – About one-third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part...
Friday, October 16, 2020
Wednesday, August 19, 2020
Hong Kong Cruise Ship Owner Suspends Payments to Creditors
by Denise Wee (Bloomberg) Genting Hong Kong Ltd., a cruise ship operator, will temporarily suspend all payments to its creditors, which will likely result in events of defaults, it said...
Maersk Forecasts A Return To Pre-COVID Container Demand In 2021
by Jacob Gronholt-Pedersen (Reuters) – Shipping group Maersk on Wednesday issued full-year earnings guidance above its forecast at the beginning of the year and said it expects demand for moving...
Monday, August 17, 2020
Ocean Tankers Seeks To Reclaim $19 Million From Lim Family
by Jessica Jaganathan (Reuters) – The court-appointed manager of Singapore Ocean Tankers is seeking to reclaim about $19 million from the Lim family directors of the firm, who allegedly transferred the...
Friday, May 15, 2020
Sunday, October 13, 2019
DeSiloing The Maritime Industry – Notes From The Global Bluetech Summit
Last week SeaAhead’s Global Bluetech Summit in New York City brought together high-level stakeholders from around the world to discuss and support innovation at sea. The summit was unique because it...
Friday, August 2, 2019
Japan’s K-Line Convicted Of Cartel Conduct By Australian Court
by Niyati Shetty (Reuters) Japanese shipping firm Kawasaki Kisen Kaisha Ltd (K-Line) was convicted of criminal cartel conduct and ordered to pay a A$34.5 million ($23.50 million) fine by a...
Thursday, May 16, 2019
Maritime Startups Accelerate With New Support And Funding
PSA unboXed, the Singapore-based venture capital arm of PSA International, and Israeli-based theDOCK Innovation Hub have entered into an agreement to jumpstart innovative technologies that will benefit the port, maritime...
Thursday, February 21, 2019
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