Monday, March 1, 2021
Ocean Princess Tanker

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...

March 1, 2021
Total Views: 3535

Wednesday, August 19, 2020
Cruise Ships

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...

August 19, 2020
Total Views: 108

Friday, May 15, 2020
Deepwater Champion Drillship

Transocean Is The Decade’s Biggest Loser

With COVID19 wreaking havoc in the stock market, you might think that travel or tourism stock might be the biggest losers of the past decade. But, according to a new...

May 15, 2020
Total Views: 879

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...

May 16, 2019
Total Views: 23

Thursday, February 21, 2019

Maersk Shares Sink As Trade War Looms

by Jacob Gronholt-Pedersen (Reuters) – The world’s largest container shipping company, A.P. Moller-Maersk, warned trade headwinds would slow growth this year, sending its shares down 10 percent on Thursday. Maersk...

February 21, 2019
Total Views: 10

Monday, September 10, 2018
Monomoy race

SUNY Maritime Brings Home Top Rankings

With high school seniors across the US get busy applying for college, SUNY Maritime College in New York City has won an unprecedented set of awards for 2018. The college was...

September 10, 2018
Total Views: 31

Thursday, August 30, 2018
Cosco container ship

Profit Falls 98 Percent For Cosco

by Brenda Goh (Reuters) – China’s COSCO Shipping Holdings Co Ltd on Thursday said first-half profits fell 97.8 percent as it grappled with higher costs and a slide in freight...

August 30, 2018
Total Views: 1

Tuesday, August 28, 2018

Is DP World’s ‘One-Stop Shop’ Ambition Too Risky?

By Mike Wackett (TheLoadstar) DP World’s planned acquisition of European shortsea container line Unifeeder took the industry by surprise when the deal was announced earlier this month. The rationale for...

August 28, 2018
Total Views: 9

Greek Shipowner Olympiakos Piraeus

Greek Shipowner Denies Drug Trafficking Charges

by Constantinos Georgizas (Reuters) – Greek shipping tycoon Vangelis Marinakis, the owner of Olympiakos Piraeus and Nottingham Forest soccer teams, denied any links to drug trafficking on Saturday, a day after a...

August 28, 2018
Total Views: 10

Friday, July 13, 2018
cargo ships underway

IMO’s 2020 Sulphur Cap Seen Ushering In New Era of Slow-Steaming

By Alex Longley, Firat Kayakiran and Irene García Pérez (Bloomberg) — If you happen to be at the beach this summer, make a mental note of any giant freighters crossing...

July 13, 2018
Total Views: 25

Thursday, April 12, 2018

Danish DFDS To Buy Turkish U.N. Ro-Ro in $1.2 billion deal

by Teis Jensen (Reuters) – Danish shipping and logistics company DFDS has agreed to buy Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera Group and Esas...

April 12, 2018
Total Views: 5

Thursday, February 1, 2018
Ship and Marine Finance Image

Baltic Index Approaches 6-Month Low

by Arpan Varghese (Reuters) – The Baltic Exchange’s main sea freight index extended its slide to a fourth straight session to touch a near six-month low on Thursday, as rates...

February 1, 2018
Total Views: 0

Saturday, January 20, 2018

The Most Expensive Cruise Ever – Cryptocurrency Geeks Lose Millions While Aboard Ship

By Blake Schmidt (Bloomberg) When 600 cryptocurrency enthusiasts set sail from Singapore on Monday night for their second annual Blockchain Cruise, the price of Bitcoin was hovering comfortably above $13,500....

January 20, 2018
Total Views: 24

Friday, November 17, 2017
Paper Money Ship In Storm

German Banks Offload “Toxic” Shipping Debt

by Jonathan Saul, Arno Schuetze (Reuters) Top national lenders Deutsche Bank and Commerzbank are stepping up efforts to offload distressed shipping loans, finance sources said, as the German banking system...

November 17, 2017
Total Views: 10

Wednesday, November 15, 2017
Hapag-Lloyd Container-ship BOSTON EXPRESS

Hapag-Lloyd Outpaces Maersk In 2017 Outlook

By Vera Eckert and Christoph Steitz (Reuters) German shipping group Hapag-Lloyd kept its outlook for the current year after its nine-month operating profit rose more than tenfold, narrowing the gap...

November 15, 2017
Total Views: 21

LNG TANKER - Sunrise

Qatar’s Empty LNG Tanks Pose Risk For Asian Gas Prices

LONDON (Reuters) – Gas exporting giant Qatar has all but sold out of winter supply after committing its spare output to China and South Korea, a development that could tighten...

November 15, 2017
Total Views: 2

Tuesday, November 7, 2017
By Sheila Fitzgerald

Maersk Steers Shipping Forecasts Lower

by Stine Jacobsen (Reuters) – A.P. Moller-Maersk , the world’s largest container shipping group, cut the profit forecast for its core business on Tuesday after a costly cyber attack and a...

November 7, 2017
Total Views: 6

Monday, November 6, 2017
Billionaire Cash

Got Billions? Credit Suisse Will Make You A Shipping Magnate

by Jonathan Saul (Reuters) The leap in assets at Credit Suisse’s private bank to a record high this year has been aided by a key plank of the bank’s new...

November 6, 2017
Total Views: 21

Monday, August 21, 2017
maersk jack-up rig

Total To Pay $5 Billion For Maersk Oil

By Geraldine Amiel and Christian Wienberg (Bloomberg) Total SA agreed to buy the oil and gas unit of A.P. Moller-Maersk A/S, the French company’s biggest acquisition since 1999 and another...

August 21, 2017
Total Views: 2

Sunday, July 9, 2017

COSCO Offers $6.3 Billion For Orient Overseas

By Brenda Goh and Matthew Miller (Reuters) COSCO Shipping Holdings Co Ltd (601919.SS) has offered to buy Orient Overseas International Ltd (OOIL) (0316.HK) for HK$49.23 billion ($6.30 billion), in a...

July 9, 2017
Total Views: 2