BIMCO Offers New Industry Standard for Ship Sale and Leaseback
BIMCO has enhanced its ship finance term sheet suite by introducing SHIPLEASE, an industry first standard for ship sale and leaseback.
SHIPLEASE is an indicative term sheet for use in both operating and...
Going Once! Twice! Sold! New Guidance Out
Distressed sales of ships, whether by mortgagees, liquidators or through an Admiralty Court auction process, are taking place with ever increasing frequency in Covid 19 times.
The ship sale and purchase market has...
Native American’s Ancient Cousin Discovered
A new study reveals the oldest link yet between Native Americans and their ancestors.
Recovered thousands of stone and bone tools, ceramics, and reindeer and fish bones plus a sliver of a human...
Neanderthals Lost their “Y” Chromosome
Neanderthals have long been seen as uber-masculine hunks, at least compared with their lightweight human cousins, with whom they competed for food, territory, and mates.
Neanderthal fossils happened to be poorly preserved or...
Transitioning To An Efficient Shipping Sector With Gas Turbines
Greater use of LNG, ease of maintenance and fuel flexibility all favour the use of gas turbines in the merchant shipping sector.
Gas turbines offer several advantages over reciprocating engines, including higher power...
€130m Cruise Vessel Completes Historic Arctic Expedition
The German Research Vessel Polarstern has sailed back into its home port after completing a remarkable expedition to the Arctic Ocean.
The €130m (£120m/$150m) cruise set was part of the Multidisciplinary drifting Observatory...
Maersk Upgrades Profit Expectations Amid 2,000 Job Cuts
Maersk has laid off around 2,000 employees in relation to the organizational changes that shut down brands Damco and Safmarine.
Combined with increased demand, this makes Maersk upgrade its full-year guidance for 2020.
...
SPDB Finance Leasing Orders New-Build Vessels at NACKS
SPDB Financial Leasing places an order at NACKS.
New-build order for construction of four Bulk Carriers.
SPDB Financial Leasing, the leasing arm of Shanghai Pudong Development Bank, has placed an order at Nantong Cosco...
Bulker Voyage Interrupted To Medevac Master
Carrier hindered voyage on 13th October from China.
The Master of the ship was medevaced by the SAR team & rushed to the hospital.
Capesize bulk carrier interrupted voyage to Hedland to medevac Filipino...
COVID To Affect Both Eyes & Lungs
COVID-19 is primarily a respiratory infection, but the virus can also infiltrate the eyes.
While it's not clear how the virus got into the patient's eyes, the experts agreed the case underscores the...