DryShips Inc. Goes Private, Announces Merger With Economou
SPII Holdings Inc, a company controlled by Economou, will acquire the outstanding shares of Nasdaq-listed DryShips following an approved “Plan of Merger”, reports Seatrade Maritime News.
The merger plan
DryShips Inc chairman and CEO George Economou...
LNG Prices Plunge But Traders Foresee Opportunity
According to an article published in Bloomberg, the frenzied LNG buying seen ahead of higher seasonal demand is expanding global supply and will curb price gains. It’s bargain time in the liquefied natural gas...
Shell Takes Vital Steps To Decarbonize Shipping, Becomes More Competitive
In a major development, Shell has announced that they are pursuing competitive ways to reduce CO2 emission from ships, including those from oil tankers, it said this week as it signed a charter deal...
Shipyards Booming With Scrubber Retrofits As 2020 Nears
Despite owners delaying ballast water management system and scrubber retrofits, Gemak is enjoying a steady stream of tanker retrofit business, reports Riviera Maritime Media.
Booming Scrubbers Retrofitting
According to Gemak in Turkey, in the first eight...
[Watch] Rescue of a Wheel Chair Cruise Ship Passenger
Watch rescue of cruise ship passenger who fell off dock. When a young woman in a wheelchair fell off a cruise ship dock in St. Martin, two local entertainers jumped in after her to save...
Ship With 25 Crew Goes Missing Seconds After Sending Distress Signal
Ship loses contact after sending emergency signal in waters off eastern Indonesia, reports Xinhuanet.com.
What happened?
A cargo ship with 25 people on board and carrying nickel ores lost contact after it sent a distress signal...
SK Energy Focuses on Gasoline and Gasoil Production, Limiting HSFO
SK Energy increases gasoline and gasoil production in the first half of the year on solid local demand and limits HSFO production ahead of IMO 2020.
The refiner produced 56.37 million barrels of...
Search For 34 Missing Passengers Continues After An Overloaded Ferry Catches Fire!
According to an article published in Khaleej Times, scores of passengers are believed to be trapped inside a passenger ship after it caught fire off East Java province in Indonesia.
What happened?
On 22 August, the...
SHI Signs Smart Ship Technology MoU with MAN
SHI has signed an MoU with Germany-based engine technology developer MAN Energy Solutions for cooperation in developing smart ship technology.
The vessel named SVESSEL will help to reduce the operating costs of shipbuilding...
Lack of CO2 Systems Risk Awareness Resulted In Crew’s Death
In a recent, accident investigation report, the Bahamas Maritime showed how an engine room fire resulted in the death of an Able Body Seaman. Here's the detailed report as published on their website.
Incident Summary
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