Navios Reports Financial Results for the Fourth Quarter Ending in December
Revenue
$133.9 million for 2018; $34.4 million for Q4 2018
Cash from operating activities
$47.5 million for 2018; $9.6 million for Q4 2018
Adjusted EBITDA
$69.3 million for 2018; $15.3 million for Q4 2018
$76.1...
Synergy Collects 20,000 Teu Boxship
Imabari Shipyard in Japan has taken the delivery of its newbuild ULCV 'The Ever Gifted'.
The ULVC s powered by a fuel-optimised MAN B&W 11-cylinder G95ME engine.
It is the highest capacity container ship currently...
Eagle Bulk Shipping Acquires One Ultramax, Sells Two Supramaxes
On January 23, Eagle Bulk Shipping has announced that it purchased an Ultramax bulk carrier for a price of $20.4M.
Existing time charter
The company commented that the 'M/V Cape Town Eagle' has been acquired with an...
China to Adopt Global Regulations for Ballast Water Management
Last October, China ratified International Maritime Organization's (IMO) Ballast Water Management (BWM) Convention which came into force in September of 2017. The BWM Convention aims to prevent the spread of harmful and invasive aquatic...
Tried and Tested Practice to Avoid IMO 2020 Pitfalls
Ships are exposed to rapid change ever faster by regulations and technological advances. Engineering consulting firm Exponent says no need to panic.
Standard methods for fuel testing and compatibility testing does not guarantee...
Woman Found Unconscious on Cruise Ship Reveal Excess Gas Levels
On February 2, a woman was found unconscious on a cruise ship and further tests revealed that excess gas levels were detected.
What happened?
The 39-year-old woman was found unconscious in the bathroom of the Lady...
Soccer Star Sala Plane Wreck Found! Body Visible In Footage
Underwater searches using specialist vessels uncovered the wreckage from the missing Piper Malibu aircraft.
The missing footballer Emiliano Sala along with the pilot Ibbotson has been located by UK's Air Accidents Investigation Branch.
The private...
DNV GL: How Should Container Ships be Built Today?
Emission limits and complete decarbonization in the near future will change ship operation dramatically.
No alternative to the combustion principle that generates thrust to propel a large ship leaves less room for...
Singaporean Oil Tanker Seized Over Commercial Dispute
A Singapore-flagged oil tanker with 26 crew members on board，including two Chinese nationals，has been seized by the military in Cameroon since Feb. 1, consular and security sources told Xinhua on Monday.
What happened?
According to the...
ClassNK Grants AIP to Kawasaki Project on LNG-fuelled Bulk Carrier
Leading Classification Society ClassNK granted an Approval in Principle (AIP) based on its Rule Part GF, says a press release on JLA.
About the Approval in Principal
It adopts IGF Code (regulation for ships using low-flashpoint...