Belships ASA Acquires Supramax Bulk Carrier for $12.0 Million

Belships ASA has agreed to acquire the 55,866 dwt bulk carrier M/V Sephora from Prospero Marine Ltd, a company controlled by Greek shipowner Elias...

What Sinking Ship Finance Means To Future Ocean Freight Markets?

Two key indicators of vessel finance – securities sales by U.S.-listed ship owners and global marine syndicated loan activity are both flashing red. ...

DryShips (DRYS) Announces Acquisition of Vessel

According to an article by Street Insider, DryShips Inc., a diversified owner, and operator of ocean-going cargo vessels, today announced that it has agreed...

Drewry: Boxship Scrapping To Rise Ahead of IMO 2020

The United States has ceased granting waivers for the import of sanctioned Iranian oil will contribute to carriers’ rising operating expense in the...

[Watch] 13 Indians Aboard a Burning Cargo Vessel Off Khalid Port

According to an article published in Khaleej Times, the quick-acting Sharjah Civil Defence, firefighters rescued a crew of 13 Indians from a burning cargo...

Tanker Reports Successful Trial of Non-Lethal Antifouling Agent

MR tanker has coated Team Calypso’s vertical sides with Chugoku Marine Paints’ SEAFLO NEO CF-Premium antifouling coating. Team Calypso’s in-water-survey schedule 35 months after...

Ports Revoke Open-loop Scrubber Ban After Publication of Academic Research

Several Port Authorities around the world have given approvals and no-objection letters indicating their intention to revoke open-loop scrubbers ban in their waters. ...

GNS Partners StormGeo To Integrate World’s Navigation With Weather Solutions

In a recent development, GNS has announced that they have started a strategic partnership with StormGeo which will create new situational awareness, route optimization...

OOCL Sells Long Beach terminal for US$1.78 billion

OOCL expects to realize a gain of  just under US$1.3 billion by selling its Long Beach Container Terminal for US$1.78 billion, whose net...

[Answer]How To Provide Lifelong Protection Against Cavitation & Corrosion Damage?

The Shipping industry encounters a fair share of cavitation and corrosion damage of vessels for which they need to spend a substantial amount for...