Ships plying their trade across the world’s oceans are subject to stringent environmental, safety and security rules, which apply throughout their voyage. The comprehensive regulatory framework developed by International Maritime Organization…
IMO for Protecting Oceans and High Seas Read More »
Vessel ends short stay at notorious blackspot for vessel groundings following assistance from tugs.
Japanese supramax bulker refloated off Montevideo Read More »
Luxembourg-based bankrupt driller plans to offer $700m in senior secured first-lien notes as part of a scheme to raise $1.5bn of new capital.
Pacific Drilling bondholders deal moves forward Read More »
It’s demolition activity which will balance out – eventually – the current tonnage overhang in the tanker market, as it did (coupled with a rise in demand) in the dry bulk market. In its latest weekly report, shipbroker Allied Shipbroking noted t…
Future Earnings of Existing Fleet is Still Dependant on Demolition Activity Read More »
Drewry maintains a positive outlook on the dry bulk market and expects charter rates to improve from current levels, driven by moderate increases in vessel demand and low growth in vessel supply as a result of restrained new ordering and a thin orderbo…
Capesize charter rates expected to keep increasing despite trade war uncertainties Read More »