American shipowner Eagle Bulk Shipping has announced that Eagle Bulk Ultraco, a wholly-owned subsidiary of the Company, has closed on a new five-year senior secured facility totaling USD 208.4 million, maturing in 2024. The global transporter…
Eagle Bulk Shipping Avails Loan Secured by 21 Vessels Read More »
Ship owners from Greece poured 4.6 billion dollars for the acquisition of second hand vessels during 2018, as per VesselsValue data provided exclusively for Hellenic Shipping News Worldwide (www.hellenicshippingnews.com). In total, Greeks bought 305 sh…
Hellas: Ship owners Led the S&P Charts in 2018 with $4.6 billion Read More »
After several successful trials over the last year, Israel’s largest cargo shipping company, Zim, has implemented a blockchain platform for electronic bills of lading. According to Zim, this technology could replace paper bills of lading and further im…
The Shipping Industry Receives a Boost from Blockchain Read More »
P&I insurers normally provide cover in respect of general average (GA) contributions which are not recoverable from cargo or other interests and resulting from the shipowner’s breach of the contract of carriage. The Standard Club provides such cove…
Unrecoverable General Average contributions from cargo interests Read More »