As equipment acquired by the Union of Greek Shipowners, the Onassis Foundation, the Prokopiou family and others is flown into…
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Greek shipping ramps up help for medical staff Read More »
Carnival Corp, the world’s largest cruise operator, said it has raised $6.25 billion by issuing new debt and equity on Wednesday, borrowing at a high cost to weather the economic storm of the coronavirus pandemic.Despite having its cruise ships idled t…
Carnival Pays High Price to Get Credit Investors on Board Read More »
U.S.-based offshore vessel owner Hornbeck Offshore Services announced it will file chapter 11 after defaulting on payment obligations.The New York-listed company said in an SEC filing that it has reached an agreement with lenders and holders…
Hornbeck Offshore to File Chapter 11 Read More »
Measures to limit the damage from the coronavirus fallout, including the suspension of shore leave and crew changes, are keeping…
GasLog sees LNG spot market boost as China recovers Read More »
If one ever needed proof that, no matter how dire the situation, there is always a silver lining, look no further than the crude tanker market, which has seen it day rates skyrocket in the face of a global pandemic that has effectively ground…
While Oil Prices Plummets, Tanker Rates Fly High Read More »
