Sembmarine losses widen on pandemic disruptions
Management has taken 5% to 15% pay cuts, led by chief executive Wong Weng Sun, who has volunteered a 50%…
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July 2020
Containership Crew Rescues Sailors 825 Miles off Hawaii
The crew aboard a U.S.-flagged containership rescued three sailors from a 50-foot trimaran that became disabled in the Pacific Ocean, about 825 miles northeast of Oahu, last week.At 8 a.m., last Tuesday, U.S. Coast Guard watchstanders at Joint…
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Castor Maritime raises funds for expansion
The company’s acquisition strategy is focused on panamaxes but other types of tonnage were not ruled out
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Australia revives stalled box terminal project
A Federal Court of Australia trial between rival operator NSW Ports and Australia’s competition watchdog is set for October
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Carnival to Raise $1.26 Billion in Debt to Deal with COVID-19 Impact
Carnival Corp is planning to raise about $1.26 billion in a bond offering, the beleaguered cruise operator said Wednesday as it struggles to stay afloat after the COVID-19 pandemic impacted its business.The bond offering is split into a $775 million tr…
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