Safe Bulkers eyes more newbuildings in gradual fleet renewal
US-listed dry bulk player wants more new-design, fuel-efficient ships to replace outgoing older panamaxes
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November 2020
CMA CGM to Expand LNG-powered Fleet to 26 Ships
Container shipping group CMA CGM will expand its use of liquified natural gas (LNG) to 26 vessels, it said on Thursday, as part of efforts to reduce pollution in ocean shipping.After announcing three years ago that it would adopt LNG, French…
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Fincantieri Preserves Order Backlog; No Order Cancellations
Italy’s shipbuilder Fincantieri said on Thursday it had a consistent order backlog and did not get any cancellations from clients, despite a deep crisis of the cruise industry due to the coronavirus pandemic and global travel restrictions.Fincantieri…
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Bahamas Paradise denies reports of ship headed for scrap
Chief executive Oneil Khosa says information is ‘all false’ and he is looking into its origin
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Golden Ray Salvors Brace for Storm Eta
The salvage team working to cut and lift sections of the capsized car carrier Golden Ray in Georgia’s St. Simons Sound has suspended operations ahead of a tropical storm that made landfall in neighboring Florida on Thursday.The specialized heavy lift c…
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