Oslo-listed seismic surveyor Polarcus has defaulted on its bank loans and bonds, it said on Tuesday, sending the company’s shares plunging more than 30%.Polarcus and other seismic surveyors have been hit by weak demand as oil companies slash…
Seismic Surveyor Polarcus Sees Shares Nosedive as it Defaults on Debt Payment Read More »
South Korean shipbuilder Hyundai Heavy Industries Co Ltd said on Tuesday that it plans an initial public offering (IPO) to raise funds toward a 1 trillion won ($905 million) investment over five years into green technology.Hyundai Heavy will issue a st…
Hyundai Heavy Industries Plans IPO for Green Tech Investment Read More »
President Joe Biden on Monday signed an executive order aiming to use government spending to strengthen domestic manufacturing and create markets for new technologies, in a move widely praised by America’s maritime industry.The executive order…
US Maritime Industry Praises Biden’s ‘Buy American’ Order Read More »
Britain’s over-50s holidays group Saga said on Tuesday total cruise bookings stood at 140 million pounds ($191.3 million) as it prepares to restart sailing in May after a torrid year for the travel industry due to the global health crisis.Mass…
Saga Sees Resilient Cruise Bookings Despite COVID Concerns Read More »
Government seeking clarification over allegation of illegal oil transfer with Chinese tanker
Iran demands to know why NITC VLCC was seized in Indonesia Read More »