Polarcus faces lawsuit after fleet seizure leaves it short for Eni charter deal
Middle East operator could not source alternative vessel to fulfil contract
Polarcus faces lawsuit after fleet seizure leaves it short for Eni charter deal Read More »
March 2021
Austal Wins U.S. Navy Contract for EPF 15
The U.S. Navy awarded Austal USA a $235 million undefinitized contract action modification on Feb. 26, 2021, for the detailed design and construction of Expeditionary Fast Transport (EPF) 15.The EPF program, currently operating on schedule and under bu…
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IMEC boss argues Philippines is pricing itself out of maritime labour market
Francesco Gargiulo said claims culture is driving employers away from the shipping’s leading labour supply country
IMEC boss argues Philippines is pricing itself out of maritime labour market Read More »
One-third of Hin Leong Founder’s Ships Sold to Pay Down Debt
About one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of efforts to repay billions of dollars of debt owed to creditors, two sources told Reuters.Accounting firm Gr…
One-third of Hin Leong Founder’s Ships Sold to Pay Down Debt Read More »
Floating storage and subterfuge oil trades pose earnings drag on tankers
Releasing tonnage once US sanctions on Iran’s oil and shipping sector are lifted will weigh on an already oversupplied market
Related StoriesFloating storage and subterfuge oil trades pose earnings drag for tankersTranspa…
Floating storage and subterfuge oil trades pose earnings drag on tankers Read More »