Long Beach offering up to $9,000 in incentives for ‘green’ ships
US west coast port paid out more than $1.7m to shipowners in 2020 to encourage reduced emissions
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June 2021
Legal stalemate leaves Britoil unable to recover anchor handler in Egypt
Company says the Egyptian legal system is not helpful in resolving dispute with charterer who will not hand back its tug
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When digital deals go wrong: the saga of the Sea King Elgedida
Offshore operators equally left in the lurch by legal loopholes and regional attitudes towards digital transactions
When digital deals go wrong: the saga of the Sea King Elgedida Read More »
Sanmar Delivers Tier lll Tug to Norwegian Operator
Sanmar has delivered its first Tier lll tugboat to Buksér og Berging AS, the first of two environmentally-friendly tugs ordered by the Norwegian operator. Built at Sanmar’s shipyard at Altinova in Turkey, the new tug has been named Bamse by…
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Costamare’s Bond Issue Shows That Financing Can Be Found, but Scale is Ever More Important Today
With financing being harder to raise, ship owners are actively looking at alternative sources of capital raising. Costamare did so by raising 100 million euros in unsecured bonds through the Athens Stock Exchange. But this isn’t a “one size fits all” s…