Navigator fails to buy back a single bond in $21m Oslo tender
Money from disposal of LPG carrier will now be retained by the company
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February 2022
Moldovan-flagged Tanker Hit by Missile on Ukraine Coast
Moldova’s naval agency said on Friday that a Moldovan-flagged chemical tanker with a Russian crew was hit by a missile near Ukraine’s port of Odessa, injuring two people, and that it was unclear who had fired at the vessel.Vadim Pavalachi, deputy direc…
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Insurance Costs of Shipping Through Black Sea on the Rise
Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to transport goods through the region for vessels still willing to sail after Russia’s invasion of Ukraine.Ship owners pay annual…
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Swedish Tanker Firm Terntank Takes Delivery of ‘Green’ Tanker
Swedish tanker operator Terntank has said it has taken delivery of TERN FORS tanker.Designed by Terntank and Kongsberg Maritime CM AS, TERN FORS is the second of a series of two 15000 DWT chemical and product tankers, that combine LNG/LNG engine-powere…
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Salvage Team Boards Burnt Ship with Luxury Cars Off Azores, Towing Starts
More than a week after a ship packed with luxury cars caught fire in the middle of the Atlantic Ocean, a salvage team managed to board the vessel on Friday and started to tow it to a safe location off the Portuguese Azores archipelago.In a statement, s…
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