U.S. private equity firm Cerberus will acquire for $300 million a debt-laden shipyard in the Philippines at a former U.S. navy base close to the South China Sea, the facility’s trustee and two sources with knowledge of the deal said on Tuesday.The…
Cerberus to Buy Philippine Shipyard at Ex US Navy Base Read More »
Shipping company Castor Maritime Inc. announced it has secured charter agreements for several of its bulk carriers. The Magic Moon, a 2005 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $25,000.
Castor Maritime Lines Up New Charter Agreements Read More »
ClassNK signed a Memorandum of Understanding (MOU) with PowerX, Inc. (PowerX) for a collaboration on the development of the Power Transfer Vessel (Power ARK).PowerX is carrying out a project of the first model of the Power ARK series, which…
ClassNK Inks MOU with PowerX on Power ARK Project Read More »
Early White House efforts to boost U.S. liquefied natural gas exports and cut Europe’s reliance on gas from Russia after its invasion of Ukraine are proceeding slowly, because of concerns about climate change impacts, government and industry…
US Push to Export LNG Amid Ukraine Conflict Slowed by Climate Concerns Read More »
Finnish fuel and auxiliary systems company Auramarine Ltd announced it has appointed Henri Räty as director of engineering and products, based in Lieto, Finland. As a shipbuilding engineer with extensive experience in project management and technical e…
Auramarine Hires Räty as Engineering Director Read More »