Daewoo strike damage casts a shadow over shipyard sell-off
New plan to split the sale of the yard emerges after strike impact fuels debt mountain
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July 2022
Navios Partners to follow big acquisition with $100m stock buyback plan
Navios sees tack as a way to close significant gap between share price and net asset value, sources say
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Seafarer Shortage Stands in Way of Ukraine Grain Corridor
Finding enough seafarers willing to sail ships stuck inside Ukraine’s ports is set to pose a major challenge to the proposed grains corridor designed to ease an international food crisis.Russia and Ukraine last week signed a deal to restart…
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US’ First Modern Laker Begins Maiden Voyage
The newly built Mark W. Barker, the United States’ first new Great Lakes bulk carrier in nearly 40 years, has embarked on its maiden voyage from Fincantieri Bay Shipbuilding in Sturgeon Bay, Wis.“This is a monumental day for our company and the U.S.
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Ship Owners Keep Investing in Bigger Ships
Ship owners have kept on contracting newbuildings and secondhand vessels, opting for larger tonnage. In its latest weekly report, shipbroker Allied Shipbroking said that “things in the newbuilding market continued on a relatively fair mode for yet anot…
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