Surplus containers are piling up at warehouses as demand wears out, resulting in rising demurrage and detention charges, contributing substantially to the operational costs for shippers. These were a few inferences that were discussed during a recent w…
On 22 July, Russia and Ukraine signed an agreement with Turkey and the United Nations to allow grain exports from three ports in western Ukraine: Yuzhne, Chornomorsk, and Odesa. Combined, the three ports accounted for 65% of the country’s total grain e…
Grain agreement could see 65% of Ukraine’s seaborne capacity reopen Read More »
An injured crewmember was airlifted Tuesday from a Hong Kong- flagged bulk carrier in the north Pacific Ocean, approximately 230 nautical miles southwest of Dutch Harbor, Alaska.Watchstanders from the 17th Coast Guard District received a report from th…
Injured Crewmember Medevaced in the North Pacific Read More »
In our first article we highlighted some of the key contractual considerations facing shipowners looking to construct and charter offshore wind vessels. In this article we explore some of the considerations concerning the financing and bankability of o…
Financing and Bankability of Offshore Wind Vessels Read More »
Polys Hajioannou-led company continues dividing spare cash between newbuilding programme, shareholder rewards and debt reduction
Safe Bulkers buys back stock after quarterly profit surges 55% Read More »