The U.S. government said it is spending more than $7 million a year to maintain a superyacht it seized from a sanctioned Russian oligarch, and urged a judge to let it auction the vessel before a dispute over its ownership is resolved.Authorities in Fij…
US Spending $7 Million a Year to Maintain Yacht Seized from Russian Oligarch Read More »
Dry bulk shipowner Safe Bulkers announced Monday it has has reached a deal to sell the oldest vessel in its fleet to an undisclosed buyer.The ship is the Maritsa, a 76,000 dwt Panamax bulk carrier built in Japan in 2005. The vessel was sold…
Safe Bulkers Sells 2005-built Panamax Read More »
Connecticut dry bulk player will also ask shareholders to cast ballots on executive compensation
Eagle Bulk sets date for shareholder vote on Star Bulk merger Read More »
The product tanker market has had the biggest shift since the start of the Red Sea crisis. In its latest weekly report, shipbroker Intermodal said that “Houthi attacks on Red Sea have significantly disrupted the global oil markets, elevating security c…
EU’s Rise in Product Oil Imports from the US is Shifting Tanker Market Trade Flows Read More »
In a well-timed decision given the current situation in the Red Sea and Gulf of Aden, the UK Supreme Court recently handed down judgment in Herculito Maritime Ltd v Gunvor International BV [2024] UKSC 2, a decision that arose from seizure of a ship by …
Supreme Court guidance on war risk provisions in charterparties Read More »