The U.S. Department of Transportation’s Maritime Administration (MARAD) in December issued a final rule updating its financial requirements for the Federal Ship Financing Program, commonly referred to as Title XI. While the move applies to the U.S.
MARAD’s Title XI Changes: Good News for Offshore Wind? Read More »
Cavotec reports it has signed a $5.7 million contract to retrofit vessels with shore power solutions for an undisclsoed major European shipping line.The agreement entails the complete retrofit of containerships from installation of Cavotec’s…
Cavotec Awarded $5.7 Million Shore Power Refit Contract Read More »
Angela Chao, chair and CEO of the Foremost Group, has died in a car accident, the New York-headquartered dry bulk shipping company announced on Monday.Angela Chao was an experienced and well-respected shipping executive, having worked her way…
Foremost Group CEO Angela Chao Killed in Car Accident Read More »
Chao family and company mourn chief executive and chair
Limited partnership has sold three elderly panamaxes since December
Navios Maritime sells kamsarmax as asset values rise for older bulkers Read More »