Kristian Siem, founder and longtime leader of Siem Offshore, is stepping down as chairman of the Norwegian offshore support vessel (OSV) firm after reaching a deal to acquire nine vessels in exchange for his 35% stake in the company.The company…
Siem Offshore Chairman Exits with Nine-vessel Purchase Read More »
Fixing activity has been steady, which is being borne out in the numbers — at last
Capesize market shows fresh glimmer of hope as fixing activity finally stops rates rout Read More »
After a string of in-the-money purchase option buys, Italy’s only listed shipping company expands with third-party vessel
After a string of in-the-money purchase option buys, Italy’s only listed shipping company expands with third-party vessel
The commander of Iran’s Revolutionary Guard’s navy said on Tuesday Israel’s presence in the United Arab Emirates was viewed as a threat by Tehran and it could close the Strait of Hormuz if deemed necessary.Iran has threatened to retaliate for…
Iran Says It Can Close Strait of Hormuz Read More »