US and UK asset managers bank $50m on sale of container ship trio
Asset managers are making hay with the sale of three 2,500-teu vessels
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January 2025
US sanctions squeeze on Russian giant Sovcomflot goes far beyond newly blacklisted vessels
In addition to naming host of vessels, Treasury Department pulls back licence that allowed some transactions
Josephides named Director General, Cyprus Shipping Chamber
The Cyprus Shipping Chamber announced that its Board of Directors has unanimously decided to appoint its current Deputy Director General / Marine Manager, Alexandros Josephides, as the next Director General.Josephides will succeed Thomas A.
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Israel Bombs Houthi-controlled Power Station, Ports
Israeli warplanes bombed a power station and two ports in Houthi-controlled Yemen on Friday in retaliation for Houthi drone and missile strikes against Israel, and pro-Houthi media said at least one person had been killed and nine wounded.Israeli…
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Baltic Index Gains Again on Capesize Strength
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second straight session on Friday, steered by strong gains in the capesize vessel segment.The index, which factors in rates for cap…
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