Secondhand bulk carrier sales plunge 58% due to market uncertainties, says Veson
Chinese-built bulkers expected to be hardest hit by proposed US port fees
Secondhand bulk carrier sales plunge 58% due to market uncertainties, says Veson Read More »
April 2025
Lube Oil Maintenance Failure Caused Catastrophic Engine Failure and Fire
Debris in an engine’s lube oil system led to a diesel engine failure and an engine room fire aboard a passenger vessel docked in Portland, Maine, the National Transportation Safety Board (NTSB) has confirmed.The passenger vessel Ocean Navigator was moo…
Lube Oil Maintenance Failure Caused Catastrophic Engine Failure and Fire Read More »
CMB.TECH and Golden Ocean Agree Stock-for-Stock Merger Terms
CMB.TECH and Golden Ocean Group have signed a term sheet for a contemplated stock-for-stock merger, with CMB.TECH as the surviving entity, based on an exchange ratio of 0.95 shares of CBM.TECH for each share of Golden Ocean.The Term Sheet has…
CMB.TECH and Golden Ocean Agree Stock-for-Stock Merger Terms Read More »
Bayesian Salvage to Commence in May
The superyacht that sank off Sicily last year, killing British tech tycoon Mike Lynch and six others, will be lifted out of the water next month after its mast is dismantled, people close to the matter said on Tuesday.The recovery of the British-flagge…
Bayesian Salvage to Commence in May Read More »
Fire on cruise ship caused by catastrophic engine failure, NTSB says
Failure possibly due to the crew exceeding recommended intervals for changing lube oil and oil filter elements
Fire on cruise ship caused by catastrophic engine failure, NTSB says Read More »