Crosby Enterprises, LLC (the “Company”) announced that the Company filed chapter 11 cases for several of its subsidiary/affiliate units, Crosby Tugs, L.L.C., Crosby Dredging, L.L.C. and Crosby Marine Transportation, L.L.C., in the U.S. Bankruptcy…
The ship recycling market remains trapped in an adverse environment. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian ship recycling market remained at a standstill this week, with senti…
Ship Recycling Remained Subdued Last Week Read More »
“Following the start of attacks on Iran on 28 February, transits through the Strait of Hormuz have effectively stopped, severing Persian Gulf ports from global container services. As a result, around 130 container ships, totalling about 1.5% of t…
Container Shipping: Iran war amplifies outlook uncertainty Read More »
Shipping companies are entering a more complex and capital-intensive phase as decarbonisation regulations begin to translate emissions targets into direct operating costs and long-term investment pressure. This is according to a new global survey of se…
Peace offering came as a flotilla of amphibious assault assets are poised to arrive in the Middle East on Friday — the same day the US has threatened to rain ‘hell’ on Iran if no deal is struck