Ocean Yield raises profit in first quarter
Kjell Inge Rokke-based lessor buys 11 vessels while raising $96m in fresh equity for future investments.
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Maritime News
Seaspan chair blisters former management
Sokol has critical words for containership giant’s former leaders as company pivots away from pure dividend-yield focus.
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Finnlines Orders Three Ro-ro Vessels
Finnlines, part of the Grimaldi Group, signed a 200 million euro ($240 million) order for three new ro-ro vessels to be delivered from China’s Jinling Shipyard from 2020-2021.The 17,400 DWT vessels will be 238 meters long and have a cargo capacity of 5…
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Weak Currency, Global Trade Jitters Bolster Brazil Soy Exports
Brazil’s soybean exports hit record volumes last month, grain exporter association Anec said on Thursday, citing a weak domestic currency and trade tensions between the United States and China for bolstering business for local farmers.Brazil’s April so…
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Kenyan Fishermen Win Millions for Loss of Rights to New Port
Activists hailed a Kenyan court for ordering that almost 5,000 fishermen at a 14th century World Heritage Site receive millions in compensation for the loss of traditional fishing rights due to the construction of a major port.The fishermen in Lamu…
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