Tanker master fined for safety failures
Russian ship’s captain must pay $34,000 after UK court case.
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Maritime News
Saudi Arabia, UAE to Establish Shipping Lane to Yemen’s Hodeidah Port
Saudi Arabia and the United Arab Emirates announced a five-point aid plan for Yemen’s Hodeidah port and surrounding areas on Wednesday, after a Saudi-led alliance of Arab states launched an attack on Yemen’s Houthi-held main port city.As part of the pl…
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Stronger Rates Lift Baltic Index for Third Day
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the third consecutive session on Thursday supported by stronger rates across capesize and panamax vessel segments.The overall index, which fa…
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Libya’s NOC evacuates Sidra, Ras Lanuf terminals
Clashes in the area mean planned Minerva tanker entry postponed.
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HSH Nordbank Aims to Buy Shipping Loans from Other Banks
Germany’s HSH Nordbank, once the world’s biggest ship financier, aims to buy shipping loans from other banks and make new investments in the industry as it emerges from years of turmoil, a top bank official said.The bank’s regional government…
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