The state of Rhode Island announced it will provide $20 million in incentives to General Dynamics Electric Boat to help the submarine builder expand its facilities.The infrastructure investment announced today by Rhode Island Governor Gina M.
Rhode Island Backs Electric Boat Expansion Read More »
The Capesize segment’s benckmark status in the dry bulk market has been magnified over the course of the past couple of weeks. In its latest weekly report, shipbroker Allied Shipbroking said that April was “a rather bizarre month for the Dry Bulk…
Volatility Hits The Dry Bulk Market As Capesizes Are Still the Benchmark Read More »
BIMCO has developed a new standard term sheet for syndicated ship financing (SHIPTERM S) – the first industry standard of its kind for syndicated loans. The term sheet was approved for publication at BIMCO’s biannual Documentary Committee meeting on Ma…
Ship Financing Just Got Less Complicated Read More »
The container liner shipping industry carries about 60% of the goods (by value) that are moved internationally by sea. To do so, container shipping lines (carriers) deploy about 5,100 containerships worldwide and provide approximately 400 scheduled lin…
“Invoicing and payment processes in global container shipping: ready for disruption?” Read More »
The U.S. Coast Guard said one of its vessels has capsized in Mobile Bay near Gaillard Island, Ala., Thursday. All four crew members aboard at the time of the incident have been rescued.The stricken vessel, a 26-foot Trailerable Aids to Navigation Boat …
Coast Guard Vessel Capsizes in Mobile Bay Read More »