Toisa fleet sale cash to go towards settling $542m claims
Greek owner’s bankruptcy scheme aims to avoid litigation with banks through sharing out proceeds of asset disposals.
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Crew Evacuates from Burning Box Ship off Canada
The German shipping line Hapag Lloyd said on Sunday it had evacuated the crew from its container ship, the Yantian Express, off Canada’s east coast after a fire spread.”Due to bad weather conditions, the fire has not been successfully contained…
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Egypt Reopens 5 Ports, 2 Remain Closed Due Weather
Egyptian authorities reopened five ports on the Red Sea on Monday, a day after they were closed due to bad weather conditions, the Red Sea Ports Authority said.The two major ports of Alexandria and Dekheila on the Mediterranean Sea remained closed, sai…
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Cargo Ship Sinks in Black Sea, Two Crew Confirmed Deceased
Turkish Coast Guard: Two dead, four missing after cargo ship sinks in the Black Sea.
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