Nordic Shipholding widens half-year loss
Danish product tanker owner faces risk of breaching loan covenants.
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Panama Canal – The 104th Anniversary: Reflecting on Our Past and Looking to the Future
This month marks the anniversary of the Inauguration of Panama Canal, set forth by the passage of the first cargo ship, the SS Ancon, 104 years ago. At the time, the Canal was considered one of the most important accomplishments to date in modern engin…
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Making Business Do The Right Thing
WHAT IS THE ISSUE? The vast majority of ship owners do not take responsible decisions when getting rid of their old ships. Instead, they sell their vessel to scrap dealers known as cash buyers. These companies, such as GMS, Wirana and Best Oasis, offer…
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MRV vs. IMO Regulations
Ship owners are currently dealing with recent regulations applied to maritime industry, such as MRV Regulation which entered into force on 1st January 2018. After a period of development and assessment of each vessel’s Monitoring Plan (until 31st Decem…
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Hedge fund backs away from Overseas Shipholding
Major shareholder Paulson & Co sells almost 2.7m shares of the Jones Act tanker owner.
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