Windstar splashes over $200m extending cruiseship trio
Fincantieri ties up deal to raise capacity and modernize luxury vessels at Palermo yard.
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Capesize Market Hurt by Over Reliance on Chinese Economy
Earlier hopes of a rally in the dry bulk market during the fourth quarter of 2018, in similar note to the past couple of years, have been quashed by the harsh reality of the latest trends in the global trade. In its latest weekly report, shipbroker All…
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Impact of US sanctions on the tanker market
Earlier this month, the US re-imposed sanctions on Iran, banning global exports threatening heavy penalties on any country that continues to trade with the middle-eastern nation. According to US secretary of state- Mike Pompeo during an address on the …
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Reflections on a Red October
October was a difficult month for the financial markets, with most equity markets falling in value, leaving the world equity index down -7.42% for the month. In fact, the only major market that was up in October was Brazil, where markets greeted the la…
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Passenger Vessel Fire Subject of NTSB Meeting
The National Transportation Safety Board announced Thursday its intent to hold a board meeting, Dec. 11, 2018, to determine the probable cause of the Jan. 14, 2018, fire aboard the passenger vessel Island Lady, in the waters of the Pithlachascotee Rive…
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