Turkish shipowner tied to Samkang aframax orders
Deal for tanker quartet is being linked to interests associated with Geden Lines and is subject to financing and refund guarantees
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Latsco enters S&P market for Chandris aframax pair
Near $50m double deal would mark a rare secondhand transaction for Greek shipowner
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Scrapping Risks
Traditionally, when a ship reached the end of its economic life, the owner sold it, often to a cash buyer, for scrapping with little consideration of the next step. Many ships ended up on a beach in south Asia (India, Pakistan, or Bangladesh)…
Former MSC Contractor Sentenced in Bribery Scandal
A former contractor at the Military Sealift Command (MSC) has been sentenced to 87 months for his role in a bribery and fraud conspiracy through which he received nearly $3 million in bribes from approximately 1999 to approximately 2014.Scott B. Misere…
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Top Challenges for Maritime Training
The maritime industry, like any other, faces its share of challenges.When it comes to training, maritime stakeholders say their largest challenge is a lack of financial resources, according to the Maritime Training Insights Database (MarTID)…
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