Payments
-
Marine World
U.S. Sanctions Crypto Exchange Tied to Iran’s Hormuz Transit Payments
The United States has sanctioned an Iranian cryptocurrency exchange that Treasury says was used to move payments collected from ships…
Read More » -
Maritime News
Marine Insurers May Ban Payments to Iran for Hormuz Transits
Getting insured for a Strait of Hormuz transit is getting more expensive, and there are more strings attached to staying…
Read More » -
Maritime News
US Tightens Economic Controls on Iran and Warns Shipping About Hormuz Tolls
In what it is calling “Economic Fury,” the U.S. Department of the Treasury is expanding a number of efforts to…
Read More » -
Maritime News
FMC Collects $1,350,000 in Penalty Payments
The Federal Maritime Commission (FMC or Commission) investigates and negotiates settlements and informal compromises of civil penalties in relation to…
Read More » -
Maritime News
Wilhelmsen Port Services Transforms Port Call Payments with Financing Model
[By: Wilhelmsen Port Services] Wilhelmsen Port Services announces the launch of a groundbreaking financial service that eliminates the need for prefunding…
Read More » -
Marine World
EU Naval Operation Warns Ransom Payments to Pirates Could Trigger More Attacks
The European Union’s counter-piracy naval operation off the Somali coast, known as Operation Atalanta, has reiterated its warning that ransom…
Read More » -
Port News
PGS reaches agreement with lenders to defer payments
Offshore survey specialist PGS has announced that it has entered into a lock-up agreement with the majority of its lenders…
Read More » -
Maritime News
Genting Defaults and Suspends Payments as it Seeks to Refinance
Genting Hong Kong, the owners of three cruise lines and entertainment/leisure businesses, announced that it is in technical default on…
Read More » -
Maritime News
Genting Defaults and Suspends Payments as it Seeks to Refinance
Genting Hong Kong, the owners of three cruise lines and entertainment/leisure businesses, announced that it is in technical default on…
Read More » -
Marine World
Hong Kong Cruise Ship Owner Suspends Payments to Creditors
by Denise Wee (Bloomberg) Genting Hong Kong Ltd., a cruise ship operator, will temporarily suspend all payments to its creditors,…
Read More »