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Marine World
MacGregor receives over USD 10 million crane order for four general cargo ships
MacGregor, part of Cargotec, has secured an order to provide cargo handling cranes for four 62,000 dwt general cargo ships…
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Maritime News
Worst Case Scenario Could Bring About USD 23 Bn Loss for Carriers
Blanking of sailings triggered by the demand drop from the coronavirus pandemic could result in a USD 23 billion collective…
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Maritime News
Emergency USD 1.23 Mln Fund to Support Seafarers Impacted by Covid-19
A UK-based charity the ITF Seafarers’ Trust (ITFST) is launching a USD 1.23 million (GBP 1 million) emergency fund to…
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Maritime News
CMA CGM Closes USD 815 Mn Sale of Eight Port Terminals to Terminal Link
French container shipping and logistics company CMA CGM has completed a first transaction related to the sale of eight port…
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Maritime News
Odfjell Terminals US Secures USD 250 Mln Loan
Odfjell Terminals US (OTUS), jointly owned by Norwegian terminal operator Odfjell SE and Candian Northleaf Capital Partners, has closed a…
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Maritime News
Hunter Tankers Secures USD 80K Daily Charters for VLCC Trio
Hunter Tankers AS, a wholly-owned subsidiary of Norwegian Hunter Group ASA, has entered into a six-month time charter agreement for…
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Maritime News
Yangzijiang Shipbuilding Scores USD 1.15 Bln Deal for Up to 10 Containerships
Yangzijiang Shipbuilding (Holdings) Ltd, one of the largest private shipbuilders in China, has inked a shipbuilding contract with Tiger Group…
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Maritime News
VLCC Volatility Brings Record USD 410K Fixture
The volatility in the tanker market sector has seen earnings for the very large crude carriers (VLCCs) skyrocket, bringing unexpected…
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Maritime News
Royal Caribbean Bolsters Liquidity with USD 550 Mn to Counter COVID-19 Impact
Due to the impact of the ongoing oubreak of the coronavirus on the cruise industry, Royal Caribbean Cruises has increased…
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Maritime News
TEN Unveils USD 104 Mn Tanker Quintet Sale
Greek tanker operator Tsakos Energy Navigation Limited (TEN) has decided to sell five of its vessels as part of the…
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