New York City based CIT, a division of First Citizens Bank reports that its maritime finance business served as sole lead arranger on up to $30.5 million in financing to expand Lomar
The 51-year-old master of the 38,763 dwt Marshall Islands flagged bulk carrier Interlink Veracity was arrested yesterday by the Australian Federal Police (AFP). The man, a national of Montegro, was expected to
The chief engineer of a Marshall Islands bulk carrier pleaded guilty May 18 to two felony counts: deliberately discharging approximately 10,000 gallons of oil-contaminated bilge water overboard in U.S. waters off the
A new round of negotiations between shipowners and seafarers’ unions from across the world, convened by the UN’s International Labor Organization (ILO), has resulted in a new three year deal on seafarers’
“There is still a gender imbalance in maritime – but times are changing. It is recognized that diversity in maritime benefits the entire sector,” said IMO Secretary-General Kitack Lim as the International
In another sign that innovative approaches to decarbonization are starting to get the attention of serious players, Idan Ofer’s Singapore-based Eastern Pacific Shipping (EPS) has signed a definitive agreement with Rotterdam-based Value
Chinese shipyard CIMC Raffles today delivered Botnia Enabler, the first of two multi-fuel Knud E. Hansen designed ConRo ships, to Gothenburg, Sweden, based Wallenius SOL. “We’re incredibly pleased and proud to welcome
One of the world’s largest bulker operators, Hong Kong headquartered Pacific Basin Shipping Limited, has signed a memorandum of understanding with Japan’s Nihon Shipyard Co., Ltd and Mitsui & Co., Ltd. It
Sara Brady has been promoted to team leader, senior bunker broker & trader at Dan-Bunkering (Connecticut) LLC Brady began her career in the bunker industry in 2004 when joining LQM Petroleum Services
As the Saverys family continues to contest a merger of Euronav into Frontline, billionaire shipping investor John Fredriksen has taken a significant stake in another tanker giant, New York City headquartered International