Eagle Bulk reports record full year profit
“Despite a weaker rate environment, our Q4 results cemented a record annual profit of roughly $250 million for 2022,” said Gary Vogel, CEO of Stamford, Conn., headquartered Eagle Bulk Shipping Inc. (NYSE:
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CIT provides financing for Purus ammonia carrier acquisition
First Citizens Bank reports that its Maritime Finance group, part of its CIT division, has provided financing to Purus Clean Energy, a subsidiary of Purus Marine, to support the acquisition of the
Australia slaps 90-day port entry ban on MSC box ship
In its most recent port entry ban, the Australian Maritime Safety Authority (AMSA) yesterday issued a refusal of access direction notice banning the Liberian-flagged containership MSC Kymea II from Australian ports for
Svitzer Marine Ltd enters guilty plea in crewmember death case
The U.K. Maritime and Coastguard Agency (MCA) reports that Svitzer Marine Ltd. has been fined GBP 2 million (about $2.41 million) after pleading guilty to failing to operate a vessel safely and
Collision cutter commander relieved of duties
Lt. Cmdr. Benjamin Williamsz was relieved of duties as the commanding officer of USCGC Winslow Griesser (WPC 1116), Feb.17. The Sentinel-class fast response cutter and the fishing vessel Desakata collided while underway
ICS tries again on “Fund and Reward” GHG reduction proposal
The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted a revised proposal to the International Maritime Organization (IMO) that reaffirms the industry’s commitment to
HMM orders nine 9,000 TEU methanol-fueled containerships
South Korea’s HMM is the latest major containership operator to bet on methanol fueling as a path to decarbonization. It has placed contracts worth $1.2 billion with two Korean shipyards for nine
Cybutryne ban in hull coatings comes into force
By Muammer Akturk, ABS Senior Surveyor Amendments to the International Convention on the Control of Harmful Antifouling Systems on Ships (AFS Convention) adopted by the IMO ban the presence of cybutryne in
Sanctioned Singapore oil and gas trader reacts to OFAC designation
On February 9, Singapore’s Unicious Energy Pte Ltd was among nine companies targeted by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) for facilitating the sale and shipment
John Fredriksen seeks seat on Euronav board
In the latest plot twist in the ongoing drama following the collapse of the planned tanker mega merger of Euronav and Frontline, Famatown Finance Limited today announced that it intends to propose