MARCH 8, 2017—Back this past February, a South Korean court declared Hanjin Shipping bankrupt. The bankruptcy sent shockwaves through the shipping industry. Montgomery McCracken’s Wook Chung, Esq., the former general counsel for
MARCH 7, 2017 — International Shipholding Corporation (ISHC) says it has completed an important step towards emerging from bankruptcy with the confirmation of its Chapter 11 plan of reorganization by the U.S.
MARCH 7, 2017 — Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed a new joint venture company agreement. The new joint venture, to be known as CSSC Wärtsilä Electrical & Automation
MARCH 7, 2017 — DHT Holdings, Inc. (NYSE:DHT) reports that it has entered into agreement to sell the DHT Phoenix, a VLCC delivered by Daewoo Shipbuilding and Marine Engineering in 1991, for
MARCH 6, 2017 — A plan by Spain’s Fred. Olsen S.A. to convert all four engines of its 96 m Incat wavepiercer Bencomo Express to dual fuel LNG operation has passed a
MARCH 6, 2017—Headquartered in Norway, Vard Holdings Limited (VARD) has secured a framework agreement valued at about NOK 48 million (about $6.84 million) for the maintenance of five Coast Guard vessels for
MARCH 6, 2017—Canada’s Davie Shipbuilding recently awarded a contract to the ALMACO Group for the delivery of the superstructure of Project Resolve, a Royal Canadian Navy AOR vessel. This would be the
MARCH 6, 2017 — IBM (NYSE: IBM) and Maersk are to collaborate to use blockchain technology to help help manage and track the paper trail of tens of millions of shipping containers
MARCH 3, 2017 — Congressman John Garamendi (D- CA), Ranking Member of the Subcommittee on the Coast Guard and Maritime Transportation, has introduced H.R. 1240, the “Energizing American Maritime Act.” The bipartisan
MARCH 3, 2017 — U.S. Senator Thad Cochran (R-Miss.) said yesterday that an agreement on a final FY2017 Defense Appropriations Bill has been reached that would increase funding for new ships for