Car carrier explosion raises Gulf of Oman security concerns
An Israeli-owned car carrier, the MV Helios Ray, has been damaged by an explosion that occurred when the vessel was in the Gulf of Oman, approximately 44 nautical miles northwest of Muscat.
An Israeli-owned car carrier, the MV Helios Ray, has been damaged by an explosion that occurred when the vessel was in the Gulf of Oman, approximately 44 nautical miles northwest of Muscat.
CMA CGM Group Chairman & CEO Rodolphe Saadé announced today that he will dedicate six new liquefied natural gas (LNG) fueled containerships to the U.S. market, as part of the group’s ongoing
After taking a pause to maintain apparatus, the St. Simons Sound Response team today resumed cutting operations on the hull of the capsized car carrier Golden Ray, which is being sliced into
By dropping in bio-LNG to their fuel mix, owners of LNG-fueled ships could extend the time through which they are eligible for preferential “green” financing under the Poseidon Principles. The SEA-LNG coalition
Naples, Italy, headquartered Grimaldi Group has signed a $600 million agreement with South Korean shipbuilder Hyundai Mipo Dockyard covering the construction of six new RO/RO multipurpose vessels. With a length of 250
CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business served as sole lead arranger on a $45 million financing for a portfolio of seven containerships. The financing was arranged on
By Martin Wallgren, Chief Information Officer at GAC Group Done right, digital transformation has boundless potential for shipping. But doing it right demands resilience, the right mindset and a clear focus on
In what Chairman Peter Livanos calls “a transformative next step,” Piraeus, Greece, based LNG carrier specialist GasLog Ltd. reports that it has entered into an agreement and plan of merger with BlackRock’s
Maersk today gave more details of the February 17 incident in which the 13,100 TEU containership Maersk Eindhoven lost 260 containers overboard while en route to the U.S. West Coast. The incident
Royal Caribbean Group (NYSE: RCL) today reported financial results for the fiscal year of 2020 that included a U.S. GAAP net loss of $5.8 billion compared to net income of $1.9 billion