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Paragon Shipping terminates Supramax charter

Athens-headquartered Paragon Shipping Inc. (NYSE: PRGN) says that Deiulemar Compagnia di Navigazione SpA, the charterer of the M/V Friendly Seas, a 2008-built 58,779 dwt Supramax bulk carrier has continued to fail to

Japanese shipbuilding merger goes ahead

A merger of Japanese shipbuilders that has been long in the works looks set to finally become reality. According to agency reports, steelmaker JFE and industrial giant IHI have issued a stock

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Sørensen named CEO of Maersk Tankers

Hanne B. Sørensen has been appointed new CEO of Maersk Tankers effective February 13. Sørensen, the Chief Commercial Officer (CCO) of Maersk Line, succeeds Søren Skou, who recently assumed the position as