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
Norsepower has completed its second rotor sail installation for Scandlines, adding a 30 meter high rotor sail to the hybrid ferry, M/V Berlin in an operation that was completed within a few
In a Marine Safety Alert released yesterday, the Coast Guard reports that a towing vessel operating in a pushing-ahead configuration experienced a loss of all propulsion while operating on the Mississippi River.
Houston headquartered offshore service vessel giant Tidewater (NYSE:TDW) has released its second formal sustainability report, disclosing its environmental, social, and governance (ESG) performance in 2021. In his introduction to the report, Tidewater
Underscoring the growing U.S. interest in all-electric and battery-hybrid vessels, Corvus Energy is expanding its U.S. operations by opening a new factory in Washington State. Corvus is the leading international supplier of
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’
Could the plastic waste polluting the world’s oceans be scooped up and converted into clean hydrogen at sea? That’s the plan behind an innovative concept ship design being developed by New York
“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