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Strong conditions prompt Zim to pay off bond debt as it confirms IPO is on the cards
Shipping groups estimate about 400,000 crew are now stuck at sea with the same number on land. But the complexities of the pandemic make finding such numbers a guessing game
Russian oil companies comprise nearly half the revenues, as Sovcomflot becomes a “seaborne extension” of energy pipelines
All International Group affiliates bar Steamship lost money on underwriting last year, although most turned surplus on back of improved investment return, says annual report from brokers
Sentiment is mostly positive in the largest of the dry bulk segments with capesize rates up almost 50% on the week. Market participants believe that higher earnings are possible in the fourth quarter of the year, which is usually the strongest, despite the futures market being in backwardation
While awaiting regulatory approvals for its high-profile merger with fellow Korean shipbuilder DSME, HHI's Korean Shipbuilding & Offshore Engineering continues to add to its order backlog. These latest contracts cover the construction of four VLCCs and are worth a total of $360m
Up to 1m seafarers could be impacted by the political impasse over crew changes as the UN is warned that a failure to act could result in a humanitarian crisis and risk the safety of global trade
The extent of the damage from the ransomware attack on CMA CGM remains unknown and any attempt to determine the impact would be pure speculation, according to a maritime cyber security expert. Much of the company’s network is still closed more than 24 hours after the incident
Incident comes after a string of blazes on vessels of this type, including Yantian Express, APL Vancouver, E.R. Kobe, KMTC Hong Kong and Grande America
In the 26 years since the vessel’s capsize and sinking, several conspiracy theories have emerged. The new footage has been taken seriously by the Estonian prime minister
German terminal operator signs deal for a 50.01% share in Piattaforma Logistica Trieste, or PLT, located on Italy’s Adriatic coast. The acquisition represents the group’s third foray overseas, in addition to terminal interests in Ukraine and Estonia
‘Last month we announced a new direction for Scorpio Bulkers — offshore wind as a sustainable business opportunity. This sale represents a step, one of the many deliberate steps we must take, in our transition,’ said chief executive Emanuele Lauro
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