Costamare is putting some of its mounting cash balance from a sizzling market into a similarly strong dry bulk sector where opportunities may be easier to find
Pan Ocean Co announced its delisting bid after announcing a slew of charters and shipbuilding orders in the LNG space
‘A global minimum tax would erode the business model of flags of convenience and encourage companies to base themselves and their ships in bona fide flag states,’ writes Mark Dickinson
Greek dry bulk carrier owner buys back $78m of older 9.5% bonds and will use the new bond proceeds to finance the remaining portion
‘There is a lot of talk about get in and get out in five years, and hard deadlines for exit for the funds. It turns out five years isn’t a hard deadline,’ says law firm partner
The investment in the Vitol-backed Gen2 Energy will see Höegh LNG collaborate for the seaborne transportation and infrastructure development of green hydrogen out of Norway. The two companies will also work together on potentially green hydrogen propulsion system for ships
Move comes with the Chinese giant’s ambition to further expand globally, despite the ongoing coronavirus pandemic and rising geopolitical uncertainties
Additional capacity will help towards easing supply chain disruption. But strong demand is set to remain into second quarter
New charters commence on June 6 and June 10
If the industry is effectively in the same tax bracket as substantial trucking outfits or high-street retail chains, the matter could be put beyond doubt by publishing the proof
International Salvage Union members reported a total of $98m in revenue from just 52 wreck removal jobs last year, in contrast to a haul of $284m from 101 such services in 2019
The strong container shipping sector will drive many agricultural consignments to the dry bulk segment because of equipment shortages and high freight rates, according to Ocean Analytics founder Ulf Bergman
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