Panama Canal Authority adds three more daily transit slots
Solid amounts of rain have allowed the Panama Canal Authority (ACP) to add three extra slots per day at its panamax locks, taking the total daily maximum transits to 27, still more than 10...
Grindrod secures up to $113m in debt refinancing
Grindrod Shipping has struck a deal for an $83m loan with Nordea Bank and SEB Bank (Singapore). The Singapore-based bulker owner and operator is using the proceeds to refinance the existing $114.1m senior secured...
Safe Bulkers offloads two ships in strong secondhand market
New York-listed Safe Bulkers has continued its fleet renewal programme and also taken advantage of firming tonnage prices having agreed to offload two of its ships in separate deals.
The Monaco-headquartered Greek owner is shipping...
Genco rejects Economou’s board nominees
US-listed bulker owner Genco Shipping & Trading has rejected Greek shipowner George Economou’s two nominees to its board, saying that their additions would not be in the best interest of the company or its...
Western Bulk appoints interim chief executive
Norwegian dry bulk operator Western Bulk Chartering has appointed board member Ørjan Svanevik as interim chief executive officer.
Svanevik, the former director and chief operating officer at John Fredriksen’s Setankers Management, joined Western Bulk’s board...
World’s fastest-growing ship register doubles in size in the space of one month
The world’s fastest growing shipping register has doubled in size in the space of just one month.
Gabon, a small Central African nation on the Atlantic coast, was last year’s fastest-growing shipping registry, a growth...
BP takes final option on Golden Energy Offshore PSV
Oaktree-backed Norwegian owner Golden Energy Offshore Services (GEOS) has clinched a six-month extension for its large platform supply vessel (PSV) Energy Empress.
The seven-vessel strong Oslo-listed outfit said the 2019-built unit has now been fixed until...
Chevron upgrades pair of LNG carriers
Chevron has gone to South Korea to upgrade a pair of LNG carriers. HD Hyundai Marine Solution has been chosen to add re-liquefaction systems, hull air lubrication and new gas compressors to the gas...
Ocean Alliance agreement makes any liner switch unlikely
Lawyers at global liners have been busy poring over the fine print of their alliance set-ups in the week since Hapag-Lloyd shocked its peers by ditching THE Alliance to form the Gemini Cooperation with...
TEN offloads elderly suezmax
Tsakos Energy Navigation (TEN) has cashed in on one of its ageing suezmax tankers.
The New York-listed Greek player has offloaded the 2005-built Eurochampion 2004 to an unnamed buyer in a deal that is expected to contribute...
