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Global Maritime Events

All the latest news and analysis of Global Maritime Events

Overcapacity – Looming Threat for Cargo Industry in 2018

A report by the Business Standard underlines overcapacity as the biggest issue for cargo shippers in 2018. With more than 220 cargo ships scheduled for...

STX Corp to Be Sold to Chinese Firm

The Korea Development Bank (KDB) notified AFC Korea Co., a subsidiary of Chinese private equity fund (PEF) AFC, that it was selected as the...

Busan Port’s Trade Volumes to Cross 20Mn TEUs in 2017

In a ceremony on the 26th, Busan Port Authority (BPA, President WOO Ye-jong) thanked employees for their hard work in achieving their goal to...

Port Blast in Argentina Kills One, Injures Others

According to Reuters, an explosion at a grains terminal in Argentina owned by China's COFCO International on Wednesday killed one employee, injured others and...

China Developing First Smart Crude Oil Carrier

China Daily has reported that engineers with Dalian Shipbuilding Industry Co are working on China’s first smart crude oil carrier, which will incorporate technology...

Qatar Keen to Boost Maritime Trade with Iran

Qatar is keen on the expansion and facilitating maritime trade with Iran. This was underlined by Qatari Minister of Transportation and Communications Jassim Saif...

DryShips Receives Senior Secured Credit Facilities, Sells Panamax Vessel

DryShips Inc. today announced the following transactions: The Company has received two firm commitments for senior secured credit facilities of up to an aggregate...

d’Amico Announces the Sale and Leaseback of MT High Freedom

d’Amico International Shipping S.A. announced that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers”) signed a memorandum of agreement and bareboat charter...

Euroseas Announces Delivery of Acquired Boxship and Sale of Feeder Vessel

Euroseas Ltd., announced today that it took delivery of M/V Akinada Bridge, a 5,600 teu post-panamax size container vessel built in 2001 in South...

Russian Cargo Vessel Stuck off Portsmouth

HM Coastguard (HMCG) is assisting a Russian flagged cargo ship which started to list to one side just outside Portsmouth Harbour. Due to adverse...