Additionally, Moody’s upgraded the company’s probability of default rating (PDR) to B1-PD from B2-PD and its senior unsecured bond ratings to B3 from Caa1, with a...
Retrofitting of the 15,000 TEU vessel “Sajir” to use LNG propulsion / Pilot project paves the way for converting large ships to LNG / 15 to...
The contract for the retrofitting was signed last week with Hudong HONDHOA Shipbuilding, the company said, adding that the conversion would be carried out in the...
The senior note was issued in February 2017 with an aggregate principal amount of EUR 450 million. The annual coupon is 6.75 percent. As informed, the...
General Average is a principal in maritime law under which all parties with a financial interest in the voyage are to proportionally share the losses resulting...
On January 7, 2019, the 95-meter-long tugboat was en route to the 7,506 TEU boxship which was some 1,015 miles northeast of Bermuda, according to the...
On 3 January, a fire broke out in one container on the deck of the Yantian Express and spread to additional containers. Due to bad weather...
THE Alliance revealed that it would deploy a fleet of more than 249 ships connecting 76 ports throughout Asia, North Europe, the Mediterranean, North America, Canada,...
The 15,000 TEU ship “Al Jmeliyah” was officially christened in Rotterdam. Naming patron is Inge Sijbesma, the wife of Feike Sijbesma, CEO of the corporation DSM...
Hapag-Lloyd, Ocean Network Express, and Yang Ming have announced the strategic cooperation with CMA-CGM, COSCO, and OOCL to enhance their Mediterranean – U.S. East Coast service...