Shipping’s Decarbonization Will Need Major R&D Investment

Collaboration and investment in technology development key for meeting IMO's targets

Jinui Shipping Renegotiates Debt on 25 Bulkers

Hong Kong-based shipping company Jinhui Shipping and Transportation Limited has reached an agreement with four ...

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Economou Takes Over Larger Part of DryShips' Debt

Greece-based owner of dry bulk carriers and offshore support vessels DryShips revealed that its chairman and CEO ...

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Alphaliner: Hapag-Lloyd Unveils UASC's USD 4 Bn Debt

Ahead of Hapag-Lloyd’s annual general meeting, the German company has revealed the financials of its merger ...

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Hanjin Shipping Negotiating Debt Repayment Delay

Due to a prolonged period of slowdown in the shipping industry, South Korea’s cash-strapped company Hanjin Shipping ...

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China Shipbuilding Selling Shares to Raise USD 586 Mn

In an effort to reduce its debt, China Shipbuilding Industry Co. has revealed plans to raise some CNY 3.9 billion ...

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Overdue Containers Push Venezuela’s Debt to USD 1 Bln

As a result of a number of delays in returning containers or completely failing to do so, the Venezuelan state ...

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Hanjin Shipping Moves Forward with Sale of London Office

South Korean shipping company Hanjin Shipping has agreed the sale of its office building in London as it fights to ...

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Daiichi Chuo Files Its Rehabilitation Plan

Japan’s dry bulk shipping company Daiichi Chuo Kisen Kaisha and its wholly owned subsidiary Star Bulk ...

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Ardmore Set for Growth as It Refinances Debt

Irish tanker owner and operator Ardmore Shipping Corporation has completed a refinancing of substantially all of ...

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Paragon Shipping to Settle Debt through Vessel Sale

Athens-based Paragon Shipping Inc. has entered into an agreement with Commerzbank AG for the settling of all ...

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AMSC Closes USD 450 Million Loan

American Shipping Company (AMSC) said that it has closed its previously signed agreement for USD 450 million ...

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Eitzen Secures USD 100 Mln Loan

Oslo-based owner and operator of chemical tankers Eitzen Chemical ASA has entered into a loan facility with ...

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Dubai World to Refinance USD 14.6 Bln Debt

Dubai government-owned conglomerate Dubai World has struck a new deal with creditors to extend and amend its ...

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ZIM Climbs the Hole

ZIM Climbs the Hole

Israeli containership owner and operator ZIM has managed to cut its loss for the quarter ending September 30 on the ...

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SNCM to File for Bankruptcy

Debt-stricken French ferry operator Société Nationale Maritime Corse Méditerranée (SNCM) plans to file for ...

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TORM Strikes Deal on Restructuring

Copenhagen-based shipping company TORM has today entered into an agreement with a group of its current lenders, ...

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Eagle Cleared for Restructuring

Eagle Cleared for Restructuring

The US judge Sean Lane has approved Eagle Bulk Shipping’s restructuring plan at the US Bankruptcy Court in New ...

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SNCM Sinking Further in Debts

Debt-laden ferry operator Societé Nationale Corse-Méditerranée (SNCM) is sailing in turbulent waters and will ...

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ZIM Cuts Losses

ZIM Cuts Losses

Israel’s shipping company ZIM Integrated Shipping Ltd. has published its results for the second quarter of ...

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Exclusive: Workers Left High and Dry as GoAGT Goes Insolvent

Maritime security company GoAGT Ltd, headquartered in Malta, has hit the headlines as reports on the company going ...

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Eagle Bulk Seeking Relief in Chapter 11

Eagle Bulk Restructures Debt

Eagle Bulk, the parent company of Eagle Bulk Shipping Inc, has commenced a voluntary “prepackaged” ...

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