Private Alafouzos family firm snaps up VLCC from SK Shipping
Kyklades Maritime makes a rare secondhand purchase in a deal that bellies fears about a deep discount for VLs
X-Press Feeders Converts Methanol-Ready Ships on Delivery
The pace of uptake for methanol-fueled operations is even surpassing the expectations of the industry from just a few years…
Gaza Aid Pier Shuts Down Again for Maintenance
Five days after the U.S.-operated aid pier for Gaza was re-anchored at its station, its operations have been suspended once…
Romania Begins Insolvency Against Damen Mangalia Shipyard
The long-running battle between Damen and the Romanian government over the operations of the Mangalia shipyard on the Black Sea…
EU Details Its First Sanctions Targeting Specific Ships and Sovcomflot
The European Council formalized its fourteenth package of sanctions today and for the first time is listing specific ships targeting…
NTSB Homes In on Connector Device From Dali’s Switchboard
The NTSB has issued an update on its investigation into the disastrous allision of the boxship Dali with the Francis…
JPMorgan wealth head sees China’s economic outlook improving
JPMorgan Chase JPM.N is seeing signs of an improving economy in China that will bolster the bank’s business in the…
There’s likely no such thing as ‘Frexit’: Mike Dolan
Any sustained bet against French government debt can only hinge on a belief in the improbable end of the euro…
Two Lockheed Subsidiaries Settle Charges of Overbilling U.S. Navy
Two subsidiaries of aerospace giant Lockheed Martin have agreed to pay $70 million to settle allegations that they overcharged the…
U.S. Navy Loosens Physical Fitness Rules, Giving Flexibility to COs
The U.S. Navy has minimum physical fitness standards for its recruits, and active-duty servicemembers and reservists also have to pass…