Search Results for "how to buy ships"

South Korean Banks Give DSME $2.4 Billion in Aid

November 10, 2016

Struggling Daewoo Shipbuilding & Marine Engineering will receive an injection of 2.8 trillion won ($2.4 billion) from two state-run creditor banks to save it from being delisted, one of the lenders sa...

Rep. Randy Forbes Likely Pick for Secretary of the Navy

By The Maritime Executive

November 10, 2016

USNI News reported Thursday that the likely pick for Secretary of the Navy in the Trump administration is Representative Randy Forbes (R-VA). A spokesperson on Rep. Forbes’ congressional staff cou...

Hanjin Shipping Lays Off Over 500 Mariners

By The Maritime Executive

November 10, 2016

Hanjin Shipping has laid off 560 of its mariners in addition to the 400 shoreside staff dismissed in October. Hanjin has also already announced plans to shutter its European shoreside presence. Ove...

Malaysia, Hong Kong Reject Toxic Waste Shipment

By The Maritime Executive

November 10, 2016

Early this month, Hong Kong authorities ordered a container carrier to return more than 120 containers of suspected toxic waste to their port of origin. Malaysian media reported that a container v...

Vard Sees Stronger Returns Through Diversification

By The Maritime Executive

November 10, 2016

On Thursday, Norwegian shipbuilder Vard reported that its diversification strategy into cruise vessel construction contributed to improved results in the third quarter of the year. Vard has histori...

Anniversary: Edmund Fitzgerald Sinking, 29 Lives Lost

By The Maritime Executive

November 10, 2016

The bulk carrier Edmund Fitzgerald sank on the evening of November 10, 1975, during a particularly rough storm on Lake Superior. There were no survivors amongst the ship’s 29 crew and no witnesses to...

U.K. Bulk Terminals Face Uncertain Future

By The Maritime Executive

November 10, 2016

Some of the U.K.’s 80 to 90 bulk terminals face uncertain futures as imports of key dry bulk commodities dry up following the recent closures of a number of coal-fired power stations and a reduction i...

Climate Change, Deepwater Horizon Scientist Dies

By The Maritime Executive

November 10, 2016

U.S. National Academy of Sciences President Emeritus Ralph J. Cicerone - a world-renowned authority on atmospheric chemistry and climate change - died at his home in New Jersey on November 5. He was 7...

MM&P President Receives U.S. Shipping's Highest Honor

By The Maritime Executive

November 10, 2016

MM&P President Don Marcus received the Admiral of the Ocean Sea (AOTOS) award – the U.S.-flag fleet’s honor for lifetime achievement – at an October 28 ceremony sponsored by the United Seamen’s Servic...

Port State Control to Target Sulfur Compliance

By The Maritime Executive

November 10, 2016

The two major port State control regimes, Paris MoU and Tokyo MoU, will increase focus on the sulfur limit regulations after reaching an agreement to carry out a Concentrated Inspection Campaign (CIC)...

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