Coast To Coast
Credit Suisse Fined $475M for Fraudulent Fishery Development Loan
In 2013-2014, three newly established Mozambican companies took out a $2.2 billion loan. They all had links to people in...
Standoff As Kenya Rejects ICJ Ruling On Maritime Dispute
Kenya has vowed it will not abide by an International Court of Justice (ICJ) ruling that has given Somalia control...
Italian Captain Sentenced To Prison For Bringing Migrants To Libya
The captain of an Italian-flagged OSV has been sentenced to prison for returning a group of maritime migrants to Libya,...
UK’s Felixstowe Port Crisis Is Yet Another Sign Of A Collapsing Supply Chain
Ports left and right are starting to feel the impact of the supply chain crisis and are showing signs of...
Dry Bulk Carriers in High Demand as Rates Keep Rallying
Demand for dry bulk tonnage has remained high in the S&P market. In its latest weekly report, shipbroker Allied Shipbroking...
Export-Import Bank Signs MOU With Angelicoussis Group To Finance New Orders
The Export-Import Bank of Korea said Wednesday it signed an memorandum of understanding with Angelicoussis to provide financial assistance for...
Greece Completes Transfer of Piraeus Port Stake to COSCO
Greece’s privatisations agency transferred shares corresponding to a 16% stake in Piraeus Port Authority to Chinese port operator COSCO Shipping...
IMO Signs Three Agreements With Saudi Arabia To Reduce Ship-Based Emissions
The International Maritime Organization (IMO) and Saudi Arabia have signed three agreements to support projects that target reducing emissions from...
Hanjin Secures $270m Shipbuilding Contract For Four Container Ships
South Korean shipbuilder Hanjin Heavy Industries and Construction has secured a $270m contract for the construction of four container ships....
Dry Bulk Shipping Rates Hit $80,000 Per Day As Buyers Scramble For Coal
Yet another sign of stress for energy supplies and global supply chains: Spot rates for large dry cargo ships just...
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