Trump Adds Tariffs on USD 200 Bn of Chinese Imports

The Trump Administration is to proceed with placing additional tariffs on some USD 200 billion worth of imports ...

Maersk’s Fuel Costs Set to Rise by USD 2 Bn from 2020 Sulphur Cap

The annual fuel bill of Danish shipping giant A.P.Moller Maersk is set to increase by USD 2 billion a year, at...

Navios Partners Buys Panamax Duo for USD 27 Mn

Greek owner and operator of container and dry bulk vessels Navios Maritime Partners has reached an agreement to purchase two Panamax vessels for a total of USD 27 million.

Euronav Secures USD 410 Million Credit Facility

Euronav NV announces today that it has signed a new USD 410 million senior secured amortizing revolving credit facility. The facility has been made available on 16 December 2016 for the purpose of refinancing 11 vessels as well as Euronav’s general corpor

Report: Ailing Shipbuilder DSME to Get USD 2.4 Bn from Creditors

Creditors of the financially-troubled Daewoo Shipbuilding & Marine Engineering (DSME) plan to financially support this South Korean shipbuilder with KRW 2.8 trillion (USD 2.4 billion), under proviso that the company’s labor union accepts the restructuring

NYK Line Nets USD 190 Mn Loan for Cameron LNG

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK LINE) has through its subsidiary Rosewood Shipping PTE...

HHI Posts USD 2 Bln Loss

The world’s largest shipbuilder Hyundai Heavy Industries (HHI) recorded a loss of USD 2 billion (KRW 2.21...