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Castor Maritime Inc. Announces $18.0 Million Debt Financing

Castor Maritime Inc., a diversified global shipping company, announces the closing and drawdown, through two of its ship-owning subsidiaries, of a $18.0 million senior term loan facility with a European bank (the “$18.0 Million Financing”), secured by two of...

Wintermar Offshore Reports 1Q2021 Results

Wintermar Offshore Marine (WINS:JK) has announced results for 1Q2021. Wintermar is back in the black with net profit before tax of US$0.2 million, after three quarters of net losses. Business conditions have improved in 1Q2021 since the worst of...

Fifteenth edition of the “Student Naval Architect Award”

The RINA-d’Amico “Student Naval Architect Award” was awarded last week by the Royal Institution of Naval Architects – a professional international association of naval architects founded in London in 1860 – in partnership with the d’Amico Group to Rebecca...

K Line: Brief report of the the year ended March 31, 2021

1. Qualitative Information and Financial Statement (1) Qualitative Information about the Consolidated Operating Result 1) Summary of Consolidated Operating Results for FY2020 Due to significant business performance improvement of OCEAN NETWORK EXPRESS PTE. LTD. (hereinafter referred to as “ONE”),...

Research houses keep upbeat stance on MISC as 1Q results within expectations

Kenanga Research has maintained its “outperform” call on MISC Bhd, with an unchanged target price (TP) of RM8.10, as the shipping company’s financial results for the first quarter ended March 31, 2021 (1QFY21) were within expectations. In a research...

Autonomous shipping, Covid-19 impact, security and fuel safety in spotlight

The foundations for the future development of a regulatory framework for Maritime Autonomous Surface Ships (MASS) will be laid at the 103rd session of IMO’s Maritime Safety Committee (MSC), held in remote session from 5 to14 May 2021.  The Committee will consider the outcome of...

Stranded sailors: ‘Mt Iba’ tanker crew to leave Dubai on repatriation flights

The crew of the abandoned merchant tanker Mt Iba are set to fly home to their families after four years stranded in the Gulf. Sailing into Dubai Maritime City (DMC) port marked an end to a ordeal that made...

Hot market creating a ‘war’ for freight brokerage talent

Last Monday, Amit Mehrotra, an analyst at Deutsche Bank, stated that due to customer demand, low inventory levels, housing demand and federal stimulus, the current market constraints on trucking and international container capacity are likely to continue into 2023....

BW Epic Kosan – BUY NOK 22 (prev. BUY 20) – 1Q Preview: A...

BW Epic Kosan, which we all knew as Epic Gas previously, is reporting its 1Q21 results next Wednesday. Due to uncertainty on accounting we present our expectations of the old part of the company for 1Q and add the...

Nor-Shipping to identify post-pandemic potential on new industry talk show

In a world of continuing uncertainty, Nor-Shipping is calling on industry experts to assess today’s market and tomorrow’s post-pandemic potential in its new online talk show, airing on 1 June. The Today Show by Nor-Shipping has already confirmed DNB...

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Increasing popularity for workboat decarbonisation webinar series

Over 500 delegates from across the globe virtually gathered on the 6th May to hear experts in commercial marine hybridisation and electrification talk about...

IWMA to support UN GoalsHamburg

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