Marine transportation and construction services company Curtin Maritime announced John Huit has joined the company as vice president of dredging, responsible for leading the company’s dredging operations, managing the fleet of dredging vessels.Huit…
https://www.marinelink.com/news/curtin-maritime-names-huit-vp-dredging-504007
Ratings agency Fitch has said that two Adani Group subsidiaries are exposed to heightened contagion risks as a result of governance weakness at the conglomerate’s sponsor level. Adani Transmission Limited and Adani Ports and Special Economic Zone are prone to risks which could affect financial...
Newbuilding orders have rebounded strongly over the course of the past week, while demand was increased in the S&P market as well. In its latest weekly report, shipbroker Allied said that “this week saw strong contracting activity, although it lacked orders of the magnitude of ONE’s 10 vessel deal...
https://www.hellenicshippingnews.com/newbuilding-orders-rebounded-strongly/
The boss of British fashion retailer Next said on Wednesday he did not think the downturn in the UK economy would be long lasting and anticipates a sharp recovery in 2024. Recent gauges of Britain’s economy, such as consumer confidence data, have suggested it could sidestep a prolonged recession...
https://www.hellenicshippingnews.com/next-boss-downturn-in-uk-economy-wont-be-long-lasting/
US fund continues to take advantage of tanker share rally to trim its stakes in sector companies
More than 207 million tons of commodities were loaded and unloaded in the ports of country during the past Iranian calendar year 1401 (ended on March 20), the head of Iran’s Ports and Maritime Organization (PMO) announced in a message on the occasion of the New Year. In addition to the unloading...
Louisiana shipowner sees Military Sealift Command deal extended, with more in the offing
Tankship Maersk Magellan (IMO 9447732), which was barred from entering the Spanish port of Tarragona on February 10th due to concerns about a possible breach of sanctions rules relating to Russia, will now dispose of the cargo by a STS transfer outside EU waters (IMN February 15th 2023) The tanker...