Eagle Bulk Shipping Inc. Receives Commitment for a New Credit Facility Totaling USD 208 Million

Eagle Bulk Shipping Inc. announced that Eagle Bulk Ultraco LLC, a wholly-owned subsidiary of the Company, has received a loan commitment from a consortium of banks for a new five year senior secured facility (the “Facility”) totaling approximately USD 208 million, bearing an interest rate of LIBOR...

https://www.hellenicshippingnews.com/eagle-bulk-shipping-inc-receives-commitment-for-a-new-credit-facility-totaling-usd-208-million/

Dualog takes cyber security to a higher level by launching ‘dualog protect’

Tromso-based Dualog has taken shipboard cyber security to a higher level by launching a new service that promises to totally protect vessels and their onboard IT systems even before an attack occurs. Dualog Protect is being heralded as the first line of defence in a robust approach to cyber...

https://www.hellenicshippingnews.com/dualog-takes-cyber-security-to-a-higher-level-by-launching-dualog-protect/

As IMO 2020 lures newcomers to bunker sector, profit is far from guaranteed

A pharmaceutical company’s ill-fated attempt to focus on trading bunker fuel derivatives highlights the unpredictability that IMO 2020 has injected into oil markets. Having sold off its opioids business the previous year, in early 2018, Norway’s Vistin Pharma announced it would set up a new oil...

https://www.hellenicshippingnews.com/as-imo-2020-lures-newcomers-to-bunker-sector-profit-is-far-from-guaranteed/