LENDING TO GREEK SHIPPING DOWN, THOUGH MORE BANKS INVOLVED
Greek ship finance continues its y-o-y contracting, first registered in 2009. Dawn of 2016 bank loans to Greek shipping stood at $62.711bn, a y-o-y decrease of 2.04%, but more banks are lending .
DRITSAS 'SURPRISED BY SPEED' OF WATER INTO LISTING FERRY
Greek authorities inspected the listing ropax at anchor in Piraeus shortly before the influx of thousands tons of water. Shipping minister, Dritsas, said "suspected sabotage of the ship was investigated”.
FORWARD LOOKING CAPITAL PRODUCT IN MOVE TO SECURE LIQUIDITY
Capital Product Partners, has posted stable solid financial results for the first quarter and has unveiled a plan to secure liquidity reflecting the company's exposure to troubled Hyundai Merchant Marine .
CLEAR MESSAGE AS IMO TAKES ACTION ON CLIMATE CHANGE
Imo's MEPC has approved mandatory requirements for ships to record and report their fuel consumption, sending a clear and positive signal about Imo's commitment to climate change mitigation.
VALE BACKS OUT OF SOUTH AMERICAN TERMINAL DEAL WITH NAVIOS
Navios Maritime confirms Brazil’s Vale will not fulfill a contract to use a terminal being built by Navios South American Logistics currently under construction in Nueva Palmira for $150m.
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