Europe

Grimaldi seeks €200m loan

November 24th, 20150 Grimaldi Group of Italy has headed back to Luxembourg-based European Investments Bank asking for a €200m loan ($212.5m) on a total cost of €501m ($531m) to finance...

Siem Offshore fixes three PSVs

November 23rd, 20150 Norway’s Siem Offshore has bucked the trend of PSV layups, announcing it has been awarded contracts for three of its PSV fleet. Siem Sasha and Sophie Siem will be...

Broad canvas of opinions sought

November 23rd, 20150 Ulf Siwe updates readers on the MONALISA project. Taking maritime transport into the digital era is the MONALISA 2.0 motto and almost 300 people from more than 20...

Fire hits MSC containership off Germany

November 21st, 20151 An MSC containership was hit by a fire while in the North Sea yesterday afternoon travelling to Hamburg from Antwerp. German press reports that 12,400 teu was south...

Deep Sea Supply planning further layups

November 20th, 20150 John Fredriksen controlled Deep Sea Supply has revealed in its third quarter results it expects to lay up more vessels. The company said today that as a consequence...

Baltic Dry Index hits new record low

November 19th, 20150 Today's Baltic Dry Index (BDI) is 504 points, down 15 points on yesterday's level and a new all-time low for the freight index. The BDI's previous low point came on...
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