According to a Nov. 4 report from Bloomberg, Offshore Vessels LLC, a Louisiana ship-operating company has been ordered to pay $2.1 million for the illegal discharge of oil into the oceans.
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Singapore Shipping Corporation(SSC)'s net profit increased 7.8 per cent to US$9.6 million for the financial year ended March 31, 2016, compared to the previous year.
Hanjin Paradip resume its sailing from South Africa as talks continue with owner over unpaid charter fees. The ship had been detained in Richards Bay, South Africa
South Korea's STX Offshore & Shipbuilding Co. has filed for receivership, following massive losses that have mounted up over the past two years, says a report in the WSJ.