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Euroholdings, a Nasdaq-listed spinoff and subsidiary of Greek containership owner Euroseas, has initiated a search for strategic options for its business. The company, incorporated in March this year, said that its board, led by chairman Aristides Pittas, has launched a “comprehensive review of strategic alternatives to maximize shareholder value”. Multiple options on the table include …
https://splash247.com/euroseas-spinoff-exploring-strategic-options-including-sale/
https://splash247.com/euroseas-spinoff-exploring-strategic-options-including-sale/The Mediterranean Sea Emission Control Area (ECA) for sulphur oxides enters into effect on 1 May.This will make the Mediterranean Sea the fifth ECA for sulphur oxides in the world.In the Mediterranean Sea, it means ships will have to use marine fuel with lower sulphur content…
https://www.marinelink.com/news/mediterranean-eca-effective-may-525243
https://www.marinelink.com/news/mediterranean-eca-effective-may-525243Ang Wee Keong, currently the Assistant Chief Executive (International) of the Info-Communications Media Development Authority (IMDA), will take on the role of Chief Executive of the Maritime and Port Authority (MPA) effective June 16.In his current role…
https://www.marinelink.com/news/new-chief-executive-appointed-mpa-525244
https://www.marinelink.com/news/new-chief-executive-appointed-mpa-525244Coast Guard Sector New York personnel conducted three warehouse spot checks at the Port of New York and New Jersey this week, uncovering a 60% deficiency rate in hazardous material compliance. The targeted inspections, driven by Customs and Border Protection (CBP) container screening data…
https://www.marinelink.com/news/coast-guard-partners-target-containers-525221
https://www.marinelink.com/news/coast-guard-partners-target-containers-525221The Philippines and New Zealand strengthened defence ties with the signing of a landmark troop pact on Wednesday, opening the way for expanded military cooperation amid shared security concerns in the Indo-Pacific region.The Status of Visiting Forces Agreement, signed in Manila by Philippine Defense
https://www.marinelink.com/news/philippines-new-zealand-strengthen-525225
https://www.marinelink.com/news/philippines-new-zealand-strengthen-525225Ukraine's navy said it retrieved and defused a Russian FAB-500 aviation bomb at the shores of Odesa on Tuesday (April 29).Reuters was not able to verify the location or date of the Navy's footage from underwater and from the controlled explosion, however, a Reuters correspondent filmed the Navy retr
https://www.marinelink.com/news/ukrainian-navy-retrieves-defuses-russian-525226
https://www.marinelink.com/news/ukrainian-navy-retrieves-defuses-russian-525226Norwegian Cruise Line Holdings missed estimates for first-quarter revenue and profit on Wednesday and warned of weak consumer spending on premium voyages due to growing concerns over a possible recession, sending its shares down 9%.The cruise…
https://www.marinelink.com/news/norwegian-cruise-line-misses-quarterly-525228
https://www.marinelink.com/news/norwegian-cruise-line-misses-quarterly-525228Indian Oil Corp has signed a five-year import deal with trader Trafigura to buy 2.5 million metric tons of liquefied natural gas (LNG) in a $1.3–$1.4 billion deal, Chairman A S Sahney said on Wednesday.Supplies under the deal would begin from the second half of this year…
https://www.marinelink.com/news/indian-oil-signs-fiveyear-lng-deal-525229
https://www.marinelink.com/news/indian-oil-signs-fiveyear-lng-deal-525229Freight rates for ESPO Blend crude shipped from the Russian port of Kozmino to China eased further in April to the lowest since mid-January on higher availability of tankers, three traders said.Lower rates mean Russian exporters will spend less…
https://www.marinelink.com/news/russian-espo-blend-oil-freight-rates-hit-525234
https://www.marinelink.com/news/russian-espo-blend-oil-freight-rates-hit-525234ClassNK has released "Prime Shipmanagement Guidelines," which aim to achieve sustainable ship management with safety as the highest priority. With an evolving environment surrounding ship management, including fuel transition, stricter regulations…
https://www.marinelink.com/news/classnk-releases-ship-management-525235
https://www.marinelink.com/news/classnk-releases-ship-management-525235