Castor Maritime Inc., a diversified global shipping company, announces that its board of directors (the “Board”) has determined to effect a 1-for-10 reverse stock split of the Company’s common shares. The Company’s shareholders approved the reverse stock split by a...

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The owner of a container ship that blocked the Suez Canal in March says the canal authority was at fault over its grounding as it disputes the vessel’s detention and a compensation claim, a lawyer representing the owner said on Saturday. The Ever Given, one of the...

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The Maritime Safety Committee (MSC 103) meeting of the International Maritime Organization (IMO) was held remotely from 5 to 14 May. One of the issues discussed at the meeting – among a very comprehensive list on the agenda, was new measures to mitigate for containers...

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Mitsui E&S Shipbuilding Co., Ltd., Mitsui O.S.K. Lines, Ltd., Tokyo University of Marine Science and Technology, Akishima Laboratories (Mitsui Zosen) Inc., and MOL Ferry Co., Ltd. announced the success of a demonstration test (from March to April 2021) of their...

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Seven grains ships stranded at Argentina’s export hub of Rosario will be towed free and sent out to sea after they were loaded with more produce than could be carried on the port’s increasingly shallow waters, local authorities said on Friday. Rosario traffic has been...

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