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Ship managers face rising litigation exposure as US$2.5 million claim highlights risk of inherited ship conditions

Ship managers are facing increasing litigation risks that are linked to inherited ship conditions, highlighted after a recent incident in which claims exceeding US$2.5 million were brought against a ship manager after taking over a defective ship. The claim, which was...

Indian subcontinent ship recycling market hits rare May supply squeeze

The Indian subcontinent (especially India and Pakistan) ship recycling market has entered a rare period of inactivity, with Wirana Shipping’s latest market outlook report showing hardly any new recycling candidates circulated during the week and no vessels currently...

Does timing matter when selling FuelEU surplus?

Selling FuelEU compliance surplus early offers lower risk. Waiting until the end of the pooling year could deliver higher payoffs, but the window to act is narrow and the outcome is uncertain. Potential FuelEU Maritime pooling values are large enough to materially...

Baltic Dry Index Falls to Near 1-Week Low

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was down for a second session on Monday, falling about 1.9% to a near one-week low of 3,092 points, amid weakness in the larger vessel segments. The capesize...

Genco Shipping & Trading Limited Sends Letter to Shareholders from Chairman and CEO John Wobensmith

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today sent a letter to Genco shareholders from John Wobensmith, the Company’s Chairman and Chief Executive Officer. Highlights...

Diana Shipping Inc. Cautions of Significant Downside Risk in Genco’s Share Price

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of Genco Shipping & Trading Limited GNK (“Genco”), today cautioned that Genco’s current share price appears to...

Ship managers face rising litigation exposure as US$2.5 million claim highlights risk of inherited ship conditions

Indian subcontinent ship recycling market hits rare May supply squeeze

Does timing matter when selling FuelEU surplus?

Baltic Dry Index Falls to Near 1-Week Low

Genco Shipping & Trading Limited Sends Letter to Shareholders from Chairman and CEO John Wobensmith

Diana Shipping Inc. Cautions of Significant Downside Risk in Genco’s Share Price

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