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April 10, 2021
A pandemic problem no one has solved: Marine workers stuck at sea Travel restrictions have seafarers stuck aboard ships or unable to leave countries. April 10, 2021 — 8:00am Text size Copy shortlink: Shipping-industry leaders are scrambling to solve the crisis of thousands of maritime workers who have been stranded because of the coronavirus pandemic. Global attention on the Suez Canal blockage last month gave them a new chance. U...
April 8, 2021
SHARE A declaration marking merchant sailors as key workers during the pandemic is a major step towards safeguarding their mental health at sea, shipping experts said. Signed by more than 750 organisations in February, the Neptune Declaration prioritised seafarers in the same way as health workers, putting them at the front of the queue for Covid-19 vaccinations. But with many crews unable to come into ports due to travel restrictions, isolated sailors remain unprotected against the coronavirus...
April 6, 2021
Orient Overseas (International) Limited Announces 2020 Full Year Results Financial and Operational Highlights – Full Year 2020 Container Transport and Logistics business reported EBIT of US$1,005 million, representing an EBIT margin of approximately 12.3%. Liner liftings grew to 7.5 million TEU. Ordered twelve 23,000 TEU new vessels for delivery in 2023 and 2024. Balance Sheet Highlights Net cash of US$253 million as at 31st December 2020 Liquid assets of US$3.3 billion as at 31st December 20...
March 16, 2021
The International Catholic Migration Commission (ICMC) March 16, 2021 Catholic organizations are mobilizing to address an invisible humanitarian crisis affecting men and women who work at sea, while calling on U.S.-based giant retailer Walmart to do more for the wellbeing of seafarers. Have you ever stopped to think how easily you can enjoy your favorite coffee from Brazil, use prescription medicine produced in Germany or fill your car with gasoline made with crude oil from Saudi Arabia? The an...
March 12, 2021
Seacor Marine Announces Fourth Quarter 2020 Results /EIN News/ -- HOUSTON, March 11, 2021 (GLOBE NEWSWIRE) -- SEACOR Marine Holdings Inc. (NYSE:SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced results for its fourth quarter and full year ended December 31, 2020. Notable fourth quarter items include: Entered into definitive agreement to sell Windcat Workboat Holdings Ltd. ...
March 12, 2021
SEACOR Marine Holdings Inc., a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced results for its fourth quarter and full year ended December 31, 2020. Notable fourth quarter items include: • Entered into definitive agreement to sell Windcat Workboat Holdings Ltd. (“Windcat”) and its crew transfer business with ...
March 9, 2021
Advertisement Registration is open for the International Marine Contractors Association (IMCA) joint Asia Pacific and Middle East & India Webinar taking place on 17 March (start time 08:00 GMT). The event, hosted by both IMCA’s Asia Pacific and IMCA’s Middle East & India Regional Committees, focuses on current and topical issues and provides an opportunity for IMCA members to hear the latest on the work of IMCA alongside guest speakers. As Nick Hough, Technical Adviser IMCA explained: “Ou...
March 5, 2021
Eagle Bulk Shipping (EGLE) Q4 2020 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble. Eagle Bulk Shipping (NASDAQ: EGLE) Q4 2020 Earnings Call Greetings and welcome to the Eagle Bulk Shipping fourth-quarter 2020 results conference call. [Operator instructions] Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator instructions] As a reminder, this conference call is b...
March 1, 2021
SEACOR Marine Holdings Inc., a leading provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide, has joined more than 700 companies and organizations in signing the Neptune Declaration on Seafarer Wellbeing and Crew Change (the “Neptune Declaration”). This initiative from the Global Maritime Forum recognizes the ...
February 25, 2021
Home / Shipping News / International Shipping News / Genco Shipping & Trading Completes Ultramax Acquisition and Divestiture Portion of Fleet Renewal Plan, Declares a Regular Quarterly Cash Dividend of $0.02 per Share Genco Shipping & Trading Completes Ultramax Acquisition and Divestiture Portion of Fleet Renewal Plan, Declares a Regular Quarterly Cash Dividend of $0.02 per Share Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the transportation of ...