The Panama Ship Registry said it “deeply regrets” the grounding of the Japanese-owned and Panamanian-registered MV Wakashio in Mauritius and subsequent oil spill. In a statement, the Panamanian Ship Registry said it is conducting the relevant investigations under the rules of the Code for the Investigation of Marine Casualties and Incidents. The Panamanian Registry has […]
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Container Lines Resume Calls to Beirut as Terminal Restarts Operations
By Jonathan Saul LONDON, Aug 11 (Reuters) – Container lines have resumed calls to Beirut after last week’s explosion, with the terminal having sustained only minor damage, leading companies said on Tuesday. The Aug. 4 blast in Beirut’s port, which killed more than 160 people and injured 6,000 more, demolished entire neighbourhoods of Lebanon’s capital […]
Hermitage Offshore Files for Chapter 11 Bankruptcy
Offshore support vessel company Hermitage Offshore Services (NYSE:PSV) has announced that it and 28 of its vessel-owning subsidiaries have filed for Chapter 11 bankruptcy. The voluntary petitions for reorganization were file in U.S. bankruptcy court in the Southern District of New York. The NYSE-listed company said it took the action due to the prolonged slump […]
Port Logjam in Brazil Signals China’s Return to Sugar Market
By Fabiana Batista and Marvin G. Perez (Bloomberg) –Chinese demand for sugar is finally showing signs of life after Beijing ended massive import tariffs. Brazil, the largest exporter of the sweetener, has scheduled the shipment of 816,823 metric tons to the Asian nation in the coming weeks, according to port lineup data from consulting firm […]
Mauritius Says Nearly All Remaining Oil Pumped from Grounded Wakashio
By Omar Mohammed NAIROBI, Aug 12 (Reuters) – Mauritius’ Prime Minister Pravind Jugnauth said on Wednesday nearly all remaining oil had been removed from a damaged Japanese ship, which leaked about 1,000 tonnes in a threat to tourism already hurt by the coronavirus pandemic. “At the time I’m talking to you, almost all the oil […]
