Printable version
Newsletter
sign up
Lundh’s chemical coup
Swedish shipbroker races to cash in on management of small Turkish chemical tankers built on spec during the market boom.
Ransom drama
A Greek shipowner has handed over a $3m ransom payment in a bid to secure the release of a hijacked bulk carrier but the ship remains in pirate hands, it is claimed.
Cash was dropped onto the deck of the 23,700-dwt Filitsa (built 1996) but another gang now controls the vessel, a local expert says.
Andrew Mwangura, of the Kenya-based East African Seafarers Assistance Programme, told Reuters: "The choppers dropped the money. But the ship is still being held captive by another group of gunmen.”
A pirate onboard the Order Shipping controlled ship told the newswire the original hijackers had intended to release the Filitsa tonight after the ransom was paid.
Attempts to contact Order representatives for further details were unsuccessful Monday due to ongoing meetings at its Piraeus office.
The Filitsa was snatched over 1,000 miles off the Somali coast in November while en route from Kuwait to South Africa. There are 22 crew members onboard the vessel.
Latest News
RLOG on the up
Great Lakes bulker specialist predicts another profitable year as expanded fleet lifts bottom line.
Full circle for finance man
Investment banker Kevin O'Hara has rejoined New York boutique firm AMA Capital Partners after seven years.
Iran facing shipping squeeze
Trade dwindling as Maersk and Hapag-Lloyd among those pulling out due to US and EU sanctions.
Strike three for Saverys
Shipowner Marc Saverys continues to sell off stock in shipbroker Clarksons.
DSX plays down Daelim drama
Cargill steps in as South Korean charterer coughs up cash to cover early return of bulker to US-listed owner.
Tough end for ASL Marine
Singapore-listed offshore company sees revenue and earnings sliced by a quarter in the final period of 2011.
Dividend chop just the start
Axing of shareholder payouts at OSG may need to be accompanied by asset sales, analyst says.
Peel plots post-panamax port
Port of Liverpool owner ready to spend £250m on new containership facility at Seaforth.
Seabird swoops on contract
Oslo-listed seismic outfit eases financial troubles with award of $13m deal.
GE earnings cut
Weaker bulker markets in third quarter sees Indian owner's profit chopped, but tankers improve.
BLT has some backing
Creditors are being supportive of Indonesian owner’s restructuring efforts, says Kevin Wong.
Top Jobs
Latest Positions
- $ 650,000