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  • Fain touts 'Royal' upgrades with Symphony of the Seas

    Cruise major chief executive says Port Miami's Terminal A can get passengers 'from car to bar' in less than 10 minutes at passengership naming ceremony.

    Passenger ships  tradewindsnews.com 12 hours old Michael Juliano

    Lender comes after Louisiana offshore vessel owner after alleged default

    A private offshore company owned by a Louisiana lawmaker is in hot water after allegedly defaulting on a $22.5m loan to buy a ship. According to a federal lawsuit filed in New Orleans federal court Thursday, Iberia Marine Services — now part of SeaTran Marine — took out the loan from First NBC Bank to buy the 68-passenger crewboat Lady Eve in 2015. Less than two years later, the suit says, payme

    Legal  tradewindsnews.com 19 hours old Matt Coyne

    Moody's gives bump to Navios Partners' debt

    Moody's has upgraded Navios Maritime Partners. Citing a strengthening dry bulk market and improving charter rates, the ratings agency bumped the Angeliki Frangou-led shipowner's corporate family rating up a level, from B3 to B2. Navios Partners holders to get portion of Navios Containers "The dry bulk market has come back strongly from a historical low in 2016. The Baltic Dry Index ... increase

    Finance  tradewindsnews.com 23 hours old Matt Coyne

    Euroseas shares slump after quarterly loss

    Euroseas saw its shares plummet after it reported a loss of just under $1m in the third quarter, falling well short of analysts' expectations. The New York-listed containership owner's shares were down $0.45 to hit $1.20 in midday trading, a drop of more than 25%. That came after the Greek owner reported a $900,000 loss, which was less than the $5.5m loss in the same period of last year. But t

    Finance  tradewindsnews.com 24 hours old Matt Coyne

    Shipbroker Poten & Partners sharpens M&A focus after BGC Partners deal

    Shipbroking boss Steven Garten and BGC president Shaun Lynn share growth ambitions after closing transaction.

    Finance  tradewindsnews.com 16 Nov 16:50 GMT Andy Pierce

    Ship Finance International extends veteran VLCC disposals

    Ship Finance International continues to clear out its oldest tankers. It has confirmed the sale of the 308,000-dwt Front Falcon (built 2002), bringing in proceeds of $30.7m. The figure likely includes additional cash related to termination of the charter by sister company Frontline. Valuations services VesselsValue and Maritime Strategies International put the likely market sale price of the ve

    Ship Sales  tradewindsnews.com 16 Nov 16:04 GMT Matt Coyne

    Sovcomflot: green shoots of recovery for tankers

    Russian group makes it back into profit in third quarter.

    Tankers  tradewindsnews.com 16 Nov 15:56 GMT Gary Dixon

    New SeaBird seismic ship bags first charter

    SeaBird Exploration has won its first contract for a ship acquired from CGG earlier this year. It paid $17m for the 2,900-dwt Geowave Voyager (built 2009). The seismic survey vessel has been renamed Eagle Explorer. CGG has now chartered the ship for 160 days firm from December, with options for CGG to extend.

    NEWS  tradewindsnews.com 16 Nov 14:48 GMT Gary Dixon

    HSH poised to privatise as loan loss reversed

    German lender on brink of completing sale to JC Flowers and other investors.

    Finance  tradewindsnews.com 16 Nov 13:58 GMT Gary Dixon

    Insurer Lubcke becomes Regent Marine

    German insurance broker Lubcke Marine Assekuranzmakler has changed its name to Regent Marine Assekuranzmakler. The change reflects the company’s majority ownership by Regent Insurance Brokers since 2012, and the close working relationship which has existed between the two businesses ever since, it said. Staff, management, contracts and agreements remain unaffected. The company wants to create a

    Insurance  tradewindsnews.com 16 Nov 13:29 GMT Gary Dixon