Shipping Company Archives - Maritime Shipping News

$3 Million Environmental Fine Slapped On Shipping Company

26 February 2021

A federal judge on Guam on Wednesday outlined the allocation of a Singaporean shipping company’s $3 million environmental fine.
$500,000 is designated as a criminal fine as a violation of the Clean Water Act and shall be paid to the Oil Spill Liability Trust Fund.
This fine will provide immediate funds for federal spill response efforts and compensation for certain damages.

A recent news article published in the Guam Daily Post reveals that a shipping company has been fined to the tune of $3M.

T...

https://mfame.guru/3-million-environmental-fine-slapped-on-shipping-company/

Caught in Sea for 3 Years, Seafarers Mentally Hurt

25 February 2021

A shipping company from the United Arab Emirates hit financial trouble in 2017.
It abandoned an oil tanker off the coast of Dubai, it left a small crew still aboard, stranded at sea without pay or a way home.
Those men have been on the tanker ever since, but a chance at repatriation for the five remaining crew seems to finally be within grasp.

A recent CBC story brings out a painful story of seafarers caught in the jinx of owner’s economic downfall. They have been suffering for more than 3...

https://mfame.guru/caught-in-sea-for-3-years-seafarers-mentally-hurt/

Israeli Cargo Shipper Files For A $100 Million US IPO

5 January 2021

ZIM Integrated Shipping Services, an Israeli container shipping company with over 320K TEU capacity, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering, reports an article published on Nasdaq.

Niche markets

The company states that it is a global, asset-light container liner shipping company with leadership positions in niche markets where it believes it has competitive advantages that allow it to maximize market position and profitability. As of September...

https://mfame.guru/israeli-cargo-shipper-files-for-a-100-million-us-ipo/