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California-based cruise line Princess Cruises, part of Carnival Corporation, was sentenced to pay a USD 40 million penalty related to illegal dumping overboard of oil contaminated waste and falsification of official...

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Image Courtesy: Stena Bulk MR tanker Stena Imagination was named at the Port Rashid Terminal in Dubai on April 18. The vessel is jointly owned on a 50-50 basis by...

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The main debt holder of Daewoo Shipbuilding & Marine Engineering (DSME), South Korea’s National Pension Service (NPS), gave its nod to the ailing shipbuilder’s latest debt restructuring plan on April...

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