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HMM Eyes USD 614 Mn from Share Sale

Hyundai Merchant Marine (HMM) is targeting to raise KRW 693.6 billion (USD 614 million) from a sale of shares, the company said in a regulatory filing on Friday. The sale...

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Varun’s Ships Banned from UAE Ports

All ships belonging to Varun Resources Limited have been banned from calling the United Arab Emirates (UAE) ports, the country’s transport authority said. India-based LPG shipowning company is a repeat...

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First Attempt to Refloat Kea Trader Fails

The first attempt to refloat the grounded containership Kea Trader earlier this week failed, according to data provided by New Caledonia’s government. On October 9, the officials informed that the salvage company Ardent...

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