TradeWinds reported this week that Bulgarian bulker owner Navibulgar admitted that one of its ships may have cut an undersea cable in the Baltic Sea over the weekend, but dismissed sabotage claims.
Nordea’s shipping loan book rose in the fourth quarter. Total gross loans to the sector increased to €4.2bn ($4.4bn) from €4bn at the end of the third quarter. At the end of 2023, gross loans were ...
Bangladesh’s Meghna Group of Industries has bought a Japanese-owned ultramax bulk carrier, according to latest reports by brokers. The company is said to have shelled out $29.2m for Tokei Kaiun’s ...