Banque Indosuez of France has reportedly repossessed two of Shenzhen Great Ocean Shipping Co. Ltd.'s ships for failure to repay interest and principle on a $24 million loan.
Related News
15 Oct 2026
HYDRA SUBSEA, Shell to Install Pipelines on Subsea Tie-Ins
HYDRA SUBSEA announced the execution of a commercial agreement with Shell Offshore Inc. for a standardized deepwater pipeline…
15 Oct 2026
LR Publishes Alternative Fuel Retrofit Guidelines
Lloyd’s Register (LR) has published new Guidance Notes for Retrofit of Alternative Fuels and Energy Saving Devices highlighting…
15 Oct 2026
4,700-Year-Old Shipwreck Discovered off Turkish Coast
Underwater archaeologists from Akdeniz University have recovered Early Bronze Age pottery off Kekova Island, offering new…
15 Oct 2026
Keel Laid for Canada's Largest Polar Icebreaker
The 158-meter CCGS Imnaryuaq will feature 47 MW of installed power, diesel-electric propulsion and Polar Class 2 icebreaking capability…
Sponsored Content
Licensed Engineers Can Quickly Advance Their Earnings with MSC
Military Sealift Command (MSC) is looking to hire and onboard record numbers of licensed engineers—and its sign-on bonuses reflect that.
The Hidden Cost of Manual Barge Operations
Discover the operational costs hiding between your biggest transportation expenses.