According to an Associated Press report, state media say the Vietnam Shipbuilding Industry Group doesn't yet have an agreement on the first repayment toward $600m it owes foreign creditors.
Vinashin reportedly defaulted last Monday on the $60m payment due as part of syndicated loans arranged by Credit Suisse in 2007.
(Source: AP)
Norwegian shipbuilder Vard has signed a contract with research organization Inkfish for the design and construction of a…
Since the Iranian Revolution and overthrow of Shah Mohammad Reza Pahlavi in 1979, the Strait of Hormuz has been a geographic…
Inchcape Shipping Services has opened a new office in Brunei Darussalam, expanding its presence in Southeast Asia and targeting offshore…
Dubai-based GMS has won U.S. government approval to scrap four container ships that were under Iran-related sanctions, potentially…
Stabbert Maritime has retrofitted its multipurpose offshore support vessel Ocean Guardian with a synthetic hoisting system after steel wire rope began dictating how and where crew could safely work
As regulatory requirements grow more complex and the demand for accurate, accessible data increases, more operators are questioning whether paper-based recordkeeping can keep up.
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