Diana Shipping Services S.A., a Panamanian corporation headquartered in Greece, Ioannis Prokakis and Antonios Boumpoutelos, both citizens of Greece, were convicted today after an 12-day bench trial on charges related to the illegal discharge of waste oil and oil-contaminated waste water from the M/V Thetis, a cargo vessel operated by Diana Shipping Services, announced
Read moreDespite a continued upward trend in the cost of claims and additional reinsurance costs, The Shipowners’ Club, P&I insurance provider to the smaller and specialist vessel sector, is to raise premiums by just 5% for the 2014/15 renewal. Announcing its half year (2013/14) financial results Shipowners, which minimized its premium rise at the last
Read moreIn Alang, a fire broke out on an oil tanker that was being dismantled resulting in the unfortunate death of six workers nearly a week ago. Following this incident, three ship breaking executives have now been taken into custody for culpable homicide. The owners of the Kiran Ship Breaking Company, R K Jain and
Read moreFour are missing after a ship sank on Sunday in waters near south China’s Guangdong province. The Qingyuan-registered ship experienced an engine room flood that caused it to sink near the city of Yangjiang around 11 p.m. locally. The Nanhai Rescue Bureau of the Ministry of Transport dispatched a rescue ship about one hour
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