Bank Repossesses Two Great Ocean Ships
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.
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Synthetic rope replaces steel wire on deepwater support vessel, changing how crew work on deck
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
