Coral Sea master jailed

A GREEK court has shocked the global shipping industry with a guilty verdict and a 14-year jail sentence on the master of the Coral Sea, Kristo Laptalo. Capt Laptalo, a Croatian national, was arrested a year ago after the Greek coast guard found 51 kilograms of cocaine in boxes of bananas being discharged. He was […]

InterManager warns that management fees must rise

Ship owners must realise that shipmanagement¬† and crewmanagement fees need to increase otherwise the majority of professional managers will become reluctant to take on more ships for management, according to Ole Stene, President of the ship managers association InterManager. Claiming that ship owners still had to recognise the valuable role that third party managers play […]