Reviews & Ratings for the Gh-Madison

A ship has recently changed hands for an impressive $19 million during a competitive auction event. The winning bid was secured by unidentified buyers, who are understood to be the existing financiers of the vessel. The transaction highlights the ongoing interest in maritime assets amid fluctuating market conditions, showcasing the value and potential of quality vessels in today’s maritime industry.

On November 5, 2023, the oil tanker Megacore Philomena encountered a disabling incident approximately 13 nautical miles off the coast of Jeddah. The specific circumstances surrounding this event remain undisclosed. In response to the situation, a Greek tug named Med Fos was dispatched, departing from Greece to reach the Red Sea. The tow operation commenced on November 12. As of the afternoon of November 21, both the Megacore Philomena and the Med Fos are securely anchored along the Suez route.