-
Asia
DSME’s union bows to its creditors’ demands
Daewoo Shipbuilding & Marine Engineering (DSME) could be about to get extra funds from its creditors after the shipyard’s union…
Read More » -
Asia
Singapore to become LNG trading hub
Rising LNG supply and demand within Asia has prompted plans to establish a domestic natural gas trading market in Singapore,…
Read More » -
Europe
Maersk Oil to cut global workforce by up to 12%
Maersk Oil says it will reduce its workforce by between 10% and 12% worldwide in response to depressed oil prices.…
Read More » -
Asia
Ship collides with bridge in Hong Kong
A vessel collided with the Tsing Ma Bridge bridge in Hong Kong earlier today, causing road and rail connections to…
Read More » -
Europe
Golar FSRUs get finance from China Merchants Bank Leasing
China Merchants Bank Leasing (CMBL) has agreed an underwritten financing commitment that will provide Golar LNG Ltd with $216m in…
Read More » -
Europe
Delayed oilfield development postpones FPSO delivery from Cosco Nantong
A floating production storage and offloading (FPSO) unit being built at Cosco Nantong shipyard for Sevan Marine has had its…
Read More » -
Asia
Bahri buys VLCC duo
Saudi Arabia’s Bahri has purchased two 321,200-dwt VLCCs from Daewoo Shipbuilding & Marine for $78m each after the vessels failed…
Read More » -
Europe
Fred Olsen Energy to be sued by Hyundai Heavy
Hyundai Heavy Industries (HHI) has delivered a notice of arbitration to Bollsta Dolphin, the Singapore-registered subsidiary of Fred Olsen Energy…
Read More » -
Dry Cargo
DryShips buys six offshore supply vessels from Nautilus Offshore
DryShips has agreed to acquire six offshore supply vessels (OSVs) from Nautilus OffShore Services for a combined price of $87m,…
Read More » -
Asia
Daiichi Chuo to slash fleet by half
Japan’s Daiichi Chuo Kisen Kaisha plans to halve its current ‘long-distance’ fleet by returning chartered-in vessels to their owners and…
Read More » -
Asia
Maersk signs LOI with Indonesia to grow trade and connectivity
The Maersk Group has signed a letter of intent (LOI) with the Indonesian government that aims to help the maritime…
Read More » -
Containers
Costamare and York Capital go halves on containerships
NYSE-listed Costamare and York Capital have jointly purchased two small containerships, in which the respective companies have a 49:51 interest.…
Read More » -
Americas
NewLead JMEG CEO’s attorney applies for resignation
Court proceedings have been stayed against Jan Berkowitz, the CEO of NewLead JMEG, after he filed for bankruptcy on October…
Read More » -
Europe
Delta Marine orders renewables service vessel with new design from Damen
Damen Shipyards is to construct a renewables service vessel to a brand-new design for offshore wind service provider Delta Marine.…
Read More » -
Asia
Navig8 Chemical orders four chemships at STX
Navig8 Chemical Tankers has ordered four 49,000-dwt IMO II chemical tankers from STX Offshore & Shipbuilding in South Korea. Six…
Read More » -
Europe
Imtech Marine takeover by Pon and Parcom gets EC approval
The European Commission has approved the takeover of marine services provider Imtech Marine by Pon Holdings and Parcom Capital, which…
Read More » -
Europe
Saverco’s bid to take over CMB begins
The acceptance period for Saverco’s bid to take over Belgium’s CMB will begin on Thursday and run until markets close…
Read More » -
Europe
Chandris switches kamsarmax order to two aframaxes
The low dry bulk market has prompted Chandris (Hellas) to change its order for kamsarmaxes at Cosco Dalian shipyard to…
Read More » -
Americas
Product tanker spot rates see an upturn on US Gulf to Europe run
Spot rates on trans-Atlantic routes from the US Gulf have seen a slight upturn for MR product tankers as cargo…
Read More » -
Americas
Sevan’s agent implicated in Petrobras bribery scandal
An agent who brokered offshore contracts between Sevan Marine and Petrobras in Brazil has come under scrutiny after receiving up to…
Read More »