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Greater China
Shanghai Platinum takes over Fenghai Shipping
Shanghai Platinum Asset Management has won approval from the creditors of bankrupt tanker operator Dongguan Fenghai Shipping to be the…
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Europe
Finco Fuel takes majority stake in GoodFuels
Netherlands-based fuel supplier Finco Fuel has announced the acquisition of a majority stake in GoodNRG, the holding company renewable fuels…
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Europe
Vroon secures ship management contract
Dutch owner Vroon has announced that its ship management unit VOS Singapore has secured a third-party ship management contract with…
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Tankers
Unipec continues dirty spot chartering dominance, soars up suezmax rankings
Unipec, a unit of Chinese state-run energy giant Sinopec, has tightened its grip as the world’s leading dirty spot charterer…
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Asia
MMEA detains Ocean Tankers vessel
Malaysian Maritime Enforcement Agency (MMEA) has detained Singapore-registered oil tanker along with 20 crew members off Penang on Sunday. According…
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Greater China
Bust Haizhou Shipyard listed for auction
The administrators of bankrupt Zhejiang Haizhou Shipyard has listed the entire assets of the shipyard for auction as part of…
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Europe
Tarbit Shipping books up to four dual fuel chemical tankers at Yangzijiang
Swedish owner Tarbit Shipping has placed an order at China’s Yangzijiang Shipbuilding for the construction of up to four LNG…
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Greater China
CDB Leasing orders post-panamax bulker pair at Chengxi Shipyard
CDB Leasing, the financial leasing unit of China Development Bank, has placed an order at CSSC Chengxi Shipyard for the…
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Europe
Court detains Dryships panamax bulker at Zhenjiang
Nanjing Maritime Court has arrested the 2017-built panamax bulker at Zhenjiang Port at the request of grain trader Sinograin. Sinograin…
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Asia
Pacific Radiance appoints James Pang as new CEO
Singapore offshore vessel operator Pacific Radiance has appointed James Pang and Anthony Pang to take over the key roles of…
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Greater China
Cosco terminates asphalt carrier charter with Xin Yuan
Hong Kong-listed asphalt carrier specialist Xin Yuan Enterprises has entered into an agreement with subsidiaries of Cosco for the early…
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Europe
Floatel and Prosafe extend merger agreement
Major offshore accommodation platform operators Floatel and Prosafe have extended the long stop date in their merger transaction agreement from…
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Europe
Borr Drilling secures relaxation of financial covenants
Tor Olav Troim’s Borr Drilling has agreed with its financing banks to make certain amendments to its financial covenants. The…
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Greater China
Zhejiang Henghui Shipping orders chemcial tanker at Yangfan Shipbuilding
Chinese owner Zhejiang Henghui Shipping has entered into a shipbuilding contract with Yangfan Shipbuilding for the construction of a 23,000…
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Europe
Subsea 7 appoints new management team
Norwegian offshore service provider Subsea 7 has announced the appointment of a new management team. As previously announced, the company…
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Greater China
Zhuhai Port Shipping orders 19 river vessels at Hainan Kaihong Shipyard
Zhuhai Port Shipping, the shipowning unit of Zhuhai Port, has placed an order at Hainan Kaihong Shipyard for the construction…
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Middle East
Oman Shipping secures $80m financing
Oman Shipping Company, part of the ASYAD Group, has secured a $80m financing facility from Abu Dhabi Islamic Bank to…
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Greater China
Global Energy Ventures extends LOI for CNG carriers with CIMC Raffles
Australian compressed natural gas (CNG) company Global Energy Ventures (GEV) has extended a letter of intent (LOI) with CIMC Raffles…
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Greater China
Dalian Port appoints new chairman
Dalian Port has announced the appointment of Wei Minghui as the new president of the company, replacing Xu Song who…
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Europe
Seadrill secures contract extensions for jackup pair
John Fredriksen’s Seadrill has secured new contracts for jackup rigs AOD II and AOD III in the Middle East. The…
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