Region
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CSC Phoenix share sale falls through
Chinese domestic dry bulk shipping operator CSC Phoenix has announced that its controlling shareholder Tianjin Shunhang Shipping has reached an…
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Berenberg swoops for more RBS loans
Hamburg bank Berenberg together with an unspecified Japanese financial institution has purchased a further $460m shipping performing loan portfolio from…
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Chinese consortium joins Brazilian iron ore project
A consortium of Chinese companies has signed a memorandum of understanding with the Brazil state of Bahia and Bahia Mineração…
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Emas Offshore white knights revealed
Emas Offshore, part of Singapore’s Ezra Holdings, has revealed the identity of white knights who are injecting cash into the…
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Aegean enters dry bulk sector with kamsarmax order
Greece’s Aegean Shipping Management has signed shipbuilding contracts with Cosco Shipping Heavy Industry’s Zhoushan Shipyard for the construction of four …
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Thun Tankers declares option for fifth tanker at Avic Dingheng
Small product tanker specialist Thun Tankers, part of the Gothia Tanker Alliance network, has declared an option for a fifth…
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NSB forms Indonesian shipmanagement venture
A new powerful shipmanagement joint venture in Southeast Asia has been established. Temasline, an Indonesian containerline, is partnering with Germany’s…
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Samsung Heavy gears up for the smart ship era with Inmarsat
Inmarsat has signed a groundbreaking Memorandum of Understanding (MoU) with Samsung Heavy Industries (SHI), establishing a relationship to leverage the…
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Florida and Caribbean on alert for Hurricane Irma
With Tropical Storm Harvey now spent after causing havoc in Texas and Louisiana, a new storm is looming that could…
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Training vessels ordered to join Harvey relief effort, as ports, refineries and offshore rigs begin the recovery
The US Maritime Administration (MARAD) has ordered that two maritime academy training ships be dispatched to the Gulf of Mexico…
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Fred Olsen secures Siemens wind turbine installation contract
Fred Olsen Windcarrier has won a contract with Siemens Gamesa Renewable Energy for the transport and installation of wind turbines…
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Pacific Drilling faces possible delisting from NYSE over compliance issues
Ultra deep-water offshore drilling firm Pacific Drilling has announced that it faces possible delisting from the New York Stock Exchange…
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PR firm Dunelm to close
One of the most famous names in maritime public relations will shut up shop next month. Dunelm Public Relations is…
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Xiamen Port takes major interest in Quanzhou operator
Xiamen International Port has entered into an agreement to acquire 75% equity interest in port terminal operator Shishi Huajin for…
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Fredriksen in Seadrill discussions with China Merchants
State-run China Merchants Group is looking at buying up cheap offshore rig operators, according to a report carried on Bloomberg.…
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Debt restructuring for Bibby Offshore
Bibby Offshore is set to go through a debt restructuring, according to The Times newspaper. The company has hired consultants…
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Denmark to scrap registration fees for secondhand ships
The Danish government is looking at abolishing registration fees for secondhand ships to better compete with registers like Singapore. Anne…
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Jan Jacobsen sells his stake in Monjasa
After losing a court case, Jan Jacobsen has sold his 50% shares in bunkering firm Monjasa Group to co-founder and…
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China Merchants Port Holdings acquires major stake in Brazilian port operator
China Merchants Port Holdings has reached an agreement to purchase a 90% stake in TCP Participações, the container terminal operator…
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Qingshan Shipyard to quit shipbuilding
Wuhan-based Qingshan Shipyard, an affiliate shipyard of Sinotrans & CSC, is going to quite the shipbuilding business as it looks…
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