Region
-
Geared to go long
In his ongoing series for Splash looking at how to conduct business in the People’s Republic, Charlie Du Cane, the…
Read More » -
PTP sues over lost revenues from last year’s huge bunker spill
MMC Corporation, the parent of the Malaysian Port of Tanjung Pelepas (PTP), is taking compatriot owner Rising Star Shipping and…
Read More » -
Maersk adds extra layers of IT protection in the wake of Petya attack
Maersk has added extra layers of IT protection in the wake of the Petya ransomware attack that hit it very…
Read More » -
Singapore Exchange approves Rickmers Maritime’s delisting
Rickmers Maritime, the failed boxship leasor of Bertam Rickmers, will be delisted from the Singapore Exchange (SGX), 10 years after…
Read More » -
ABG Shipyard heads for bankruptcy
Debt-laden ABG Shipyard, having defaulted on loan repayments, will now have bankruptcy proceedings initiated against it, a court in India…
Read More » -
Subsea 7 secures $250m extensions from Petrobras
Subsea 7 has been awarded contract extensions by Petrobras for three pipelay support vessels currently on long-term contracts offshore Brazil.…
Read More » -
Ensco wins a series of new contracts
Offshore driller Ensco has secured a series of new rig contracts according to the company’s latest rig status report. Four…
Read More » -
Fred Cheng linked with two more capes
Fred Cheng has been busy adding more capes to his company Shinyo International, doubling the size of his fleet this…
Read More » -
Aegean Marine Petroleum Network appoints new president
Aegean Marine Petroleum Network has announced that the company has appointed Jonathan Mcilroy as president, effective immediately. “Following a comprehensive…
Read More » -
Two Yangtze River shipping alliances established
Nine port groups and five shipping and logistics companies in China have together established Yangtze River Economic Belt Shipping Alliance…
Read More » -
Ports of LA and Long Beach aim for zero emissions
The US’ largest two ports, neighbouring Port of Los Angeles and Port of Long Beach, have released the draft of…
Read More » -
Officials take action as congestion sees boxships waiting for 12 days off Chittagong
Chittagong Port Authority has moved to alleviate the congestion situation at Bangladesh’s top port. Gearless boxships have had to wait…
Read More » -
Zhonghui Shipping orders bulker at Wuhu Shipyard
Anhui-based Zhonghui Shipping has signed a shipbuilding contract with Wuhu Shipyard for the construction of one 61,000 dwt bulk carrier…
Read More » -
Zodiac Maritime linked to Hanjin cape pair
Shipping heavyweight Zodiac Maritime remains busy in the sales and purchase market. Numerous broking reports list an unidentified UK buyer…
Read More » -
Nam Cheong halts debt repayments, appoints PwC as restructuring advisor
Malaysian offshore shipbuilder Nam Cheong has moved forward in its efforts to restructure its struggling business which is mired in debts…
Read More » -
Shanghai Stock Exchange questions Cosco over OOCL takeover deal
Shanghai Stock Exchange has sent an inquiry letter to China Cosco Shipping Holdings, demanding more details on the company’s recent…
Read More » -
Economou faces another legal headache as investor questions Ocean Rig’s restructuring
With lawsuits racking up against one of his firms DryShips, George Economou is also facing a legal challenge at his…
Read More » -
DryShips shares in freefall
Shares in George Economou’s DryShips plunged 40% yesterday as investors abandoned the stock on the back of its announcement on…
Read More » -
China on track to hit 1bn tons of iron ore imports for the year early
China is on track to hit the 1bn ton mark of iron ore imports much earlier this year than in…
Read More » -
Paragon Offshore comes out of Chapter 11
Houston-based offshore rig operator Paragon Offshore has emerged from Chapter 11 bankruptcy in the US after meeting the terms of…
Read More »