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Titan Petrochemicals converts debt to new shares
Titan Petrochemicals has reached agreements with its lenders to offset unpaid debts with new shares. Titan Petrochemicals will issue 544m…
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Shanghai Bestway offloads stake in green ship jv
Shanghai Bestway Marine Engineering Design has reached an agreement to sell 16% equity in Green Power Water Transport to Shanghai…
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China Steel Express confirms order for four capesizes
Taiwanese owner China Steel Express (CSE) has approved a plan to order four 208,000dwt capesize bulkers at Taiwanese and Japanese…
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North Atlantic Drilling secures semi-sub contract from SPE
Seadrill’s North Atlantic Drilling has been awarded a one well contract with SPE for semi-submersible for work in the United…
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Ports and rigs in US Gulf of Mexico take precautions for Tropical Storm Cindy
Shipping and offshore industry in the Gulf of Mexico has been disrupted by a Tropical Storm shaping up for a…
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Stockholm must intervene to resolve Gothenburg port crisis: APM Terminals
APM Terminals has given its reasons for making 160 people redundant at its facility in Gothenburg, and in the process…
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Tungs reportedly planning Hong Kong reunification gift with OOCL sale to Cosco
July 1 will mark 20 years since former OOCL boss Tung Chee-hwa became the first chief executive of Hong Kong…
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Diana Shipping fixes panamax bulker to Hudson Shipping Lines
Greek dry bulk owner Diana Shipping has fixed its 2004-built panamax vessel on a time charter contract to Sea Trade…
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Mexico’s latest offshore rights auction sees successful bids for 10 of 15 blocks
CNH, Mexico’s oil and gas industries regulator, said on Monday the country’s latest round of offshore oil rights auctions exceeded…
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Abu Dhabi Ports takes control of Fujairah
Abu Dhabi Ports has signed a 35-year concession to develop and manage the Port of Fujairah, taking over from Dubai-based…
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APM Terminals to let go of 160 staff at strike-hit Gothenburg
A long simmering dispute at the Port of Gothenburg is reaching boiling point with APM Terminals moving to axe 160…
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JP Morgan Asset Management secures $480m for new shipping fund
J.P. Morgan Asset Management has closed its Global Maritime Investment Fund II with $480m in capital commitments from a broad…
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Noble Group extends key debt deadline
Hong Kong-based commodities giant Noble Group said in a release today it has extended a key debt deadline and is…
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DryShips shares plunge 32% on news of fourth reverse split this year
George Economou’s DryShips has announced a 1-for-5 reverse stock split of the company’s shares effective June 22, its fourth reverse split…
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Crane collapses at Finnish port
Another crane at a European port has collapsed. The , a general cargo vessel, allided with a pier while coming…
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CMA CGM paying $20.3m for Allseas boxship
CMA CGM continues to scour the markets for secondhand boxship tonnage. Having vowed earlier this year to hold off ordering…
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Norden acquires MR tanker from Empire Navigation
Danish owner Norden has acquired a secondhand MR tanker from Greek owner Empire Navigation. According to broking sources, the 50,000dwt…
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Icon Offshore awarded AHTS contract by Petronas
Malaysian OSV operator Icon Offshore has secured a contract from PCPP Operating Co, a 40% Petronas-owned associate, to provide an…
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Barakah Offshore secures $14.3m offshore contract
Malaysian offshore service provider Barakah Offshore subsidiary PBJV Group has received a letter of award from Samling Resources for offshore…
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Petredec heads to Jiangnan for up to four VLGCs
Singapore’s Petredec, one of the largest movers of LPG in the world, is bolstering its fleet with the addition of…
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