Region
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Dubai plans $1bn shipping fund
Dubai is planning a $1bn shipping investment fund, according to Reuters. State-run Dubai Maritime City Authority is leading the project…
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Nisomar: ‘Shipping remains a very inefficient business model’
A new maritime technology service start-up hopes to transform various businesses in the shipping industry including shipowners, operators, brokers, charterers…
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Danish Ship Finance predicts growth in seaborne volumes will average just 1% per annum through to 2030
Danish Ship Finance has provided a sneak peak of its latest market report, one that paints a grim picture for…
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Murmansk Shipping pledges all its assets to Sberbank for $104m loan
Seeking a RBL5.86bn ($104m) loan from Sberbank, Murmansk Shipping Company has put all of its assets down as collateral. As…
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Vallianz settles $138.7m of debts with Swiber and Rawabi
Struggling Singapore OSV provider Vallianz Holdings has fixed separate set-off and settlement agreements (SOSAs) with Swiber Holdings and Rawabi Holding to…
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Solstad Offshore finds work for four PSVs
Norway’s Solstad Offshore has been awarded new contracts and contract extensions for platform supply vessels Normand Flipper, Normand Aurora, Normand Skude…
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Hapag-Lloyd and UASC complete merger
Hapag-Lloyd and United Arab Shipping Company have completed their merger. The new Hapag-Lloyd, one of the top five global carriers,…
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Odfjell hit by another American pollution violation
A subsidiary of Odfjell finds itself in hot water with the US Department of Justice once again. Singapore-based Odfjell Asia…
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Ports in Chile hit by national customs workers strike
Ports in Chile have been hit by customs workers’ strike action. The vote for labour action by members of the…
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AAPA says President Trump’s budget plan will see cuts to federally funded port programs
The American Association of Port Authorities (AAPA) says its analysis of US President Donald Trump’s proposed 2018 budget will mean…
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CNH approves deepwater development for Pemex on condition it finds a JV partner
CNH (Comisio Nacional de Hidrocarburos) Mexico’s oil industry regulator on Wednesday approved a deepwater development in the Gulf of Mexico…
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Stolt-Nielsen orders LNG carrier pair at Keppel Singmarine
Stolt-Nielsen Gas has ordered a pair of dual-fuel 7,500 cbm LNG carriers at Singapore’s Keppel Singmarine. The contract is worth…
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ExxonMobil extends contract for Maersk Viking drillship at reduced rate
Texas-headquartered ExxonMobil has extended its contract with Danish offshore driller Maersk Drilling for the ultra-deepwater drillship in the Gulf of…
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Essar Shipping acquires secondhand panamax bulker
Indian owner Essar Shipping has announced that it has added a 74,005dwt panamax bulker to its fleet. The 2000-built vessel,…
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Scorpio Tankers picks up 27 vessels with Navig8 Product Tankers acquisition
Emanuele Lauro’s Monaco-based Scorpio Tankers has continued its relentless pursuit of fleet growth sealing a definitive agreement to merge with…
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Three bidders vie for UACC
Bahri, the giant Saudi tanker owner, Milaha, the diverse Qatari maritime conglomerate and an unidentified UAE firm have all been…
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Glencore makes Bunge takeover approach
Glencore, the mining and energy conglomerate, has made an informal takeover approach to the commodity company Bunge Limited. “Discussions may…
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Vorsprung durch Technik: German yards must counter Asian subsidies by offering superior technology
German shipyards might be enjoying record numbers of orders, but they are still hurting from governments in rival nations dishing…
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Norwegians to finance vessel retrofits
Following the IMO ratifications of the ballast water and exhaust gas treaties, government-owned Export Credit Norway is now offering financing…
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DONG Energy sells upstream business to Ineos
Denmark’s DONG Energy has today agreed to divest the entire share capital of DONG E&P to the UK’s Ineos for…
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