Region
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Russian ships targeted by Islamic State now under escort through the Bosphorus
Combined Turkish forces are escorting Russian ships through the Bosphorus Strait as a result of an intelligence tip that Islamic…
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UK special forces deployed to inspect inbound LNG carriers over terrorist threat
Divers working for the UK’s special forces are inspecting LNG carriers bound for Britain over fears Al Qaeda or Islamic…
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Marco Polo Marine places Indonesian yard under court-led restructuring
Singapore offshore operator Marco Polo Marine has announced that its Indonesian subsidiary, PT Marcopolo Shipyard, has filed an application to…
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Pacific Radiance sets up Middle East JV with Allianz
Singapore’s Pacific Radiance has set up a JV with Dubai-based Allianz Marine as it looks for new avenues to increase…
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MPC Container Ships fleet unveiled
MPC Container Ships, a new shipowning company invested by Germany’s MPC Capital, has announced that it has acquired seven container…
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Gadani scrap yards labelled ‘slaughter houses’
The ship scrapping sites along the shores of Gadani in Pakistan have been labelled “slaughter houses” by a leading local…
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SwissMarine offloads baby cape
Dry cargo mammoth SwissMarine has sold a modern unit, fetching $45m for a ship it paid $50m for when ordered…
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Primerose Shipping orders two bulkers at CSSC Chengxi Shipyard
China’s CSSC Chengxi Shipyard has signed shipbuilding contracts with an unnamed European owner for the construction of two 81,000dwt bulk…
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Brazil’s ports braced for possible week of industrial action by customs workers
Audit inspectors of Brazil’s customs service are saying they will go ahead with a planned week of strikes at the…
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McDermott International and Saudi Aramco ink new MOU
Houston-based oil industry services company McDermott International has signed a memorandum of understanding (MOU) with Saudi Aramco, coinciding with US…
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Grain exports set to hit record high: USDA
The US Department of Agriculture’s most recent World Agriculture Supply and Demand Estimates monthly report paints a very hopeful picture…
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Statoil exercises option on Dolphin Drilling semi-submersible
Fred. Olsen Energy subsidiary Dolphin Drilling has announced that Statoil has exercised a single well option for semi-submersible rig .…
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Wilhelmsen ups stake to become majority owner of NorSea
Wilh. Wilhelmsen Holding has entered into a letter of intent with Eidesvik Eiendomsinvest and Simon Møkster Eiendom to acquire 32%…
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Mexico sets minimum extra royalty payments for next month’s shallow-water oil rights auction
Mexican authorities have set the minimum extra royalty payments that bidders will be required to offer at next month’s offshore…
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Fincantieri seals $88.6m deal for majority stake of STX France
Italian shipbuilder Fincantieri has signed a share purchase agreement with STX Europe to acquire their 66.66% stake of STX France…
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BOEM to offer 1.09m acres for oil and gas exploration offshore Alaska
The US Bureau of Ocean Energy Management (BOEM) on Thursday said it will offer more than a million acres for…
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MOL to launch sales of popular redesigned propeller boss cap fins
Mitsui OSK Lines (MOL), Japan’s largest shipowner, will start selling an upgraded version of its popular energy-saving propeller boss cap…
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Columbia Shipmanagement and Marlow Navigation sign ‘blue sky thinking’ partnership with Lufthansa
Columbia Shipmanagement together with Marlow Navigation have signed a partnership deal with Lufthansa Industry Solutions that they claim in a…
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Danish Shipowners’ Association rebrands as Danish Shipping
The Danish Shipowners’ Association has unveiled a rebrand and is now known simply as Danish Shipping. The three organisations –…
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Intel Connected Logistics Platform debuts in association with Honeywell
Intel on Thursday announced a new Internet of Things (IoT) offering, the Intel Connected Logistics Platform, that aims to provide…
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