Region
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Cost reduction the focus for Bourbon Offshore as over 100 vessels remain stacked
France’s Bourbon Offshore says that despite oil prices remaining above $50 a barrel during the first quarter of this year,…
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Icon Offshore and UMW merger falls through
The merger between OSV operator Icon Offshore and oil and gas firm UMV Oil & Gas has fallen through, sources…
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Yang Ming resumes stock trading, restructuring plan under way
Under pressure Taiwanese liner Yang Ming resumed stock trading today following its decision to suspend trading on April 20 to…
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Have newbuild prices bottomed out?
Splash is hearing more and more about shipyards welcoming owners keen to catch the bottom of the newbuild price cycle.…
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DSME puts local yard up for sale
Troubled Daewoo Shipbuilding & Marine Engineering (DSME) is looking to sell subsidiary Samwoo Heavy Industry. KPMG Samjeong, DSME’s adviser, has…
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Pan-United to spin off China port business
Singapore-listed concrete and cement trader Pan-United Corporation has announced a proposed de-merger of its wholly-owned subsidiary, Xinhua Port Holdings, the…
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Celsius taps ABN AMRO for landmark ballast water financing
ABN AMRO Transportation has concluded the world’s first financing for the installation of a ballast water treatment system on several…
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DeepOcean awarded EPCI contract by Statoil
DeepOcean has been awarded an engineering, procurement, fabrication and installation (EPCI) contract for wear protection on the risers at the…
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Patrick Verhoeven quits ECSA
Patrick Verhoeven will leave his top position at the European Community Shipowners’ Associations on September 1 this year to become…
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Woods steps up to CEO at FSL Trust
Struggling FSL Trust has confirmed Roger Woods steps up from COO to take the vacant CEO role at the Singapore…
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Ecopetrol announces big gas find at Caribbean Well shared with Anadarko
Colombia’s state oil firm Ecopetrol has made the country’s biggest gas find in 28 years at a southern Caribbean Sea…
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Murphy Oil chief says time ripe to invest again in deep-water exploration
The head of American petroleum and natural gas explorer Murphy Oil says now is the moment to invest in deep-water…
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FMC throws a spanner in Japanese box merger plans
The Federal Maritime Commission (FMC) yesterday threw a curveball on the planned mega Japanese container shipping merger. The FMC has…
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Maritime CEO Forum: Trump viewed as good for tanker trades
President Donald Trump is proving to be good for tankers, delegates attending last week’s Maritime CEO Forum in Singapore were…
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Splash TV: Can the dry bulk sector avoid another false dawn?
Counter party risk and don’t be greedy – that was the takeaway from the last question posed in the final…
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China box congestion spreads
Congestion at Chinese boxports is spreading causing serious headaches for shippers. Moreover, authorities across China are telling Splash there’s little…
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BW behind Samsung VLCC quartet
Proving that BW Group is far from fully exiting the VLCC scene having sold its supertanker fleet to DHT Holdings…
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Scorpio sells three MRs to Chinese leasing house
Brokers report Scorpio has sold three sister product tankers to a Chinese leasing house. The MRs – STI Le Rocher,…
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Paragon Offshore expects to exit Chapter 11 next month
Paragon Offshore has reached a consensual restructuring agreement between secured and unsecured lenders, establishing a litigation trust for creditors to…
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Oceanteam reaches deal with bondholders
Offshore service provider Oceanteam has sealed a deal with its bondholders as it pushes ahead with restructuring. The bond agreement…
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