Region
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Central Shipping Monaco adds another at Hyundai-Vinashin
Central Shipping Monaco, owned by Evangelos Pistiolis, has exercised an option to build a 50,000 dwt MR tanker. The option…
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Jinhui Shipping sells four bulkers to repay debt
Hong Kong-listed Jinhui Shipping has entered into agreements for the disposal of four supramaxes bulk carriers for a total of…
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China Cosco signs auto shipping partnership with Chery
China Cosco Shipping has announced the signing of a strategic partnership agreement with domestic automaker Chery. Under the agreement, China…
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Eidesvik offloads offshore construction vessel
Norway’s Eidesvik Offshore has sold 2009-built offshore construction vessel to an unnamed buyer. Eidesvik says a deposit has already been…
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Helix Energy forces foreclosure of Emas Marine Base in Texas
Emas Chiyoda Subsea, already plagued by multiple legal actions against it for non-payment, has been dealt a further blow by Helix…
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Ningbo Pacific Shipping bulker to be auctioned
Ningbo Maritime Court is going to auction Ningbo Pacific Shipping’s 67,119dwt bulk carrier of via online platform Taobao on March…
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Brazil relaxes local purchasing mandate for offshore oil companies
Brazilian authorities have lowered by almost half the mandated local purchasing requirements for oil companies working offshore. That means that…
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Wood Group PSN fined $9.5m for safety violations and pollution from Black Elk platform explosion
Houston-based oil industry services firm Wood Group PSN will pay $9.5m for safety violations and for pollution from the 2012…
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Two Aegean engineers found guilty of illegal waste disposal and cover-up
Two engineers were found guilty in a federal court on charges of falsifying records to hide improper bilge waste disposal…
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Hanjin slides to 100th spot in Alphaliner’s rankings
Once the seventh largest containerline in the world, South Korea’s Hanjin Shipping now stands in 100th position on Alphaliner’s list…
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German liner shipping has up to $30bn of toxic debt
German liner shipping has as much as $30bn of toxic debt, delegates attending Marine Money’s event in Hamburg were told…
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MOL restructures organisation, eyes new businesses
One of the world’s largest shipping companies, Mitsui OSK Lines (MOL) from Japan, is restructuring its organisation again. Last April…
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Otto Danielsen: The boutique maritime asset management platform
Around the start of the year two old shipping pals clubbed together to buy a Danish shipowner as a platform…
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Hyundai Heavy staff in three-day strike
15,000 workers at the world’s largest shipbuilder downed tools yesterday for what will be a three-day strike in protest at…
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Union Demeter to be released by Indian authorities
Chinese vessel , which has been detained by an Indian court for nearly 50 days, will be released and returned…
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Petrobras suspends charter payments to Teekay for problematic accommodation rig
Brazil’s state oil firm Petrobras has not been making charter payments to Teekay Offshore Partners since November for an offshore…
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Noble Corporation secures ExxonMobil contract in Canada
Offshore driller Noble Corporation has secured a new rig contract from ExxonMobil for a plug and abandonment (P&A) program off…
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Fugro extends charter for DOF construction support vessel
Fugro Subsea Services has signed a new charter with DOF for 2009-built construction support vessel . The new contract commences…
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Train wrecks, shipping and transparency
“A train wreck in slow motion.” That’s how Venkatraman Sheshashayee, the offshore veteran and CEO of Micyln Express Offshore, described…
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MOL invests in Seajacks
In line with its recently announced intentions to aggressively expand in offshore, Japanese shipping giant Mitsui OSK Lines (MOL) is…
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