Region
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Yang Ming to raise $54m through new share issue
Taiwan’s Yang Ming Marine Transport has announced a plan to raise TWD1.68bn ($54m) through the issuing of 161.3m new shares…
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Boskalis and Van Oord jv awarded dredging contract in Brazil
Dutch shipping company Royal Boskalis and its joint venture partner Van Oord have been awarded a contract by The Brazilian…
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Rump of the Hanjin fleet up for sale pending bankruptcy announcement
Ahead of its likely bankruptcy announcement the rump of the once mighty Hanjin Shipping empire is being sold off. Lead…
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Maersk presents ‘unsatisfactory’ annual results, expects $1bn liner improvement in 2017
In what is likely to be the final annual results as a combined energy and shipping conglomerate, Maersk Group today…
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Former SAP CEO nominated to chair Maersk
Having helmed one of the world’s largest shipping companies through its greatest corporate restructure in a generation, Michael Pram Rasmussen,…
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Ezra’s woes mount as share price hits fresh all-time low
With investors in Singapore now actively referring to Ezra Holdings as ‘the next Swiber’ the Lionel Lee stock took another…
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Nobu Su in hot water in the US for violating Iran sanctions
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued a Finding of Violation against Nobu…
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Nova Marine fleet soars to 104 with Hartmann quartet
Lugano-based Nova Marine Carriers’ fleet reached 104 units following a new round of shopping completed with the purchase of four…
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Union Maritime proving adept in dry bulk
London-based Union Maritime might be best known as a tanker player but it is also becoming increasingly adept in the…
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Chartworld Shipping orders four bulkers at Jinhai Heavy Industry
Greek owner Chartworld Shipping has signed shipbuilding contracts with HNA-affiliated yard Jinhai Heavy Industry (JHI) for the construction of four…
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Thorco vessel hit by fire off Canada
The Canadian Coast Guard (CCG) was monitoring a disabled cargo ship off of southwestern Newfoundland on Tuesday after being called…
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AKR Sea Transport orders tanker pair at PaxOcean
Indonesian shipping company PT AKR Sea Transport has placed an order for two 5,000dwt product and chemical tankers at PaxOcean.…
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Zhejiang Shipping gets cash injection
State-run Zhejiang Shipping has announced that its parent Zhejiang Communications Investment Group has replenished RMB2bn into the company, increasing its…
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Sharaf and Ben Line form new global port agency
Consolidation seen across so many maritime sectors in the last couple of years has reached the port agency business. Sharaf…
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Shandong Shipping sticks to its MR plan
Broker sources tell Splash that the emerging Chinese tanker player Shandong Shipping has snapped up the 48,700 dwt Japanese-built from…
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Consortium formed for Pakistan LNG project
Höegh LNG, Qatar Petroleum, Total, Mitsubishi, and ExxonMobil have together announced their commitment to develop a liquefied natural gas import…
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Samudera Shipping offloads containership
Indonesia’s Samudera Shipping Line has sold 11-year old 4,632 dwt containership for $2.5m to Samudera Bharat Feeder, a company it…
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Diamond Offshore rig put on standby rate by BP
NYSE-listed Diamond Offshore Drilling says its semi-submersible rig has been put on a reduced standby rate for its rig by…
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Inquiry gets underway into Indian tanker collision
A senior port official in India has laid the finger of blame on the VLGC for the collision which took…
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BW Offshore acquires Namibia offshore assets
BW Offshore has announced that its subsidiary BW Kudu has entered into a farm-out agreement for a 56% stake of…
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