Region
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Zhonggu Shipping raises $87m for fleet expansion
Shanghai-based container shipping company Zhonggu Shipping has announced a plan to raise RMB600m ($87m) through issuing 30m new shares. Zhonggu…
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BOEM rejects applications for airgun seismic survey permits in the Atlantic
Six applications for airgun seismic survey permits have been turned down by the US Bureau of Ocean Energy Management (BOEM).…
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Port of Virginia reopens after storm passes on
Commercial vessels are able to enter and depart the Port of Virginia again after the US Coast Guard’s Captain of…
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Barbican sets up new marine insurance division
Barbican Protect, the UK insurance arm of Barbican Insurance Group, has announced it has set up a new marine insurance…
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Polarcus awarded West Africa seismic contract
Seismic vessel operator Polarcus has announced that the company has received a letter of intent for a broadband 3D marine…
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Golden Energy Offshore signs new PSV deal with Total
Offshore vessel operator Golden Energy Offshore has signed a new firm contract with Total E&P Nigeria for the PSV The…
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Gadani hit by another major fire
A large fire has erupted onboard a vessel at Pakastan’s Gadani shipbreaking yard, the same LPG carrier which caught fire after an…
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Hyundai Heavy Industries to close down Gunsan shipyard
South Korean shipyard Hyundai Heavy Industries has offered voluntary redundancy packages to all 650 employees at its Gunsan shipyard as part…
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Petroil Marine tanker runs aground off Canada
Bunkering tanker , operated by Mexican company Petroil Marine, has run aground near Little Pond, Canada while enroute to Sydney…
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SapuraKencana awarded $300m of new contracts
Malaysia’s SapuraKencana Petroleum says its subsidiaries has been awarded contracts with a combined value of around $300m. SapuraKencana Subsea Services…
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Logimatic: Fleet management has never been so important
Fleet management has never been more important than now, argues Michael Paarups, the managing director of maritime software firm Logimatic…
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North Atlantic Drilling and Sembcorp further extend semi-sub standstill agreement
Singapore’s Sembcorp Marine says that it’s Jurong Shipyard has further extended a standstill agreement with John Fredriksen’s North Atlantic Drilling…
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Valloeby in for Chinese-built LR1
Germany’s Chemikalien Seetransport has sold the dirty trading LR1 tanker to Malta-based Valloeby Shipping for a touch above $13m. The…
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Franco Naviera snaps up bargain Japanese handymax
Greek owner Franco Naviera has picked up a bargain Japanese 2008-built handymax bulker for just $10.1m, at least $2m cheaper…
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Gulf Navigation forms agency partnership with Polimar Turkish
The rapid diversification at Dubai’s erstwhile tanker operator Gulf Navigation continues with news that it has formed a partnership with…
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China’s economy in 2017
China is still the most important economy to watch for most shipowners. Chief correspondent Jason Jiang assesses prospects in the…
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Ship Finance International back at Daehan for more product tankers
John Fredriksen’s Ship Finance International has extended its series at Daehan Shipbuilding by ordering two plus two options 114,000 dwt…
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Canadian government scraps Arctic offshore drilling extensions
Canada will not offer extensions of existing Arctic offshore oil exploration licences to the companies – including some big-name players…
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Statoil weighs up withdrawal from US Gulf of Mexico exploration
Norwegian multinational Statoil is pondering pulling out of its oil and gas exploration operations in the US Gulf of Mexico,…
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LA Harbor reopened after crashed helicopter found with two bodies on board
Ships were again able to access Los Angeles Harbor through the Angels Gate entrance after US Coast Guard (USCG) ended…
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