Region
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ASL Marine seeks to delay note payments
Singapore’s ASL Marine has announced that it has issued a consent solicitation statement to its noteholders to seek approval to…
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Cambodia readies $300m Sihanoukville port expansion
Authorities in Cambodia have unveiled ambitious plans to pump $300m into the kingdom’s top port, Sihanoukville Autonomous Port (SAP). The…
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Cosco Shipping Development to raise $1.73bn via share offering
Cosco Shipping Development, formerly China Shipping Container Lines (CSCL), has announced that the board of the company has approved a…
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DSME to build yard in Iran
Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) is to build a shipyard in Iran in partnership with the the…
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Sino-Global signs transportation deal with Cosco
Flushing, New York-based Sino-Global Shipping America announced on Wednesday that it has signed an Inland Transportation Agreement with a subsidiary…
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Eddy Bruyninckx to step down at Antwerp
One of the best-known names in the European ports scene will retire this Saturday. Eddy Bruyninckx, CEO of the Antwerp…
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Jinhui Shipping reschedules loans
Jinhui Shipping and Transportation has announced that it, and 25 wholly-owned subsidiaries, has reached agreements with four major lenders to…
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China Offshore Deepsea Industry Alliance established
Seven major Chinese rig builders have jointly established China Offshore Deepsea Industry Alliance (CODIA) in Beijing yesterday in an effort…
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Petrobras falls short of two-year target for asset divestment
Brazil’s faltering state oil giant Petrobras admitted on Wednesday that it will come up $1.5bn shy of its targeted divestment…
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Shell acquires stakes in three Gulf of Mexico pipelines from BP
Shell Midstream Partners, a subsidiary of Royal Dutch Shell, on Wednesday announced it had acquired stakes in three Gulf of…
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Seadrill secures Saudi Aramco jackup extension
Offshore drilling services provider Seadrill has received a three-year contract extension from Saudi Aramco for the jack-up . The extension…
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China Ocean Industry sets up shipbuilding joint venture
Hong Kong-listed China Ocean Industry has announced that it has entered into a cooperation framework agreement with Xiamen Xiangyu Group,…
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Sun Bay orders accommodation platform at Huangpu Wenchong
CSSC-affiliated Huangpu Wenchong Shipbuilding has signed a contract with Sun Bay (Hong Kong) for the construction of a jack-up offshore…
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Fujian Shipbuilding Industry establishes offshore engineering jv
Fujian Shipbuilding Industry Group has announced that it has jointly invested an offshore engineering joint venture with state run China…
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Former Rizhao Port president under investigation
Du Chuanzhi, former president of Rizhao Port, has been taken away by discipline inspection authorities as part of corruption investigations.…
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Golden Pass LNG export facility gets FERC permit
The US Federal Energy Regulatory Commission (FERC) has granted permission to export gas from a liquefied natural gas (LNG) joint…
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Brazil planning refinery on northeast coast
Brazilian officials are talking with Iranian and Indian oil and engineering firms about investing in a planned oil and petrochemical…
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Evalend secures Hanjin tanker quartet
In a busy final few days of the year Kriton Lentoudis’s Evalend Shipping has finally nailed down the sale of…
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HMM’s 5% global box market share target ‘unrealistic’
Growth plans unveiled recently by top management at South Korea’s Hyundai Merchant Marine (HMM) have been slammed as “unrealistic” and…
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DBS moves to take control of a new liftboat belonging to bust Swissco
Singapore’s DBS Bank is moving to take control of a brand new liftboat belonging to bust compatriot Swissco Holdings. Swissco…
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