Region
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Brazilian shipbuilder Ecovix files for bankruptcy protection
Brazilian shipbuilding company Engevix Construcoes Oceanicas (Ecovix) announced on Friday that it and five subsidiaries have filed for bankruptcy protection…
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Petrobras signs $5bn financing deal with Chinese bank
Brazil’s troubled state oil company Petrobras, which holds huge offshore oilfield interests, on Thursday agreed a multibillion-dollar financing deal with…
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BC groups club together to provide some Xmas cheer for stranded Hanjin crew
Various bodies have clubbed together in British Columbia to try and make Christmas more bearable for 13 crewmembers stranded on…
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New Chinese shipbuilding conglomerate established
China Cosco Shipping Corportion (Coscocs) has officially established its new shipbuilding unit, Cosco Shipping Heavy Industry (CSHI), today. The new…
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Prosafe pockets $1.7m from charter extension
Aker BP, formerly known as Det norske oljeselskap, has extended the charter of Prosafe’s semi-submersible accommodation vessel at the Ivar…
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EMAS Chiyoda Subsea defaults on Forland Shipping charter
Embattled Ezra Holdings faces another tense fight as it stands accused of failing to pay up for a charter of…
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‘Quality revolution’ among Greek fleets continues
The annual report into the Greek fleet carried by Petrofin Research shows the world’s top shipowning nation has grown this…
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ECSA hits out at EU shipping emissions plans
The Environment Committee (ENVI) of the European Parliament adopted yesterday its report on the revision of the EU Emissions Trading…
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Economou provides $200m for DryShips refinancing
George Economou, via Sifnos Shareholders, is providing DryShips with a $200m loan under a senior secured revolving facility to refinance…
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Euroseas adds to fleet, gets $1m investment from Pittas
Euroseas has acquired German-built 1,645 teu feeder containership from Tennenbaum Capital Partners, a Euroseas shareholder, for around 900,000 shares of…
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ICTSI and DP World in the mix for Thessaloniki
Greek authorities are willing to sell off a greater chunk of the nation’s second largest port than originally planned. The…
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Pair given stiff prison terms for DeepWater Horizon claims fraud
A man and a woman were sentenced to prison terms on Thursday for conspiracy in making fraudulent damages claims related…
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Höegh LNG signs 20-year FSRU deal in Pakistan
Norway’s Höegh LNG has signed an FSRU contract with Global Energy Infrastructure Limited (GEIL) for an LNG import project in…
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Koreans rally to help yards
Korea, Inc has rallied to club together to save the nation’s hard-pressed maritime sector. At a government convened meeting yesterday…
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OSV carnage images spark frenzy
Sometimes in this game of news, pictures can sell really well. Shipping tends to be a tricky industry to source…
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Emas Offshore awarded $93m in new contracts
Emas Offshore, part of Singaopore’s Ezra Holdings, has been awarded $32m of new charter contracts during the fourth quarter of…
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Getting Singapore’s Gen Y and Gen Z interested in shipping
The maritime sector in the island republic has a worryingly greying population of talent. Human resources issues tend to take…
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Saipem lands EPRD contract from BP
Italian offshore services company Saipem has been awarded a engineer, procure, remove and dispose (EPRD) contract by BP for the…
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VBMS awarded offshore cable installation work
Offshore service provider VBMS has secured a contract from NKT Cables for installation work on the Kriegers Flak combined grid…
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Technip secures Shell FLNG contract
Technip has been awarded an engineering and project management services contract by Shell Australia. The contract will provide multi-disciplinary engineering…
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