Region
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Diana Shipping seals new charters and newbuild price cut
Diana Shipping says it has negotiated amendments to contracts with China Shipbuilding Trading Company and Jiangnan Shipyard to reduce the…
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Dry bulk operator Tranvast Holdings shuts down
Nanjing-based dry bulk shipping company Tranvast Holdings has made an announcement that the company has closed operations and will soon…
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Petrobras to sell Total $2.2bn of assets including stakes in Subsalt oilfields
Brazil’s state oil firm Petrobras announced on Wednesday it has made a deal with Total to sell the French supermajor…
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Gary Vogel joins Ship Finance International board
John Fredriksen’s Ship Finance International Limited has appointed Gary Vogel, the current chief executive of Eagle Bulk Shipping, to its…
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Maritime & Merchant Bank launches
Maritime & Merchant Bank (M&M), a niche Norwegian bank for the shipping and offshore sector, opened its doors for business…
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Aberdeen harbour expansion agreed
The Scottish port of Aberdeen is positioning itself to become a leading European hub for offshore decommissioning, a business that…
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Figenschou tapped to lead Aurora LPG
Aurora LPG, fresh from being bought out by BW LPG, has appointed Aage Figenschou as its new CEO with immediate…
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Noteholders reject Rickmers Trust restructuring
Rickmers Trust Management has revealed that holders of the trust’s S$100m 8.45% notes due next year have not agreed to…
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Hanjin Shipping sells Long Beach terminal stake to MSC
Bankrupt Hanjin Shipping has signed a deal with MSC to sell its 54% stake in Total Terminals International, an operator…
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‘Compelling opportunity’: Gerry Wang explains Hanjin boxship quartet acquisition
Gerry Wang, ceo of Seaspan Corporation, has confirmed a Splash report carried a week ago, on the acquisition of four…
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Seoul ditches debt ratio stipulation to access shipbuilding fund
Korean shipowners will only need to show a charter contract of five years or more to get state-run banks to…
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Empire Bulkers takes kamsarmax
Low profile Greek owner Empire Bulkers has snapped up the six-year-old, Korean-built kamsarmax bulker from compatriot owner Efploia Shipping. Brokers…
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Northern Shipping smashes third fund target
Stamford-based Northern Shipping, an American alternative ship financier, has closed its third maritime credit fund at $505m, smashing its $400m…
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Former Guangxin Shipbuilding boss gets 10 years jail for corruption
Former president of Guangxin Shipbuilding & Heavy Industry, Li Tongan, has been sentenced by Guangzhou Intermediate People’s Court to 10…
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Overseas Shipholding Group appoints new President and CEO
Overseas Shipholding Group has appointed Samuel H. Norton as president and CEO of the company effective December 29. Norton, succeeding…
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ExxonMobil awards Liza FPSO contract to SBM Offshore
ExxonMobil has awarded an FPSO contract for the Liza development in Guyana to SBM Offshore. Under the contract, SBM Offshore…
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Energy sector hits back at Obama administration’s far-reaching ban on offshore drilling
US President Barack Obama on Tuesday went ahead with his predicted ban on offshore drilling in most of the US…
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Jiangsu Eastern Heavy Industries seeks new investors
Jiangsu Eastern Heavy Industries (JEHI), a subsidiary yard of Singapore-listed JES International, has released a notice yesterday to seek new…
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Gulf Marine Services secures two new contracts
Offshore services provider Gulf Marine Services has secured two new contract awards for one of its large class vessels. The…
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Obama set to permanently block huge swathes of Arctic waters from drilling leases
US President Barack Obama is set to put a permanent stop to offshore drilling rights sales for much of the…
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