Region
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Solomon’s justice in maritime China
Veteran Shanghai lawyer Peter Murray writes on the changing structure of the legal set up in the People’s Republic. The…
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SR Shipping in for another Japanese supramax
We are in week 43 of the year and yet again Bangladesh’s SR Shipping is linked to another supramax and…
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Wood Group wins long-term EPC deal off Canada
Wood Group has been awarded a five-year contract for engineering, procurement, construction and maintenance services at the Hibernia platform, offshore…
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ITF raises concerns for worker safety at expanded Panama Canal
The International Transport Workers Federation (ITF) has raised more concerns about safety issues at the new locks of the expanded…
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Is the Federal Reserve finally waking up?
Does the Federal Reserve finally begin to realize their low interest policy has failed? For example in the minutes from…
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CGG wins survey work from Pemex
French seismic operator CGG has won a major contract with Pemex to deliver solutions to optimize subsalt seismic imaging from…
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Petrobras announces agreement to team up with Total
Brazil’s troubled energy giant Petrobras announced on Monday it is forming a strategic alliance with France’s Total to work on…
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Maersk Drilling swings the axe as 9 of 23 rigs lay idle
Maersk Drilling is downsizing its workforce announcing 70 jobs are being cut from its headquarters. The cuts are a response…
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Chinese tanker at Basuo Port explodes again
A second explosion has hit Chinese oil tanker Feng Sheng You 8 yesterday at Basuo Port in Hainan, following an…
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Agritrade close to its second VLCC
Brokers note Asian owner Agritrade has snapped up an elderly VLCC for $24m. The brokers say that the 309,300 dwt…
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Tide still not turned for troubled US OSV operator
Tidewater has received extensions of the waivers on certain covenants until November 11 – the second extension in quick succession…
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Hanjin seeks to close Europe operations
Embattled Hanjin Shipping’s move to try and forge a future as an intra-Asia operator moves ahead with news the Korean…
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$27bn: IMF estimates bill Korean taxpayers are paying to save local maritime industries
Irate Korean taxpayers reacted with shock Sunday as the full enormity of Seoul’s bailout of the nation’s beleaguered shipping and…
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Pacific Basin negotiates lower charter rates by offering new shares
Pacific Basin is handing out new shares to ten owners in return for getting lower charter rates on ships it…
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Famous VLCC set for sale ushering Monarch’s exit from shipowning
Talk about a potential sale of the six-year-old, 320,000 dwt is getting juicier. Chatter about the potential sale started a…
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Owners turn to Chinese bulker tonnage
With values increasing for Japanese and Korean built supramaxes, European-based buyers have begun to shift their focus onto Chinese built…
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Oceanteam misses bond payment
Offshore service provider Oceanteam has announced that it will not meet its interest payments on a senior unsecured bond due…
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Sembcorp Marine takes full control of North Sea subsidiary
Sembcorp Marine subsidiary Sembcorp Marine Offshore Platforms has entered into an agreement with minority shareholders to acquire the remaining 30%…
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SinoShip magazine launches
The latest issue of SinoShip magazine, the leading China maritime title, launches today in time for this week’s big Shiptec…
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Great Eastern Shipping acquires secondhand supramax
India’s Great Eastern Shipping has signed a contract to acquire a 58,000 dwt supramax bulker. The 2009-built vessel is expected…
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