Region
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Former Finance Minister must stand trial in Petrobras affair, says judge
The judge leading the Petrobras corruption probe ruled on Thursday that Brazil’s former Finance Minister Antonio Palocci should stand trial,…
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Canada affirms intention to implement tanker ban
Canada’s Transport Minister Marc Garneau has reaffirmed the government’s commitment to barring oil tankers from the waters of northern British…
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Petrobras seeks to claim up to $20bn refund on offshore blocks
Brazil’s financially struggling state oil firm Petrobras could be in line for a $20bn windfall, according to Reuters. The money…
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SeaBird secures work in West Africa
Norway’s SeaBird Exploration has signed an agreement to provide a source vessel for ocean bottom seismic survey work in the…
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Jens Martin Jensen returns to spearhead Pillarstone’s shipping drive
Jens Martin Jensen, formerly John Fredriksen’s right hand man, is back in shipping, heading up private equity vehicle Pillarstone. Jensen…
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Was Teekay LNG carrier attack a failed suicide bomb plot?
Was the attack on a Teekay LNG carrier off Yemen last week an attempted suicide attack? Initial reports of an…
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South Korea’s HMM sets sail as a ‘true flag carrier for the nation’
After what has been a traumatic year at Hyundai Merchant Marine (HMM) the line is now ready for a “new…
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Deadly Gadani fire finally extinguished
After four days firefighters have finally managed to douse the terrible tanker blaze that killed many workers at a shipbreaking…
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Dutch managers join forces
Clearwater Group Ship Management will be joining forces with Rotterdam-based 24Vision effective from November 14. “This partnership focuses on enhancing…
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Heerema Fabrications Group to cut 450 jobs
Dutch offshore EPC contractor Heerema Fabrications Group is set to lay off hundreds of workers as part of a reorganisation…
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Chowgule Steamship sells young handy
Mumbai-listed bulker specialist Chowgule Steamship has fetched around $16m for its youngest ship, a 34,900 dwt bulker, named , sources…
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Navig8 Chemical Tankers secures $54.3m loan for newbuild pair
Navig8 Chemical Tankers has entered into a $54.3m secured loan facility, to finance the last two of the company’s 25,000dwt …
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Diana Shipping cancels bulker at Dayang Shipbuilding
Greek owner Diana Shipping has cancelled a shipbuilding contract with Yangzhou Dayang Shipbuilding and Shanghai Sinopacific International Trade with respect…
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YPF and Statoil team up to study possible drilling sites off Argentina
Argentinian energy company Yacimientos Petroliferos Fiscales (YPF) has signed a deal with Norwegian multinational Statoil to team up in studying…
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US West Coast dockworker contract extension talks cut short
The Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) postponed the scheduled second day of contract…
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Petrobras moves to limit damage from investors’ class-action case
Lawyers for troubled Brazilian oil company Petrobras on Wednesday asked the Second Circuit Court of Appeals in New York to…
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Keppel comes to KrisEnergy’s rescue
Keppel Corp is coming to the rescue of endangered KrisEnergy, taking its stake in the restructuring firm to 67.33% via…
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MISC in $245m court spat with Shell
MISC, Malaysia’s energy shipping giant, has revealed details of a $245m court spat with Shell. GKL, an MISC subsidiary, is…
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Dire safety conditions revealed in wake of Gadani fire as death toll feared to surpass 100
A fire, which has now killed at least 21 people, is still raging at Pakistan’s Gadani ship recycling area with…
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Ocean Alliance sets out its stall
The members of the Ocean Alliance which launches next April have outlined their global network plans. Cosco Shipping, CMA CGM,…
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