Region
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Tote ignores warnings on Hurricane Matthew, one year on from El Faro sinking
Tote Maritime says they plan to continue their regular liner schedule despite Hurricane Matthew wreaking havoc in the Caribbean, reports…
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Perisai Petroleum continues negotiations after default on bonds
Kuala Lumpur-listed offshore firm Perisai Petroleum Teknologi has failed with a proposal asking its Singapore bondholders to delay the maturity…
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Swissco seeks refinancing of notes
Singapore offshore firm Swissco Holdings has announced the appointment of Ernst & Young Solutions as an independent financial advisor to assist in…
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Hajioannou takes on Safe Bulkers newbuilds
Greek drybulk specialist Safe Bulkers has done a deal with entities owned by chairman and CEO Polys Hajioannou to novate…
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Transocean wins semi-sub contract, suffers termination of drillship contract
Offshore driller Transocean has announced a new contract for semi-submersible rig Transocean Barents only to reveal the early termination of drillship Discoverer…
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Brazil may change law to let Petrobras sell stakes in offshore fields
Brazil’s government could change the law to allow troubled state oil firm Petrobras to sell stakes in some offshore oil…
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Oslo Børs launches trading of shipping index
Oslo Børs has launched SHIPPING DNM, an exchange traded product that tracks the Oslo Børs Shipping Index (OBSHX), which is…
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Maersk Supply Service cuts workforce by another 25%
Maersk Supply Service is to reduce its onshore workforce by a further 25%, which it said was “in response to…
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Scorpio Bulkers gets newbuilding discount, delays deliveries
Scorpio Bulkers has negotiated a $13m discount on the combined contract price for six China-built newbuildings, which will each be…
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Keppel admits ‘suspicious’ payments made in Petrobras scandal
Singapore’s Keppel Corporation has admitted internal investigations have shown certain transactions associated with Zwi Skornicki from Eagle do Brasil, an…
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BW LPG revises takeover bid for Aurora
BW LPG has renewed its offer to take over Aurora LPG and has offered over 10% more cash, which has…
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Navig8 Chemical Tankers cancels five newbuilds at STX
Navig8 Chemical Tankers has revealed the cancellation of its contracts to build five 49,000 dwt MR tankers at Korea’s STX…
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Jinhui Shipping continues bulker sell-off
Chinese bulker owner Jinhui Shipping and Transportation has announced the sale of 75,583 dwt panamax bulker for $10.6m. The 2009-built…
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Diana Shipping newcastlemax pair delayed
Greek dry bulk specialist Diana Shipping has said that it has agreed some amendments to shipbuilding contracts which delays the…
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DFDS enhances fleet with twin order at Jinling Shipyard
Danish outfit DFDS is enhancing its fleet with the addition of two newbuild ro-ro freight ships ordered at China’s Jinling…
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Kawasaki Heavy may close its shipbuilding business
Declining profitability may cause Japan’s Kawasaki Heavy Industries to close its shipbuilding business. The company said it would decide by…
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Olympic Ship buys more time with second standstill extension
Oslo-listed Olympic Ship has again extended its standstill agreement with secured lenders, this time through to October 14. Olympic will…
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Dolphin Drilling semi-submersible contract terminated by Total
Norway’s Fred. Olsen Energy has announced that Total E&P UK has terminated the contract for Dolphin Drilling semi-submersible rig .…
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BP slams Deepwater Horizon movie
Despite winning the praise of movie critics, the new blockbuster movie Deepwater Horizon starring Mark Wahlberg has not received the best…
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Mexico, the US and Cuba discussing overlapping offshore rights in Gulf of Mexico’s Western Polygon
Representatives from Mexico, the US and Cuba met in Mexico City in a continuing effort to delineate each country’s rights…
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