Region
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Farstad Shipping wins subsea work from Total
Norway’s Farstad Shipping has been awarded an 18 month contract by Total E&P Congo, via Petro Services, for 2015-built construction…
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Maersk linked with taking over both Hanjin and HMM
Maersk Line, fresh from announcing plans to seek acquisitions rather than build new ships, is being linked as the white…
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Samsung Heavy and GasLog close to sealing LNG orders
Samsung Heavy Industries (SHI) is being widely tipped to have just about clinched its first order of the year. Monaco-based…
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Ocean Yield takes two chemical carriers
Ocean Yield has agreed to acquire two 45,000 dwt IMO II chemical carriers for $35m per vessel in combination with…
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ESL Shipping in for ice-class LNG-fuelled bulkers
ESL Shipping has tapped Sinotrans & CSC Shipbuilding Industry Corporation’s Jinling Shipyard to build two LNG-fuelled bulk carriers. “The two…
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Two in, two out for Vietnam’s Prime Shipping
Vietnam’s Prime Shipping Corporation, one of few Southeast Asian owners still active both selling and buying ships, has let go…
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Petrobras in market for six new platforms
Brazil’s state oil firm Petrobras will be in the market next year for bids on the construction of six new…
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Farstad Shipping offloads AHTS
Farstad Shipping has announced that it has sold the 1998-built AHTS through its wholly owned subsidiary in Singapore. The vessel…
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Nordic American Tankers raises capital for fleet expansion
Nordic American Tankers has announced an underwritten public offering of 11,000,000 common shares. On September 23, the closing price of…
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Lithuanian captain accused of being drunk on duty
A 43-year-old Lithuanian captain appeared in a Belfast court yesterday accused of running a containership while drunk. Eugenijus Tulauskas was…
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Wisdom Marine issues new shares for fleet expansion
Taiwanese owner Wisdom Marine has announced that the board has approved a resolution to issue new shares with total value…
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Pappas takes cheap product tanker
Petros Pappas-controlled Product Shipping & Trading has snapped up a cheap MR product tanker, according to broker reports. The Greek…
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Ningbo Marine aborts restructuring
Ningbo Marine has announced that a company restructuring plan has been rejected by China Securities Regulatory Commission (CSRC) and it…
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Sea Trucks Group earns Gulf of Mexico accommodation deal
Sea Trucks Group has won an accomodation and heavy lift contract for one of its vessels in the Gulf of Mexico.…
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SGX completes takeover of the Baltic Exchange, new CEO named
Shareholders have voted to approve the terms of the Singapore Exchange’s (SGX) acquisition of the Baltic Exchange, which from 2017…
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Five anchor handlers fixed to reposition drilling platforms
The spot market for anchor handling tug supply (AHTS) vessels today saw a flurry of activity for mobilising drilling platforms,…
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Teras Offshore accommodation unit wins windfarm work
Teras Offshore, part of Singapore’s Ezion Holdings, has won a 16-month contract to provide its jack-up accommodation rig at an…
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Rothschild to help find buyer for majority stake in ABG Shipyard
A consortium of lenders led by State Bank of India has enlisted the help of Rothschild to find a buyer…
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Nigeria plans national shipping company IPO
Nigeria’s efforts to strengthen its domestic fleet have stepped up a gear and the country is now planning an initial…
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HMM share price jumps on Hanjin fleet fire sale speculation
Shares in Hyundai Merchant Marine (HMM) leapt 6% to close in Seoul today at KRW8,700 on increased speculation that the…
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