Region
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Port of Oakland terminal makes night gates policy permanent
The Port of Oakland has announced that the policy of operating night gates at its International Container terminal, originally a…
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DOF sells subsea vessel
DOF Subsea has agreed to sell its subsea support vessel to a new joint venture being formed by Akastor’s AKOFS…
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RBS’s shipping business will be wound down, not sold
The Royal Bank of Scotland (RBS) has abandoned efforts to sell its $5bn shipping loan portfolio and has begun winding…
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BW LPG prepares takeover offer for Aurora
BW LPG has upped its stake in Aurora LPG again and is to launch a voluntary tender offer to buy…
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CMES capesize fixed on timecharter, more optimism in spot market
China Merchants Energy Shipping has reportedly fixed one of its capesize bulk carriers on a five- to eight-month timecharter while…
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Farstad closes its Melbourne office, halves Australian workforce
Farstad Shipping is to close its management office in Melbourne and run its Australian operations from its office in Perth.…
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Navios Acquisition lends $70m to Navios Maritime
Navios Maritime Acquisition has provided a $70m secured loan to its sister company Navios Maritime Holdings, which will be used…
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Welcome to the Hanjin California
Frazer Hunt, a partner at Australian law firm Mills Oakley, taps The Eagles in charting the chaos sparked by the…
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Short-term pain, long-term rationalisation: Hanjin focus of Marine Money discussions
The collapse of Hanjin Shipping has brought short-term pain for all carriers, but further down the line the sector’s largest…
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Hanjin Shipping to return all chartered tonnage
Leading tonnage providers are set to take a $1.2bn hit to their bottom lines with a judge in Seoul ruling…
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Buy cheap tonnage now, pay back debts later: Marine Money Singapore
Now is the time to buy cheap ships, and then pay off debts when the good times return, a panel…
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Giant fire engulfs Wan Hai ship in Hong Kong waters
Hong Kong’s Marine Department has maintained a no go zone around the containership which suffered a spectacular fire yesterday evening,…
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Navig8 selects Hyundai Mipo for STX replacement orders
Brokers report Navig8 Chemical Tankers has got South Korea’s Hyundai Mipo Dockyard to build a series of ships. The deal…
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Navios revisits controversial loan
A controversial loan between Navios sister companies that brought a lawsuit and was eventually scrapped in April has been resuscitated…
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Chinese ship repair facility to be established in Piraeus
Piraeus is set to have a new, large ship repair base, with local reports in Greece suggesting China Cosco Shipping,…
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Otto Marine takeover complete, to delist from SGX next week
RHB Securities Singapore has announced that it has, for and on behalf of Ocean International Capital, received valid acceptance for…
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Post-Hanjin, there’s a need for a global container rescue fund
The demise of Hanjin has come as a surprise to many market participants. Mostly, because the signals given by banks…
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Turkish ship sinks off Cyprus
A Turkish general cargo vessel sank yesterday one hour after the master had SOS’d that the ship’s engine room was…
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IUMI details uncertain, challenging environment for marine insurance
The International Union of Marine Insurance (IUMI), unveiling its annual statistical report on the marine insurance market at a conference…
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Dae Sun wins chemical tanker order
South Korea’s Dae Sun Shipbuilding & Engineering has won an order to build a 3,500 dwt stainless steel chemical tanker…
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