Region
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Vessel carrying ‘fertiliser’ detained due to suspected bomb plot
Authorities in Indonesia have detained a Malaysian vessel carrying 30 tonnes of ammonium nitrate, which police suspect may have been…
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Precious eyes ultramax acquisitions and supramax sales
Thailand’s Precious Shipping reportedly plans to sell its nine supramax bulk carriers and replace them with secondhand ultramaxes, having already…
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Oldendorff takes another capesize on timecharter, spot market stronger
Oldendorff has booked a capesize owned by Greece’s Phoenix Energy Navigation on a 12-month period charter while spot rates continue…
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Plan for Hudson River anchorage sites finds further opposition
A county legislature in New York state has voted unanimously to oppose a plan for 10 commercial vessel anchorages on…
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Shell well offshore Nova Scotia comes up empty
Royal Dutch Shell’s Canada subsidiary has come up empty in its first exploration well at a field offshore Nova Scotia.…
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Ezra shareholders approve FPSO sale
Shareholders in Singapore’s Ezra Holdings have voted overwhelmingly in support of selling the majority of the company’s interest in PV…
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K Line dismisses bankruptcy speculation
Representatives at Japanese shipping major Kawasaki Kisen Kaisha (K Line) have rubbished reports from China that the line will shortly…
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A.P. Møller-Mærsk splits in two
As expected Europe’s largest maritime conglomerate will split in two. A.P. Møller-Mærsk will divide its energy and transport divisions in…
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Attention turns to Hanjin Group’s $7bn debts
Beleaguered Hanjin Shipping has received some welcome news in the form of much needed emergency funding to help offload stranded…
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Marco Polo Marine’s future in doubt
Singapore-listed Marco Polo Marine has said in an announcement that there may be a substantial doubt about the group’s ability…
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Rickmers Maritime revises debt restructuring plan
Rickmers Trust Management, the trustee manager of Rickmers Maritime, has announced a revised restructuring plan in relation to S$100m 8.45%…
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MPC Capital sells eight boxships for $398m
MPC Maritime Investments, a subsidiary of MPC Capital, has arranged the sale of a portfolio of eight containerships for a…
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Coscocs starts restructuring of shipbuilding assets
China Cosco Shipping Corporation (Coscocs), the shipping conglomerate formed by the merger of Cosco and China Shipping, has started the…
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Boxship attacked by pirates off Guinea
The 1,600 teu boxship was attacked by pirates early yesterday morning while at anchorage at Conakry in Guinea. Six armed…
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Topaz orders two additional module carriers at Vard
Norwegian offshore shipbuilder Vard Holdings has secured a contract for the design and construction of two module carrier vessels for…
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Petrobras announces additional 25% capital expenditure cut
Brazil’s troubled state oil firm Petrobras will further slash its capital expenditure as it struggles to reduce its huge debt,…
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Peter Döhle and Sirius cooperate on crew training in Manila
Peter Döhle Schiffahrts and Sirius Ship Management have agreed to cooperate on the recruitment, training and career development of seafarers…
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Shell charters three of Viking Supply’s anchor handlers
Shell Trading & Shipping has chartered three anchor handling tug support (AHTS) vessels for a combined £840,000 from Viking Supply…
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Court approves Prisco liquidation
A bankruptcy court in New York has approved Primorsk International Shipping’s (Prisco) liquidation plan, reports say. Prisco filed a voluntary…
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Aegean Marine renews $1.25bn in financing
Aegean Marine Petroleum Network has renewed $1.25bn in financing from its lenders, which will be used for working capital. The…
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