Region
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RBS hit by $347m shipping impairment
Royal Bank of Scotland’s (RBS) shipping exposure is contributing to poor results for the institution that is controlled by UK…
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DSME’s liquidity shortage set to worsen
The next few years will prove incredibly hard for Daewoo Shipbuilding & Marine Engineering’s (DSME) balance sheet, a new due…
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Epic Gas: More hopeful for 2017 prospects
While admitting rates are foul at the moment, Charles Maltby, chairman and ceo of Epic Gas, is adamant the company…
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What does an expanded Panama Canal actually mean for global trade?
Every time I think about the Panama Canal, I cannot resist wondering what the international shipping would look like if…
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Seaspan boosts war chest with eye on Greater China International takeover
Seaspan continues to build its war chest with an eye on taking over the Greater China International fleet. Yesterday it…
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Navig8 Product Tankers secures sale and leaseback deal for trio
Navig8 Product Tankers has entered into sale and leaseback agreements with China’s Bank of Communications Finance Leasing for three of…
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Authorities investigate HMM’s share price slide
The Financial Supervisory Service and the Korea Exchange are investigating the extraordinary plunges this week in the share price of…
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Gulf Marine Services secures new contract and extension
Offshore vessel operator Gulf Marine Services has announced that it has won a new contract a Middle East and North…
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OOS orders two semi-submersible crane vessels at China Merchants
OOS International Group has signed a fixed contract with China Merchant Industry Holdings for the engineering and construction of two…
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Wallem responds to sex discrimination allegations
Hong Kong’s Wallem Group has responded to a sex discrimination row that erupted Thursday morning in the UK’s Daily Mail,…
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China Cosco Shipping Group shuffles management
China Cosco Shipping Group (Coscocs), the new state-run shipping conglomerates merged by Cosco Group and China Shipping Group, has announced…
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Vard ups stake in Brazil yard
Vard Holdings has increased its ownership stake in its indirect subsidiary in Brazil, Vard Promar, to 95.15%. Vard Promar, previously…
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Sainty Marine delays restructuring plan
Bankrupt Chinese shipyard Sainty Marine has announced that Nanjing Intermediate People’s Court has approved the company’s request to extend the…
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Sale of LNG distribution arm could net Petrobras around $768m
Petrobras, the corruption-wracked Brazilian state oil firm, stands to make around $768m from the sale of its liquefied natural gas…
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Oil spill near mouth of Mississippi
An oil spill of as much as 4,200 gallons discharged from a well into the Mississippi River near where it…
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Oldendorff fixes Zodiac super-cape on timecharter
Oldendorff has fixed Zodiac Maritime’s super-capesize bulk carrier (206,312 dwt, built 2005) on a five- to seven-month period charter for…
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USCG blames Fennica grounding on outdated charts
The US Coast Guard (USCG) found that out-of-date navigational charts were to blame for the grounding of the icebreaker Fennica…
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Alaskan authorities look into oil spill at Hilcorp terminal
Environmental authorities in Alaska have announced they are investigating an oil spill that occurred last week at Hilcorp Energy’s Drift…
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Another creditor files for THHE Fabricators to be wound up
A third creditor has filed a petition with the Kuala Lumpur High Court of Malaya to wind up THHE Fabricators,…
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Singapore Exchange makes $103m offer for Baltic Exchange
The Singapore Exchange (SGX) is going ahead with the solicitation of support from shareholders in the Baltic Exchange, for which it…
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