Region
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Mission to recover El Faro VDR set to begin
The delayed mission to recover sunken cargo vessel El Faro’s voyage data recorder (VDR) is set to begin. National Transportation…
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Diamond Offshore stacks two rigs, scrapping another two
Houston-based offshore driller Diamond Offshore has revealed that it has stacked two rigs in the last quarter and that it…
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Transocean to buy back Transocean Partners
Offshore driller Transocean said it will be acquiring all outstanding common units of master limited partnership Transocean Partners that it…
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Jiangxi Tongda Shipping to list on NEEQ
Jiangxi Tongda Shipping, a chemical tanker operator on Yangtze River, has applied to list on China’s National Equities Exchange and…
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Fraser Shipyards fined almost $1.4m for exposing workers to unsafe levels of lead
A Wisconsin shipyard has been fined almost $1.4m for exposing its workers to levels of lead way beyond the legal…
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DryShips to reverse split its stock after Nasdaq warning, CFO resigns
DryShips has decided to undertake a four-for-one reverse split of its shares after receiving a written notification from the Nasdaq…
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STX Heavy enters court receivership
One of South Korea’s largest engine manufacturers has become the latest STX affiliate to seek court protection. At 14.00 local…
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Marlink and Telemar join forces, will service a third of the merchant fleet
Apax Partners has signed a definitive agreement to acquire Telemar Group from its current shareholders. The combined activities of Telemar…
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Thornico launches bulk carrier business
Thornico has launched Thorco Bulk, a new “asset-light” venture that will operate handysize and supramax bulk carriers from today onwards.…
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Italian rules on short sea shipping and ports are changing
The Italian government led by the prime minister Matteo Renzi is shaking up the national law on ports and ships.…
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SBI Offshore terminates joint venture with Gräss
SBI Offshore has cancelled its plans to form a joint venture (JV) in solar power with Gräss Group. In August…
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Petrofac not implicated in Unaoil corruption scandal, investigators confirm
An independent investigation has confirmed that no bribes were ever paid by Petrofac to Unaoil, the Monaco-based oil trader raided…
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International Shipholding Corporation files for Chapter 11
The American shipowner International Shipholding Corporation has filed for relief under Chapter 11 at a court in New York. The…
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Swiber unable to make coupon payment
Swiber Holdings said today, via its provisional liquidator, it cannot pay the upcoming coupon payment for the S$150m 6.5% certificates…
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Depressed VLGC owners are ‘running out of ideas’
VLGC owners are “running out of ideas” about how best to cope with the current depressed market, Clarksons Research details…
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BW orders VLCC pair at DSME
Singapore’s BW Group has placed orders to build a pair of VLCCs at Korea’s Daewoo Shipbuilding & Marine Engineering (DSME),…
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AC Oil banned from selling bunkers in Singapore
Another bunker supplier, AC Oil, has had its licence revoked by the Maritime and Port Authority of Singapore (MPA). “MPA’s…
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Golden Union paying $32.5m for brand new cape
Brokers are linking Greece’s Golden Union with a $32.5m raid for a brand new 180,000 Chinese-built capesize. Golden Union is…
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James Fisher buys Singaporean diving specialist
British marine engineering outfit James Fisher has bought Singaporean firms Lexmar Engineering and Lexmar Sat Systems. The initial consideration is…
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Coastal Contracts buys into Indonesian LNG market
Malaysian offshore service provider Coastal Contracts has entered into a binding memorandum of understanding to acquire 215 ordinary shares in…
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