Region
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More Cosco rebrands as restructuring nears completion
China Cosco Holdings, one of the flagship-listed entities of China Cosco Shipping Corporation (CoscoCS), has announced that the board has…
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Malaysia offers shipyard tax perks
Malaysia’s Ministry of International Trade and Industry (Miti) has introduced new tax incentives for shipbuilders and ship repair yards. Miti…
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Subsea 7 acquires Swagelining
Norwegian offshore service provider Subsea 7 has further expanded its existing polymer pipeline technology interests with the acquisition of Swagelining,…
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Otto Marine enters arbitration with Vettal Mega Services
Otto Marine has announced that its subsidiaries, Swordfish 5 and GO Offshore, have each commenced arbitration proceedings under the London…
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VDR of sunken El Faro has been successfully recovered
The US National Transportation Safety Board (NTSB) has announced that the Voyage Data Recorder (VDR) of sunken cargo vessel El…
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Shipping the Zika virus around the world
Videotel has produced a video and companion digital workbook on the dangers of this growing virus. Fleet owners, shipmanagers, masters:…
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TAS Offshore secures order for tug duo
Malaysian shipbuilder TAS Offshore has announced has secured two contracts for the sale of 2 harbour tugs. The vessels were…
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Vessel capsizes in Valetta harbour after allision with K Line ship
A fish farm vessel capsized in Grand Harbor in Valetta, Malta after being hit by a K Line heavy-lift vessel,…
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Briese and Auerbach join forces
Germany’s Briese and Auerbach shipping companies have formed a strategic alliance to mitigate the downturn. Both companies will cooperate more…
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DOF repurchases bonds, fixes vessels
Oslo-listed DOF has completed the issue of new equity and a bond loan, which represent the first steps of its…
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NewLead bulker sold at auction
NewLead Holdings’ disputed bulk carrier has been sold at action in the US for $7.4m to Singapore’s MT Maritime Management.…
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Russia invites China to invest in its shipyards
Russia has invited China to invest in shipbuilding facilities in the Far East of the country, reports say. “We are…
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DSME’s 2015 loss was bigger than it reported, investigation finds
Financial authorities in South Korea have found that the operating loss posted by Daewoo Shipbuilding & Marine Engineering (DSME) in…
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DBS Bank boss warns of offshore ‘contagion’ following Swiber’s demise
The bank with the biggest exposure to the decline and fall of Swiber Holdings has warned of more pain spreading…
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Wood Group braces for more North Sea rig strikes
Two UK trade unions have announced the dates for further strike actions taken against Wood Group on rigs in the…
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SGX and the Baltic: a passing of the baton
Living in China for much of this century I always recall how much the locals liked Singaporean delegations coming to…
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Cyprus Maritime Academy: ‘Bridging a gap between education, science and industry’
The Cyprus Maritime Academy, part of the University of Nicosia, is promising to help fill the global officer shortage and…
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MMC IPO reportedly on the cards
Dow Jones is reporting Malaysian tycoon Syed Mokhtar Al-Bukary is planning an IPO of his port assets to raise at…
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Winson takes second V-Max from Gener8 Maritime
Winson Shipping is doubling its VLCC fleet size, adding its second ship in less than a month brokers tell Splash.…
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Guoyu Shipbuilding looks to resume operations after settling with workers
Guoyu Shipbuilding looks to resume operations after settling with workers Financially troubled Yangzhou Guoyu Shipbuilding has reached a settlement agreement…
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