Region
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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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Shell confirms big find in Gulf of Mexico offshore New Orleans
Anglo-Dutch oil super major Shell announced it has made a significant offshore oil discovery in the US Gulf of Mexico.…
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Libyan oil terminals set to reopen
Libya is finally set to recommence oil exports from long shuttered key terminals in the east of the war-torn country.…
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Zhonggu Shipping establishes financial leasing arm
Chinese domestic containership operator Zhonggu Shipping has established a fully-owned financial leasing unit, Tianjin Zhongrong Hengtai International Leasing, at Tianjin…
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Six US port projects succeed in bids for Tiger funding
Commercial seaports and projects that benefit the flow of goods through the country’s ports have been granted $61.8m in the…
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Indonesian chief engineer suffers 80% burns following engine room fire
The chief engineer of an Indonesian general cargo vessel is in a critical condition in hospital following a fire in…
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Benita sinks off Mauritius
Five Oceans Salvage report that the bulk carrier, which was under tow en route from Mauritius to India, sunk yesterday…
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DP World to operate container terminal in St John, Canada
Dubai port operator DP World said it has signed a lease agreement to expand and operate the multipurpose Rodney container…
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ILWU eyes bringing forward contract talks by three years
Dockworkers with the International Longshore and Warehouse Union (ILWU) have said the union will consider next month an earlier-than-expected vote…
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Swiber makes stunning liquidation U-turn, goes into judicial management
Singapore offshore operator Swiber Holdings has completed a dramatic week of twists and turns by announcing it will not be…
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