Sector
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MODEC awarded operations contract by Woodside for Sangomar FPSO
Japan’s MODEC has signed a contract with Woodside for the operations and maintenance of the FPSO vessel for the Sangomar…
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BW LPG to send three more VLGCs for LPG dual fuel retrofitting
BW LPG has committed an additional three VLGCs for LPG dual fuel retrofitting, bringing its total commitment to 15 vessels…
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DZ pulls the plug on DVB Bank
The parent of loss-making DVB Bank has decided to call time on one of the most famous names in ship…
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Hafnia tanker at Jeddah becomes latest mine victim
, a Singapore-flagged LR1 product tanker belonging to the fleet of Hafnia, has been hit from an “external source” whilst…
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Drone survey suggests ONE Apus cargo claims could top $200m
Unloading of containers of the badly damaged is proceeding slowly at the Japanese port of Kobe with the operation to…
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Tanker and bulker owners look on as Xi tightens environmental goals
Xi Jinping, the president of China, upped his nation’s green goals over the weekend in a video address that will…
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BRS strikes out into new green territory with carbon credits brokerage
France’s Barry Rogliano Salles (BRS) has become the first shipbroker to offer emissions consulting services and carbon credits brokerage. The…
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MSC continues secondhand boxship buying spree with $15m Lomar deal
Swiss-headquartered containerline Mediterranean Shipping Company (MSC) continues to hoover up secondhand boxships at pace. MSC has acquired the 2005-built 4,934…
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Brazilian prosecutor seeks to freeze Maersk assets over corruption allegations
The Brazilian federal prosecutor has pressed charges against Maersk and its former executives over allegations regarding the payment of bribes…
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Havila Shipping takes back OCV from DeepOcean
Norway’s Havila Shipping has terminated the charter contract with DeepOcean for 2009-built OCV . Havila says that DeepOcean is in…
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Algae propels MOL tugboat on landmark voyage
Mitsui OSK Lines (MOL) today revealed it has conducted successful sea trials on one of its tugboats fuelled in part…
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Two boxships collide near Shanghai, three dead and five missing
Two containerships collided near the Yangtze River estuary off Shanghai late on Sunday night resulting in the sinking of one…
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Artificial intelligence can’t answer everything
Ioannis Psarros, chief commercial officer of Signal Maritime Services discusses the limitations of AI for tanker chartering At Signal we…
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Korea Ocean Business Corporation to enter ship leasing
The Korea Ocean Business Corporation (KOBC), a state-run entity aimed at supporting the local shipping and shipbuilding industry, is looking…
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Algoma Central secures refinancing
Canadian Great Lakes operator Algoma Central Corporation has completed a refinancing of its senior secured credit facilities that were due…
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Aker Solutions awarded subsea contract by Equinor
Aker Solutions has been chosen by Equinor for the delivery of a subsea production system to the Kristin Sør oil…
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S’hail Shipping adds another bulker to MaruKlav pool
S’hail Shipping has placed a sixth vessel into MaruKlav’s Baumarine Pool, adding the 2007-built panamax bulker which it recently acquired…
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China Merchants forms strategic partnership with China Minmetals
China Merchants Group has signed a framework agreement to form a strategic partnership with China Minmetals Corporation to start a…
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Asia-Europe rates climb to new highs
Spot rates published this afternoon by the Shanghai Containerized Freight Index (SCFI) show prices to move goods from Asia to…
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MOL announces Ikeda’s successor
Japan’s largest shipowner, Mitsui OSK Lines (MOL), is shuffling top management with Junichiro Ikeda moving upstairs to chairman and Takeshi…
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