Sector
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Italian ports lose their tax exemption status
The European Commission has told Italy to abolish the corporate tax exemptions granted to its ports, in order to align…
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Electric failure sparks ship mayhem at Algerian port
The 13-year-old, 1,100 teu suffered an electrical failure while unmooring at the Algerian port of Béjaïa, the ship rearing out…
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Ørsted sells 25% of Ocean Wind project to New Jersey’s PSEG
Danish renewable energy giant Ørsted has entered into an agreement to sell a 25% ownership interest in its Ocean Wind…
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Siem Offshore offloads ageing anchor handler
Siem Offshore’s Secunda Canada has sold the 1998-built anchor handling tug supply vessel . Deliver to the new owner is…
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Petrodive: Offshore wind expansion
Dubai-based subsea service provider Petrodive is gearing up for a next round expansion to grab the opportunities from the emerging…
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Solstad Offshore awarded CSV contract
Norway’s Solstad Offshore has been awarded a contract for the 2016-built construction support vessel . The vessel will support operations…
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MSC launches Christmas competition and unveils festive knitwear
The Danish division of Mediterranean Shipping Co (MSC) has unveiled a Christmas competition, promising a unique gift for the winner. …
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Insurance claims from ONE Apus box spill set to top $50m
The total insurance bill from the box spill this week is set to top $50m. More than 1,900 containers –…
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Asia – Europe spot rates up 200% year-on-year
Fridays, 4pm China time, are ringing in records for container shipping week in, week out. The weekly publishing of the…
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Chevron follows Exxon in slashing capital spending
Covid-19’s seismic effect on the fortunes of tanker owners is beginning to become clearer. Yesterday American energy major Chevron announced…
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ADNOC orders VLCC trio at DSME
Daewoo Shipbuilding & Marine Engineering (DSME) has won a KRW282bn ($257m) order to build three VLCCs for Abu Dhabi National…
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Xihe quartet placed into Maersk Tankers pools
Maersk Tankers has taken over the running of four product tankers owned by Singapore’s Xihe Holdings, which is currently under…
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Pacific Basin joins Wah Kwong in carbon credit scheme
Listed dry bulk company Pacific Basin has followed another Hong Kong line in pursuing a local carbon credit scheme. Pacific…
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Grindrod extends charter of Nisshin supramax
Nasdaq-listed dry bulk and product tanker owner Grindrod Shipping is extending the firm charter-in period of the 2015-built supramax .…
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Odfjell takes Lindsay Goldberg stake in Korean terminal
Norway’s Odfjell has reached an agreement with American private equity firm Lindsay Goldberg (LG) to acquire its indirect 24.5% shareholding…
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Boskalis brings in P&O vessel for offshore wind projects in Taiwan
Dutch subsea and dredging firm Boskalis is adding the 2019-built multipurpose offshore construction vessel to its fleet. The vessel will…
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Ziton raising cash to buy Vroon wind turbine installation vessel
Danish owner Ziton is raising €35m ($42.5m) via a bond issue so that it can acquire Vroon’s 2011-built wind turbine…
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Woodside takes FAR stake in Senegal joint venture
Australia’s Woodside is exercising its right to pre-empt the sale by FAR Senegal to ONGC Videsh Vankorneft of FAR’s interest…
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American firm details plans for a Jones Act compliant offshore wind subsea rock installation vessel
NASDAQ-listed Great Lakes Dredge & Dock Corporation (GLDD) is moving forward with the design and development of the first US-flagged…
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Beijing loosens Australian coal blockade
A few Australian coal shipments are finally making it onto Chinese soil after months of political impasse between the two…
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