Sector
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DOF and DOF Subsea enter into debt standstill agreements
Norway’s DOF and DOF Subsea have each entered into standstill agreements with their secured lenders, representing 93% of the total…
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Zhangzhou Shipping moves to clear out fleet with handy bulker auction
China’s state-run Fujian Province Zhangzhou Shipping has listed its only two vessels up for auction sale on Guangzhou Shipping Exchange.…
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Offshore Titans launches with Covid-19 fundraiser
Offshore Titans, a start-up online platform which aims to address mental health issues within the offshore energy industry, has been…
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African Offshore Services acquires resale accommodation vessel from Cosco Shipping Heavy
African Offshore Services (AOS), an offshore accommodation service provider in West Africa, has entered into an agreement with SinoOcean, the…
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Five top names in shipmanagement discuss the future of the industry post-coronavirus
Today marks a shipmanagement special in the ongoing Maritime CEO Leader Series powered by Ocean Technologies Group, featuring five of…
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Capes have lost $10,000 a day so far this year as record low approaches
Capes ducked below $2,000 a day yesterday with losses mounting and the record low for this bulk carrier type standing…
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Stopford’s worst-case scenario: sea trade declines 17% by 2024
SMM, the world’s largest shipping exhibition, held its regular press event curtain-raiser this week by Zoom with famous names in…
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NYK secures class approval for autonomous ship framework
Japanese owner Nippon Yusen Kaisha (NYK) has obtained approval in principle (AIP) for an autonomous ship framework, currently being developed…
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Fund invests $145m for offshore wind infrastructure at Port of Esbjerg
Nordic infrastructure fund Infranode has partnered up with Port Esbjerg in Denmark to invest up to DKK1bn ($145m) into new…
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Thenamaris in for Sinokor VLCC resale
Brokers report that Sinokor has sold a VLCC resale – hull 5,473 – which is due for delivery from Daewoo…
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Cape in the spotlight fails to find new buyers
The ship S&P brokers were watching most carefully this week has been withdrawn from the market as owners, Hsin Chein…
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Seadrill drillship suffers early termination
Seadrill Partners has announced that it has received a notice of termination for the contract for which will see it…
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Hornbeck Offshore reorganisation under chapter 11 moves a step closer
Having secured support from lenders and noteholders last month for a prepackaged chapter 11, Hornbeck Offshore Services has launched a…
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Cosco Shipping Leasing applies for more funding
Cosco Shipping Development has announced that its subsidiary Cosco Shipping Leasing plans to apply for a RMB400m ($56m) credit facility…
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2020 Bulkers secures time charters with Glencore for newcastlemax pair
Tor Olav Troim’s 2020 Bulkers has announced that it has sealed time charter contracts with Glencore for two of its…
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Chaozhou Yatai Shipping lists panamax for sale
Chaozhou Yatai Shipping has listed its 2012-built 76,000 dwt panamax bulker for auction sale on Guangzhou Shipping Exchange. The starting…
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Shipping given one final month to resolve crew change issue
Employers and seafarer trade unions have agreed one final month’s extension before crews working beyond their stipulated contracts must be…
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Danish Ship Finance issues damning 80-page report on shipping prospects
In one of the most sobering shipping reports penned for a decade Danish Ship Finance has laid out how badly…
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Capesize rates plunge to four-year low
Capesize bulkers are now trading at their lowest levels since March 2016, the all-time low point for dry bulk shipping,…
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Weekly Broker: Sales fade from view
The sale and purchase market has seen volumes shrink much further this past week. The distressed container and bulk shipping…
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