Sector
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Prosafe and Floatel give up on merger
Two major offshore accomodation platform operators Prosafe and Floatel International have mutually decided to discontinue their merger process due to…
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PSA Marine buys Peruvian towage firm
Singapore’s PSA Marine has bought Peru’s Tramarsa Flota from Grupo Romero. Tramarsa Flota is a port services company involved in towage,…
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Stealth Gas LPG carrier suffers leak in China
The 2003-built 5,000 cu m LPG carrier , owned by Greece’s Stealth Gas, caused a gas leak scare in Fuzhou,…
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Tianjin Port official arrested for corruption
Tianjin Port has announced that an accounting official of its wholly owned subsidiary Tianjin Port Coke Terminal has been arrested…
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Crew movement caught up in coronavirus
One of the less reported side effects hitting global supply chains in the wake of the coronavirus emanating from China…
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IMO urged to toughen up 2030 GHG goals
The International Council on Clean Transportation (ICCT) has had a busy start to the year trying to shape the future…
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HMM poised to take delivery of record-breaking 23,964 teu boxship
South Korean flagship HMM has revealed the actual capacity of its mega boxship series set to start trading from early…
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Detained Yang Ming boxship released by Australian authorities
Taiwanese shipping line Yang Ming Marine Transport has announced that its 4,250 teu containership YM Eternity has been released by…
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Deiulemar co-founder Giuseppe Lembo dies aged 82
Giuseppe Lembo, the last of the three founders of the Torre del Greco-based Deiulemar shipping empire, died yesterday at the…
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Euronav acquires three newbuild VLCCs
Belgian tanker owner Euronav has entered into an agreement for the acquisition of three resale VLCC newbuildings, currently completing construction at…
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Emerging Korean owners lead bulker S&P revival
It’s been a busy week in the sales and purchase segment with plenty of bidders all hoping that the severe…
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IFCHOR appoints Giovanni Ravano as joint CEO
Switzerland-headquartered shipbroking house IFCHOR has announced the appointment of Giovanni Ravano, joining Emanuele Ravano as joint chief executive officer. Giovanni…
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Noble Corporation signs new drilling agreement with ExxonMobil for Guyana-Suriname Basin
London-headquartered offshore driller Noble Corporation has signed an agreement with ExxonMobil for drilling services in the Guyana-Suriname Basin. The agreement…
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ADNOC Logistics and Services inks India FSU deal
ADNOC Logistics and Services has entered into an agreement with Atlantic Gulf & Pacific (AG&P) for the conversion, supply, operations,…
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Pacific Drilling to appeal $320m arbitration award
Offshore driller Pacific Drilling have filed an application with the High Court in London to appeal the award that has…
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Cambiaso Risso makes P&I move
Cambiaso Risso Group, a top Italian name in hull & machinery insurance, has bought out Genoa-based Costa Brokers, a firm…
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Coronavirus crude contango sees floating storage stage a comeback
Oil demand destruction from the coronavirus outbreak has sent prompt crude prices lower and flipped the crude market into contango,…
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European Commission under attack for decision to extend liner block exemption
Associations representing shippers, freight forwarders and port service providers have hit out at the European Commission’s decision to extend the…
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CMA CGM commits to hydrogen-powered shipping
French container line CMA CGM has joined a growing group of shipowners committed to finding a hydrogen-powered solution to decarbonise…
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Baltic Exchange asks owners to share emissions data
The Baltic Exchange is asking shipowners to share their emissions data for the collective good of the industry. The London…
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