Sector
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Caspian Sunrise acquires Caspian Explorer drilling barge rig
Kazakhstan based oil and gas exploration and production company Caspian Sunrise is acquiring drilling barge rig for $25m. Caspian Sunrise…
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Probunkers books LNG bunker vessel pair at Hyundai Mipo
Greek bunkering service provider Probunkers has entered into a letter of intent with Hyundai Mipo Dockyard for construction of two…
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Shipping reacts to $1,000,000,000,000 decarbonisation bill
Shipping will need far greater collaboration, both among existing players as well as with governments and land-based business partners, to…
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Giuseppe Rizzo and his sister make swift shipowning return
Giuseppe Mauro Rizzo, former chief executive officer of RBD Armatori, will be co-owner of the newly built Rb-Rd Armatori vehicle,…
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Schulte debuts maritime asset investment platform
German shipping major Schulte Group has linked up with DEVK, a local insurance group, to create Navigo Shipholding, a maritime…
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CSBC chairman resigns after consecutive losses
Cheng Wen-Lon, the chairman of Taiwanese flagship shipbuilder CSBC Corporation, has sent an application to controlling shareholder the Ministry of…
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China Merchants acquires dry bulk and LNG shipping assets of Sinotrans
China Merchants Energy Shipping (CMES), the energy shipping unit of China Merchants Group, has announced a plan to acquire the…
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DP World chooses landlocked Switzerland for its next investment
Global terminal operator DP World has chosen a landlocked country for its next investment. The Dubai-headquartered company is buying into…
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Kassian pockets $3m from panamax sale
Kassian Maritime Navigation, run by the the Pappadakis family, has continued to renew its bulker fleet with the disposal of…
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Oceanteam and Bourbon defer repayment on joint venture subsea vessel pair
Oceanteam and Bourbon, the joint owners of CSVs Bourbon Oceanteam 101 and CSV Southern Ocean, have deferred the January instalments…
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Maersk Drilling awarded two-well jackup extension by Aker BP
Maersk Drilling has been awarded a two-well contract extension, with a further one-well option, from Aker BP for 2015-built jackup…
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Pablo Rodas-Martini: Strategic thinking when it comes to IMO 2020
Among his many passions, Pablo Rodas-Martini is a mean player at chess. This tactical, often attritional, way of thinking and…
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IMI confirms jackup rig contracts at Lamprell
International Maritime Industries, a new shipbuilding joint venture between Saudi Aramco, Bahri, Lamprell and Hyundai Heavy Industries (HHI), has awarded…
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Shanghai Xiangfa Shipping seeks new investor
Shanghai Xiangfa Dangerous Cargo Shipping & Stoarge Company is looking for new investors to restructure the company after it was…
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ADES secures jackup extension from Saudi Aramco
Egyptian offshore driller ADES International has sealed a second contract extension with Saudi Aramco this month, the latest for 1979-built…
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More than $1trn needed to meet IMO’s 2050 environmental goals
At least $1trn of capital investment in land-based and ship-related infrastructure will be required to halve international shipping’s greenhouse gas…
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Low sulphur fuel found to have higher black carbon emissions than HSFO
Mandated into law for less than three weeks and very low sulphur fuel oil (VLSFO), shipping’s new number one bunkering…
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Scrubber-fitted capes speed up in first weeks of the new year
The largest bulk carriers afloat are moving at different speeds depending on whether or not they have a scrubber fitted.…
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Hapag-Lloyd signs space charter agreement with Maersk and MSC
German containerline Hapag-Lloyd will expand its product offering on the Asia-North Europe trade starting in March 2020. As a member…
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Dynacom returns to New Times for suezmax series
George Procopiou’s Dynacom Tankers Management has placed an order for four 158,000 dwt suezmaxes at Chinese independent yard New Times…
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