Sector
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Piracy attacks off Nigeria rise
Piracy attacks off West Africa over the past week have escalated, reaching extraordinarily dangerous proportions where bullets were fired at…
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Fugro takes full control of Seabed Geosolutions
Offshore service provider Fugro has entered into an agreement to take CGG’s 40% shareholding in Seabed Geosolutions. The agreement will…
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Conventional reefer ships primed for scrapping
The specialised reefer fleet is set for a swathe of scrapping as the global sulphur cap kicks in and more…
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Value Investor’s Edge: Top stock picks for 2020
As 2019 comes to a close, J Mintzmyer, the founder of Value Investor’s Edge, is totting up the numbers in…
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Evergreen orders feeder boxship quartet at Hyundai Mipo
Taiwanese line Evergreen has placed an order at South Korea’s Hyundai Mipo Dockyard (HMD) for the construction of four 1,800…
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Malaysian authorities detain two ships for alleged illegal oil transfer
The Malaysia Maritime Enforcement Agency (MMEA) has announced the detention of two vessels for illegal oil transfer operations around the…
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China Ocean Industry’s Huakai Heavy goes bankrupt
China Ocean Industry has announced that a local court in Jiangsu has declared the bankruptcy of its subsidiary, Nantong Huakai…
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MISC plans dual fuel fleet transformation
Malaysian energy shipping firm MISC is planning to cut shipping emissions by aiming to run half of its fleet with…
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Diamond S Shipping seals new $525m credit facility
New York-listed Diamond S Shipping (DSS) has closed a five-year $525m credit facility, funds which will be used to repay…
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Cosco confirms LNG-powered VLCC upgrade contract with DSIC
Cosco Shipping Energy Transportation has officially signed a supplemental agreement with Dalian Shipbuilding Industry to upgrade a VLCC to LNG…
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CDB Leasing acquires LNG carrier from CMB Leasing
CDB Leasing, the financial leasing arm of China Development Bank, has entered into an agreement with CMB International Leasing, a…
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Songa boxship grounding shuts Bosphorus strait
A containership owned by Arne Blystad’s Songa Container ran aground on Friday, leading to the suspension of shipping through the…
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Diana Shipping offloads another panamax bulker
Greek dry bulk owner Diana Shipping has sealed an agreement to sell 2005-built panamax bulker for $7.275m. The vessel, which…
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Start small to support seafarer mental health
Wendy Harvey and Mark Featherstone from Svitzer UK have some useful advice on developing mental health provisions. Mental health is…
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Magseis Fairfield awarded two seismic projects in Gulf of Mexico
Norwegian offshore survey service provider Magseis Fairfield has been awarded two consecutive deepwater ocean bottom node (OBN) projects in the…
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OSG takes full control of Alaska Tankers
Overseas Shipholding Group (OSG) has entered into agreements with BP Oil Shipping Company USA and BP AMI Leasing to purchase…
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CGR Arctic Marine forms LNG bunkering venture with Wuzhou Shipbuilding
CGR Arctic Marine, a unit of David Wu’s Landmark Holdings, has entered into an agreement with Chinese shipyard Wuzhou Shipbuilding…
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This decade’s shipping fortunes on a par with the 1990s
If you thought this had been a tough 10 years for shipping, spare a thought for those who worked in…
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French banks take over Bourbon
A court in Marseille has ruled that a group of French banks will take over the assets of the once…
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NYK and MOL enter LNG-powered coal carriers agreement with Kyushu Electric Power
Japan’s Kyushu Electric Power has entered into long-term transport agreements to deploy LNG-fueled coal carriers with domestic shipping groups NYK…
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