Sector
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Weekly Bunker: HSFO slumps
Even when everyone knows something is going to happen, it’s still fascinating to watch it come true. HSFO demand is…
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Nam Cheong to expand offshore facility in Labuan
Malaysian offshore marine group Nam Cheong has signed an MOU to enter into a lease agreement with Labuan Corporation, an…
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2020 Bulkers newcastlemax charters with Koch extended
Tor Olav Trøim’s 2020 Bulkers has announced that it has sealed extended charter contracts with Koch Supply and Trading for…
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Engine power limitation proposals suffer setback at IMO
In another tortuous week on shipping’s decarbonisation path at the headquarters of the International Maritime Organization (IMO) one key takeaway…
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Seaspan approaches 1m teu capacity with acquisition of six boxships
Canadian containership operator Seaspan Corporation has announced the acquisition of a fleet of six containerships for a total price of…
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ITF’s Merk renews block exemption debate
At the annual conference of the Confetra logistics association held this week in Rome, Olaf Merk, project manager for ports…
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Beijing outlines future port development
Several Chinese central government authorities led by Ministry of Transport have released a guideline to promote the development of the…
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French prime minister opens CEVA’s new Marseille headquarters
CEVA Logistics has moved to Marseille, the home of new parent CMA CGM. The logistics firm’s new global headquarters were…
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LR creates new business advisory with Seabury Maritime
The classification sector shows no signs of slowing its diversification drive as ship orders dry up. Britain’s Lloyd’s Register is…
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Epic Gas acquires Japanese LPG carrier
Singapore-based LPG carrier operator Epic Gas has announced the acquisition of 2015-built 11,000 cu m LPG carrier . The Sasaki-built…
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Ulstein introduces hydrogen-powered CSV design
Norway’s Ulstein Group has introduced a hydrogen-powered construction support ship design which it claims to be market-ready now. The company…
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Swire Pacific Offshore closing Swire Seabed
Singapore headquartered Swire Pacific Offshore says that it will be closing Swire Seabed AS and its three associated companies at…
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Saipem awarded contracts worth $880m as rumours of Subsea 7 combination emerge
Italy’s Saipem has been awarded a subsea contract by ExxonMobil’s Esso Exploration and Production Guyana for the proposed Payara development…
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SK Gas, Korean National Oil and MOL team up on Ulsan chemical terminal development
SK Gas, Korea National Oil Corporation and MOL Chemical Tankers have entered into an agreement to jointly develop a chemical…
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ADNOC plans to acquire ‘dozens’ of rigs as part of expansion programme
ADNOC Drilling, part of Abu Dhabi National Oil Company (ADNOC), has announced a major rig fleet expansion program to support…
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Gulf Island Fabrication appoints new CEO
Nasdaq-listed Gulf Island Fabrication has appointed Richard Heo as its new president and chief executive officer, replacing Kirk Meche who…
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Diana Shipping seals new kamsarmax charter with Cargill at reduced rate
Greek dry bulk owner Diana Shipping has signed a time charter contract with Cargill International for its 2010-built kamsarmax bulker…
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We need a rebellion against bio-fouling extinction
Tor Østervold, CEO of ECOsubsea, believes we’ve had our sights set on the wrong target when it comes to tackling…
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Sinopec readies grand low sulphur plans
Sinopec is pushing ahead with plans to become a dominant supplier of very low sulphur fuel oil with Reuters reporting…
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Winning Shipping celebrates huge Guinean iron ore deal
Winning Shipping is among the companies to have won a bid to mine one of the world’s biggest deposits of…
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