Sector
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Ethane and LPG carriers get the supersize treatment at Gastech
Ethane and LPG carriers are getting the supersize treatment at Gastech, the world’s largest gas exhibition, taking place this week…
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Bahri confirms VLCC order at International Maritime Industries
Saudi Arabian owner Bahri has officially signed shipbuilding contracts with International Maritime Industries (IMI) for the construction of one 319,000…
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Hamburg Süd debuts online box booking system
Hamburg Süd, bought by Maersk Line a couple of years ago, has followed its parent in offering a new online…
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MPC and Zeaborn join forces via revamped Harper Petersen brand
Hamburg-based MPC Capital and Bremen-based shipping company Zeaborn are joining forces in commercial shipmanagement. The two German firms are merging…
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Pelita Samudera Shipping snaps up handysize bulker from IMC
Indonesian coal shipping and logistics company Pelita Samudera Shipping (PSS) has grown its fleet to a total of six bulkers…
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Yinson suffers FPSO cancellation in Vietnam
Malaysian FPSO operator Yinson Holdings has announced that its joint venture company PTSC Ca Rong Do has suffered a termination…
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Qingdao McDermott Wuchuan secures Arctic LNG fabrication contract
Houston-based McDermott International has announced that its joint venture Qingdao McDermott Wuchuan Offshore Engineering (QMW) has been awarded a major…
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Oman Shipping secures $110m financing for five vessels
Oman Shipping, part of Asyad Group, has entered into a new $110m financing deal with Standard Chartered to refinance three…
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Nanye Group continues to increase stake in CSC Phoenix
Shaanxi-based coal trader Nanye Group has further increased its shareholding in domestic dry bulk shipping operator CSC Phoenix. Nanye Group…
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Maritime subsidies are wasting taxpayers’ money: OECD
Growing state-funded maritime subsidies are wasting taxpayers’ money and need a complete overhaul, a new study from part of the…
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Maersk Tankers takes seven MR tankers from AET
Denmark’s Maersk Tankers has acquired seven 38,000 dwt STX-built MR1 tankers from Malaysian-owned AET in an en bloc deal, according…
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VLCC rates leap in wake of Saudi attacks
VLCC rates from the Arabian Gulf and West Africa to Asia leapt more than 10% yesterday and are continiuing to…
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Gulf disruption solidifies structural tanker market shift
J Mintzmyer from Value Investor’s Edge gives his take on the Saudi attacks and the tanker trades. This simply accelerates…
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Exmar and Anglo-Eastern form third-party LNG vessel management joint venture
Belgian shipping giants Peter Cremers and Nicolas Saverys have found a new way to work together. Cremers’ Anglo-Eastern Univan Group…
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Maritime technology discovery platform launched
British maritime innovation consultancy Thetius, led by occasional Splash contributor Nick Chubb, has launched an innovation intelligence platform. Thetius Insight…
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First modern cape sold this year
One of the top stories percolating through this week’s broker reports is the sale of two young capes. Nine months…
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IUMI delegates address myriad industry concerns
Delegates attending the annual gathering of the International Union of Marine Insurance (IUMI) in Toronto have been told their industry…
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Norwegian competition authority opposes Floatel and Prosafe merger
The proposed merger deal between offshore accommodation platform operators Floatel and Prosafe is facing a regulatory hurdles from both Norwegian…
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BP awards construction contracts for ACE project off Azerbaijan
BP, the operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development, has awarded several key contracts for the Azeri-Central-East (ACE) project.…
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BULL charges for two more aframaxes
Five month after announcing it was raising $84m for new ships, 20-ship strong Indonesian tanker owner Buana Lintas Lautan (BULL)…
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