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MSC forks out $50m to get cocaine bust ship trading again
July 16th, 20190 The is sailing towards the Netherlands after its operator forked out $50m to free the boxship a month after US authorities found $1.3bn of cocaine onboard. Mediterranean...
KMTC boxship struck by chemical blaze sent for demo
July 16th, 20190 Korea Maritime Transport Co (KMTC) has sold a 21-year-old feeder ship for scrap that was involved in a spectacular fire while calling at Laem Chabang port in Thailand on May...
Banchero Costa: 51 years as a broker
July 16th, 20190 Despite bigger companies, challenging market conditions, trade wars, newcomers on the ship financing market and digital disruption, there will always be a space in shipping...
Ridgebury Tankers splashes $82m on four suezmaxes from Koenig Cie
July 16th, 20190 Bob Burke-led Ridgebury Tankers is expanding its suezmax fleet with the acquisition of four 2005-built 159,000 dwt tankers from German owner Koenig Cie. Shipbroking...
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Northern Offshore and SinoGeo create jackup rig joint venture
Chinese offshore seismic service provider SinoGeo has announced a plan to... July 16th, 2019Seabed Geosolutions awarded West Africa survey
Seabed Geosolutions, a Fugro and CGG joint venture, has been awarded a 4D... July 16th, 2019Japan mulls changing its constitution in order to protect oil supplies through Hormuz
Japanese politicians spent Sunday debating whether the country’s... July 15th, 2019BHP makes huge LNG newcastlemax play
After almost two years of preparation, BHP’s Green Corridor joint... July 15th, 2019Danish fleet surpasses America’s into fifth spot
Danish shipping is celebrating another landmark as the Scandinavian... July 15th, 2019Japanese VLCC contract win highlights India’s weak tanker fleet
India’s limited VLCC fleet has been exposed with the latest chartering... July 15th, 2019Iranian VLCC at centre of diplomatic storm with the UK set to depart Gibraltar
Both the crew and the Iranian VLCC arrested in Gibraltar earlier this... July 15th, 2019Piraeus Bank to forge Asian ship finance partnership
Piraeus Bank, Greece’s largest lender by assets, is close to forming a... July 15th, 2019Spring Marine grows panamax bulker fleet to four
Greek owner Spring Marine has added a panamax bulker to its fleet,... July 15th, 2019Samos Steamship snaps up Nissen Kaiun capesize for $26.2m
Greek owner Samos Steamship has acquired 2011-built capesize bulker ... July 15th, 2019Soechi takes Eletson gas carrier
Greek tanker outfit Eletson Gas has sold its first ship in a year,... July 15th, 2019Feeder boxship brings down crane at Indonesian port
Feeder boxship defied its name yesterday, slamming into a pier and... July 15th, 2019Equinor and Korean companies form consortium for floating offshore wind project
Equinor, Korea National Oil Corporation (KNOC) and the Korean power... July 15th, 2019Italy debates tonnage tax changes
The Italian shipping industry is split today into two parts with... July 15th, 2019Port of Oakland president extends term
The board of Port of Oakland has re-elected Ces Butner as its president, a... July 15th, 2019Guiqin Shipping handy bulker to be auctioned by court
Xiamen Maritime Court has listed the 2011-built 32,900 dwt handymax bulker... July 15th, 2019