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Europe
APM Terminals sells stake in Italy facility to Chinese partners
Cosco Shipping Ports and Qingdao Port International Development (Hong Kong) have purchased minority stake in a joint venture led by…
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Europe
Polarcus and TGS team up on new 3D survey projects
Dubai’s Polarcus and TGS-NOPEC Geophysical Company have signed a memorandum of understanding (MoU) through which they will jointly develop certain…
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Offshore
Havila sells a PSV to a fish farm
Norway’s Havila Shipping has sold its platform support vessel (PSV) to Faroe Islands-based salmon farmer P/F Bakkafrost for an undisclosed price.…
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Americas
Golar greenlights Brazil power project and 25-year FSRU deal
Golar Power has reached its final investment decision (FID) for the power generation project at the $1.3bn Porto de Sergipe Project…
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Europe
Frontline cancels four VLCC contracts
Frontline has cancelled four VLCC newbuildings it had on order at South Korea’s STX Offshore & Shipbuilding. The NYSE-listed tanker company…
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Europe
Euronav delays VLCC deliveries
Euronav has delayed delivery of two VLCCs it has on order at Hyundai Heavy Industries (HHI) by around three months until…
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Asia
Marco Polo noteholders approve debt restructuring
Marco Polo Marine’s noteholders have voted to approve a restructuring S50m ($36m) of the Singapore-listed company’s debt, which will give…
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Asia
HMM will become South Korea’s ‘flagship’ line
After leaving Hanjin to flounder, the South Korean government is to develop Hyundai Merchant Marine (HMM) as the country’s ‘flagship’ shipping…
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Asia
Audio recordings from ‘Death Ship’ were deleted, court told
Audio recordings are likely to have have deleted deliberately from the voyage data recorder (VDR) onboard a ship on which three…
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Americas
Georgiopoulos resigns from Genco
Peter Georgiopoulos (pictured) has today resigned as chairman and a director of NYSE-listed Genco Shipping & Trading Limited. No reason…
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Europe
CGG terminates charter of Eidesvik survey vessel
Geoscience company CGG has agreed to terminate its charter of a seismic survey vessel owned by Norway’s Eidesvik Offshore. The contract…
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Europe
Seafarers receive counselling after pilot dies
Crew have received support from seafarers’ charity Apostleship of the Sea (AoS) after a Port of London pilot died while…
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Asia
Perisai Petroleum says it is insolvent
Malaysian oil and gas company Perisai Petroleum Teknologi has declared itself insolvent and has been classified as a Practice Note 17…
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Europe
CGG wins offshore survey work in Mozambique
Geoscience company CGG has won a multi-client contract from the Instituto Nacional de Petroleo (INP) to acquire seismic data in…
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Asia
Idle containership fleet swells with redelivered Hanjin vessels
Bankrupt Hanjin Shipping has redelivered the majority of its chartered-in vessels with more to follow, which is swelling the global…
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Asia
Viken orders four tankers at Samsung Heavy
Norway’s Viken has ordered four oil tankers at Samsung Heavy Industries in South Korea in a deal worth KRW 240bn…
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Asia
Rio Tinto-chartered ship arrested for not paying crew
A bulk carrier under charter to a Rio Tinto subsidiary has been arrested in Australia after inspectors found close to…
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Europe
EMGS to cut its work force again
Electromagnetic Geoservices (EMGS) plans to further reduce its workforce in order to reduce wage expenses, but has not yet revealed…
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Asia
VLCC spot rates aim for the sky
VLCC spot rates are currently at the highest levels seen since mid-June and today continued their upward trend. Rates are…
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Europe
Anchor handlers win work repositioning Transocean platform
Three anchor handling supply (AHTS) vessels have won spot employment from ConocoPhillips UK in repositioning a platform owned by Transocean,…
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