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Dry Cargo
The Broker Badger: penny-pinching in the S&P market
It’s August so, generally speaking, shipping markets are pretty dead right now. “Everybody’s on bloody holiday,” one beleagured broker (who…
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Asia
Tanjung Offshore sues former managing director
Malaysia’s Tanjung Offshore has filed a property-related suit in the High Court of Kuala Lumpur against four defendants, among them…
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Europe
Kongsberg Maritime sheds another 100 jobs
Kongsberg Maritime has said it will lose another 100 permanent employees, which will bring the total number of people made…
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Asia
Hanjin Transportation may buy Hanjin Shipping’s Long Beach terminal
Hanjin Shipping may sell its container terminal at the Port of Long Beach in California to parcel delivery firm Hanjin…
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Containers
Euroseas greenlights share offering, buys small boxship
Euroseas’ board has authorised an at-the-market (ATM) offering of up to 15% or around 1.22m of its 8.1m outstanding shares,…
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Americas
Knot Offshore Partners gets $15m loan extension
A new $15m revolving credit facility has been added to KNOT Offshore Partners’ original $240m senior syndicated secured loan facility,…
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Asia
Navios Partners sells boxship, renegotiates HMM charters
Navios Partners has agreed to sell its containership (13,102 dwt, built 2011) to an unnamed third party for a net…
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Europe
Wilhelmsen sells Callenberg Technology
Wilhelmsen Maritime Services (WMS) has agreed to sell its subsidiary Callenberg Technology to Trident Maritime Systems for a net price…
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Europe
Reach Subsea vessels win new North Sea contracts
Norwegian subsea operator Reach Subsea has entered into short- and medium-term contracts withĀ different “international” clients for two of its offshore…
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Asia
Russia shipyard hopes to drum up more business from Azerbaijan
Meetings have been held in Baku this week to entice Azerbaijan to build more vessels at the Red Sormovo shipyard…
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Europe
Alafouzos probed by Greek financial crime prosecutor
Greek businessman and shipowner Giannis Alafouzos has had his assets frozen by the Greek financial crime prosecutor, which is investigating…
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Asia
Maersk Line quits 10 ports in China
Maersk Line will cease services to and from 10 Chinese ports in what is thought to be an effort to…
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Americas
CMA CGM extends charters of Global Ship Lease boxships
Two small containerships owned by Global Ship Lease (GSL) have had their charters to CMA CGM extended by up to…
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Europe
Winds likely to delay salvage of Transocean rig
Experts says high winds are likely to prevent the swift salvage of the , the drilling rig that ran aground…
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Europe
Vessel capsizes in Valetta harbour after allision with K Line ship
A fish farm vessel capsized in Grand Harbor in Valetta, Malta after being hit by a K Line heavy-lift vessel,…
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Europe
DOF repurchases bonds, fixes vessels
Oslo-listed DOF has completed the issue of new equity and a bond loan, which represent the first steps of its…
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Dry Cargo
NewLead bulker sold at auction
NewLead Holdings’ disputed bulk carrierĀ has been sold at action in the US for $7.4m to Singapore’s MT Maritime Management.…
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Asia
Russia invites China to invest in its shipyards
Russia has invited China to invest in shipbuilding facilities in the Far East of the country, reports say. “We are…
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Asia
DSME’s 2015 loss was bigger than it reported, investigation finds
Financial authorities in South Korea have found that the operating loss posted by Daewoo Shipbuilding & Marine Engineering (DSME) in…
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Americas
Paragon Offshore gets agreement in principle for revised restructuring plan
Bankrupt Paragon Offshore’s revised restructuring plan has been agreed in principle with its bondholders and banks, which removes the first…
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