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Americas
GasLog Partners aims to raise $54m in public offering
GasLog Partners is to sell 2.75m of its common units in a public offering at a price of $19.50 per…
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Americas
DryShips to reverse split its stock after Nasdaq warning, CFO resigns
DryShips has decided to undertake a four-for-one reverse split of its shares after receiving a written notification from the Nasdaq…
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Dry Cargo
Thornico launches bulk carrier business
Thornico has launched Thorco Bulk, a new “asset-light” venture that will operate handysize and supramax bulk carriers from today onwards.…
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Asia
SBI Offshore terminates joint venture with Gräss
SBI Offshore has cancelled its plans to form a joint venture (JV) in solar power with Gräss Group. In August…
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Asia
Petrofac not implicated in Unaoil corruption scandal, investigators confirm
An independent investigation has confirmed that no bribes were ever paid by Petrofac to Unaoil, the Monaco-based oil trader raided…
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Europe
Capital Product Partners fixes two tankers to its sponsor
Capital Product Partners (CPP) has fixed two tankers to its sponsor company Capital Maritime & Trading Corp. The LR3 tanker Miltiadis M…
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Asia
Global Shipper Forum plans to stop shipping surcharges within five years
Members of the Global Shipper Forum (GSF) aim to stop container shipping surcharges within five years and plan to take action…
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Asia
Otto Marine commences arbitration against shipbuilder
Otto Offshore, part of Singapore’s Otto Marine, has filed an arbitration claim at the Singapore International Arbitration Centre (SIAC) against an…
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Asia
Swiber liquidation rattles Pacific Radiance, Vallianz shareholder unfazed
Singapore’s Pacific Radiance has revealed a $10.1m exposure to Swiber Holdings, which went into liquidation this week. Pacific Radiance told…
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Europe
DOF Subsea wins support contract for Shell’s Prelude project
Shell Australia has awarded DOF Subsea with a five-year contract to provide a full-time underwater services and a multi-purpose supply…
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Asia
Spot rates for crude tankers nearing two-year lows
The rout in VLCC and suezmax markets continued again today, with spot rates in both segments nearing the lowest levels…
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Europe
Damen unveils specialised decommissioning vessel concept
Damen Shipyards has unveiled a new concept design for a new series of vessel for decommissioning oil and gas projects.…
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Asia
Diana capesize fixed on period charter
Another day, another capesize period fixture – today, Diana shipping is reported to have fixed one of its capes to…
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Europe
Bibby Offshore wins North Sea inspection and construction contract
Bibby Offshore has won a contract from an unnamed independent UK-based exploration and production (E&P) company to provide air diving…
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Asia
Another Alcyon capesize fixed on period charter
Greece’s Alcyon has fixed a second capesize bulk carrier on period charter in the space of two days, this time…
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Asia
Swiber group founder resigns ‘due to health reasons’
Raymond Kim Goh has resigned from his position as Vallianz Holdings’ chairman and executive director with immediate effect due to…
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Asia
Shipyard order sparks political debate in Malaysia
TH Heavy Engineering Berhad (THHE) has been awarded a RM740m ($181.3m) government contract to build three offshore patrol vessels (OPV)…
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Dry Cargo
Benita still in trouble as towage proves difficult
The bulk carrier Benita, which is grounded off the south of Mauritius, is at risk of sinking as towage of the holed…
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Asia
Technip wins subsea contract with Woodside in Western Australia
Australian oil and gas producer Woodside has awarded Technip with the contract for development of its Greater Enfield Project in…
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Asia
Louis Dreyfus takes capesize on timecharter as rates fall
Commodities giant Louis Dreyfus has fixed a capesize owned by Greece’s Alcyon on a four- to seven-month timecharter that shows…
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