-
Europe
Boa Offshore continues bond buy-back scheme
Oslo-listed Boa Offshore has launched its offer to spend up to NOK 79.6m ($9.53m) in repurchasing more of the remaining BOAO03 PRO…
Read More » -
Americas
NewLead acquires Kritsas fleet, vessels arrested and sold at auction
NewLead Holdings has revealed it took over Greece’s Kritsas Shipping in March, but one of the owner’s former vessels has…
Read More » -
Asia
Diana and Great Eastern panamaxes fixed on timecharter
Panamax bulk carriers owned by Greece’s Diana Shipping and India’s Great Eastern Shipping have been reported fixed on short-term timecharters.…
Read More » -
Americas
Hercules Offshore files for bankruptcy again
Hercules Offshore has scrapped its old Chapter 11 plan and will file a new one as part of a restructuring…
Read More » -
Americas
Eagle Bulk raises cash to charter in new vessels
Eagle Bulk has agreed to issue a private placement of its securities to raise around $6.3m, which it says will…
Read More » -
Asia
Mermaid Maritime delays jack-up rig and vessel deliveries
Thailand’s Mermaid Maritime delayed delivery of two tender rig newbuildings and a DP2 subsea dive support and construction vessel from…
Read More » -
Asia
MAN Diesel & Turbo warns of faulty accumulator parts
MAN Diesel & Turbo has issued product safety warnings about faulty Total Solutions & Power (TSP) accumulators with the 10L design, fitted…
Read More » -
Europe
Shipping will become like the airline industry, says DNB Bank
Consolidation, corporatisation and the squeezing out of smaller family-run companies will cause shipping to become more like the airline industry within…
Read More » -
Europe
Bibby Offshore to provide subsea construction services for Apache
Bibby Offshore is to provide subsea construction, remotely operated vehicle (ROV) and diving services to Apache North Sea, in a project that…
Read More » -
Americas
NewLead CEO admits deleting emails but no judgment yet
Michael Zolotas, CEO of NewLead Holdings, has admitted deleting the “missing” emails pertaining to the ongoing dispute between his company…
Read More » -
Americas
TGS and PGS win multi-client survey contract in offshore Canada
TGS-NOPEC Geophysical Company (TGS) and Petroleum Geo-Services (PGS) are to collect 3D seismic data from a 2,000-km² area in offshore eastern…
Read More » -
Asia
North Koreans employed in ‘forced’ labour at two major Polish shipyards
An investigation by Vice has shone light on the employment of North Korean workers in “forced labour” conditions at the…
Read More » -
Americas
Safe Bulkers amends loan covenant for 30% of its debt
Safe Bulkers has amended the repayment profile of around 30% of its debt by adjusting the terms of its loan…
Read More » -
Asia
BW Offshore launches $500m financing plan
BW Offshore has drawn up a plan that it expects to improve its liquidity by more than $500m by 2020.…
Read More » -
Asia
Indian prime minister visits Iran to sign Chabahar port agreement
Leaders from India, Iran and Afghanistan are due to meet in Tehran today to sign a trilateral agreement to develop Chabahar port…
Read More » -
Europe
Sevan Marine may sue Logitel and Teekay
Norway’s Sevan Marine says “potential breaches of Norwegian corporate law” have been highlighted during a review of agreements and a…
Read More » -
Europe
UK Chamber urges delay on apprenticeships levy
The UK Chamber of Shipping and Merchant Navy Training Board (MNTB) have backed the Confederation of British Industry’s (CBI) request…
Read More » -
Dry Cargo
Phaethon takes Diana panamax on timecharter
Phaethon International has fixed a panamax bulk carrier owned by Diana Shipping on timecharter for up to eight months at…
Read More » -
Europe
Skuld buys hull & machinery business
Norwegian marine insurer Skuld has signed a letter of intent to acquire SMA/Gerling Norway’s hull and machinery book, which underwrites around 6,000…
Read More » -
Middle East
‘Blocked’ Thenamaris tanker now loading oil in Libya again
An aframax owned by Thenamaris is reportedly loading a 600,000-bbl crude cargo for Glencore at Libya’s Al-Hariga port for export…
Read More »