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Asia
Petronas and SapuraKencana terminate Vietnam oilfield sale
SapuraKencana has terminated its plans to buy three blocks in offshore southern Vietnam for $400m from Petronas by mutual agreement…
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Europe
Limassol port tender will assess 14 bids
Fourteen offers have been received in a tender for the commercialisation of Cyprus’ Limassol Port. Six offers were received for…
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Dry Cargo
Safe Bulkers refinances three vessels
NYSE-listed Safe Bulkers has refinanced three of its existing credit facilities with a new $75.3m term loan from the Royal…
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Dry Cargo
Star Bulk confirms sale of capesize newbuilding
Star Bulk has confirmed the sale of a capesize bulk carrier being built in Japan for $37m, but did not…
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Dry Cargo
Diana fixes newcastlemax bulk carrier
Diana Shipping has fixed its Newcastlemax bulker to Germany’s RWE Supply & Trading on an 11- to 14-month timecharter at…
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Europe
DP World joins forces with Russia
Global container terminal operator DP World has launched a joint venture with the Russian Direct Investment Fund (RDIF) that will…
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Europe
Aurora LPG gets $200m loan for VLGC newbuildings
Aurora LPG has secured a $200m loan from ABN AMRO Bank and Korea Eximbank that will go towards construction costs…
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Asia
Capesizes give a glimmer of hope amid depressing dry market
The Baltic Capesize Index (BCI) advanced by 1 point to 186 today as iron ore chartering activity stirred, ending the…
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Containers
Ma Zehua resigns as chairman of China Cosco
Ma Zehua has resigned from his positions as the chairman of the board and non-executive director of China Cosco, effective…
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Europe
Shell to shed 10,000 jobs and assets worldwide
Royal Dutch Shell plans to make a total of 10,000 staff and direct contractors redundant as it continues its efforts…
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Asia
Indonesian logistics firm plans to enter port infrastructure business
Indonesian logistics PT Humpuss Intermoda Transportasi plans to enter the port construction and infrastructure business. The company is to provide…
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Europe
Greece braces itself for 48-hour port strike
A 48-hour strike will halt operations at major Greek ports on Wednesday as the Seamen’s Union in Greece protests planned…
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Dry Cargo
Eagle Bulk holds off its lenders after missed repayment
Eagle Bulk Shipping has signed a forbearance and standstill agreement with its lenders that will hold off any action after…
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Africa
Swiber buys stake in Nigerian offshore engineering company
Swiber Offshore Construction has bought a 38% stake in Nigeria’s Deltatek Offshore, which will see the offshore engineering provider become…
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Dry Cargo
Safe Bulkers post-panamax gets 30-month timecharter
A post-panamax bulk carrier owned by Safe Bulkers has been fixed to an unnamed counterparty on a 30-month timecharter at…
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Asia
Sembcorp Industries may buy back Sembcorp Marine to save it
Singapore’s Sembcorp Industries may inject funds into Sembcorp Marine or buy back the remaining 39% stake it does not already…
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Asia
Capesize values hit lowest level since 1992
The market value of a five-year-old capesize vessel has hit its lowest level in over 24 years, according to data…
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Asia
Prosafe gets $30m credit on final accommodation rig payment
Jurong Shipyard has given Prosafe $30m in seller’s credit on the final payment for its accommodation rig , which is…
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Europe
Bibby orders first Damen service operations vessel
Bibby Marine Services has ordered a service operations vessel (SOV) from Damen Shipyards, which the yard says is “the first…
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Dry Cargo
Norden swaps a capesize for a supramax with Bocimar
Denmark’s Norden has sold its last capesize bulk carrier to Bocimar for an undisclosed price, and has purchased a 2010-built…
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