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Middle East
National Drilling Company of Abu Dhabi extends and adds rig options
National Drilling Company of Abu Dhabi (NDC) has agreed with its yard Lamprell to extend its existing options on jack-up…
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Europe
Polarcus shares to trade ex-reverse split from tomorrow
Oslo-listed Polarcus Limited has turned around its reverse stock split in double-quick timing, and its shares will begin trading on…
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Europe
Aurora LPG contemplates bond issue
Oslo-listed Aurora LPG says it is considering the issue of up to NOK 200m ($23m) in new senior unsecured bonds…
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Europe
Prosafe may defer delivery of new accommodation vessel
Prosafe and Singapore-based Jurong Shipyard have agreed to a flexible delivery of Prosafe’s latest accommodation vessel , which the client…
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Dry Cargo
Scorpio Bulkers sells capesize sextet to Zodiac Maritime at $110m loss
Eyal Ofer’s Zodiac Maritime is said to be the buyer of six capesize bulk carriers sold by Scorpio Bulkers for…
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Asia
India launches indirect tax breaks for shipbuilding
India’s shipbuilding industry will receive indirect tax cuts from the government, which will also extend to vessels bound for export.…
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Environment
Gothia alliance orders four dual-fuel product tankers
Sweden’s Gothia Tanker Alliance has ordered four dual-fuel intermediate product/chemical tankers with LNG propulsion from Avic Dingheng Shipbuilding in China.…
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Containers
Evergreen orders another 10 small boxships
Taiwan-based container line Evergreen Marine has ordered 10 more 2,800-teu containerships for $36m-39m per vessel or up to $390m in…
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Asia
Singapore extends competition exemptions for liner shipping agreements
Singapore’s Ministry of Trade and Industry (MTI) is to extend the block exemption order (BEO) for liner shipping agreements (LSAs)…
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Asia
Petronas Gas awards contract for new export terminal scraper station
Petronas Gas has issued a letter of award to Barakah Offshore Petroleum’s subsidiary PBJV Group for the engineering, procurement, construction…
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Europe
SeaEnergy exits shipmanagement
SeaEnergy says it will exit shipmanagement in order to focus more on its core business, and has issued a profit…
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Dry Cargo
Golden Ocean swaps capesizes for suezmax tankers
Golden Ocean has agreed to swap two capesize newbuilding contracts for two suezmax contracts, which it will sell to fellow…
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Europe
Concordia Maritime and Stena Weco charter in MR product tanker
Concordia Maritime and Stena Weco have jointly chartered in an MR product tanker for two years, plus an optional extension…
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Europe
Cargo ship rescued after losing power off Orkney Islands
A palletised cargo ship that lost power while underway off the Orkney Islands is under tow to port, where it…
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Asia
Icon Offshore charters PSV for work in offshore Borneo
Borneo Seaoffshore has today signed a letter of award worth RM 51m ($12m) to charter a deepwater platform supply vessel from…
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Asia
Marco Polo starts legal proceedings against PPL Shipyard over cracked rig
Marco Polo (MP) Drilling has initiated legal proceedings against PPL Shipyard, which has declined to give its client a refund…
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Europe
Strikes to stall container terminals at Rotterdam Port
Strikes will be held at three major container terminals at the port of Rotterdam, after the FNV Havens union voted…
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Americas
NewLead CEO accused of withholding documents, plaintiff calls for his deposition
NewLead’s CEO Michael Zolotas has been accused of withholding documents and must produce his hard drive as evidence, according to…
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Europe
Cerberus Capital raises its stake in Team Tankers to over 10%
Cerberus Capital Management has increased its stake in Oslo-listed Team Tankers by a further 1.411% to just over 10% in…
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Americas
Navios counters weak market with share repurchase programme, suspends dividend
NYSE-listed Navios Maritime Holdings says it will commence a share repurchase programme and will suspend its dividend payment in order…
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