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Europe
Interorient Marine Services fined for illegally dumping waste
Cyprus-based ship manager Interorient Marine Services has been fined $2m by a US district Court in Like Charles after the…
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Greater China
Zhejiang Seaport Group buys into Shanghai container terminal operator
Zhejiang Seaport Group, the integrated operating platform of seaports in Zhejiang, has signed a strategic agreement with Shanghai International Port…
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Greater China
Wan Hai gives up options on four boxships
Taiwanese shipping line Wan Hai Lines has announced that it has decided not to exercise options to construct four additional…
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Europe
Two dead after tanker hit by fire at Bangladesh shipbreaking yard
A fire broke out onboard an oil tanker beached at the Shagorika Ship Breaking Yard in Bangladesh, resulting in the…
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Asia
Gas4Sea partners sign LNG bunkering deal with Equinor
Marine LNG Zeebrugge, a joint venture of Gas4Sea partners Engie, Mitsubishi Corporation and NYK, has signed an agreement with the…
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Americas
McDermott awarded major contracts in Malaysia
US offshore engineering firm McDermott International has secured two major contracts in Malaysia, one from Sarawak Shell and the other…
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Europe
Transocean upgrades five semi-submersible rigs
Offshore driller Transocean has announced that it has entered into an agreement with its customer, Equinor, to license and install…
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Greater China
China extends import restrictions on Australian coal
Adding to dry bulk’s woes, China is believed to have imposed import restrictions for Australian coal to a number of…
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Americas
Vale temporarily shuts down Malaysia distribution centre after fire
A fire broke out at one transfer house at Brazilian miner Vale’s distribution centre in Malaysia on Friday, resulting in…
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Greater China
CSC Phoenix parent goes into liquidation
Chinese dry bulk operator CSC Phoenix has announced that Tianjin Intermediate People’s Court has accepted its controlling shareholder Tianjin Shunhang…
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Europe
TEN confirms suezmax order for long-term charters
Nikolas Tsakos led TEN has entered into contract for the construction of two suezmax tankers, which upon delivery will enter…
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Asia
Yinson wins $578m FPSO contract from JX Nippon
Malaysian FPSO operator has received a letter of award from JX Nippon to provide operation and maintenance services for an…
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Greater China
Cosco ordering 16 newcastlemaxes for bauxite shipping project with Chalco
Chinese state-run shipping giant Cosco is ordering up to 30 newcastlemax bulk carriers at domestic yards to support its long-term…
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Europe
Oldendorff orders bulker pair at CSSC Chengxi
German dry bulk shipping operator Oldendorff has placed an order at CSSC Chengxi Shipyard for the construction of two 21,500…
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Contributions
Are VLCCs set to be 2019’s star performer?
The start of 2019 kicked off with a flurry of very optimistic analyst reports on the prospects for VLCCs. After…
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Containers
Weekly Broker: Dry bulk market spooked into inaction
The Chinese New Year holidays together with the already negative sentiment prevailing across the market resulted in further pressure for…
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Greater China
Shandong Shipping sets up bulker joint venture with ICBC Leasing
Chinese state-run shipping major Shandong Shipping has announced plans to set up a joint venture with ICIL Maritime Leasing, a…
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Americas
HJH CSL jv exercises bulker option at CSSC Chengxi
A joint venture by Canada’s CSL group and German Hartmann family’s HJH Shipmanagement has exercised an option with CSSC Chengxi…
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Europe
Boskalis clinches major subsea cable contract
Dutch offshore service provider Royal Boskalis has secured a major contract for the replacement and repair of a part of…
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Europe
Schulte Group takes over IRM technology firm
Germany’s Schulte Group has acquired a majority stake in TecHullClean Limited (THC), an underwater inspection, repair and maintenance (IRM) technology company headquartered…
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