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Greater China
Former Sinopacific boss Simon Liang arrested in Myanmar
Simon Liang Xiaolei, former president and CEO of China’s bankrupt Sinopacific Shipbuilding, has been arrested in Yangon airport, Myanmar, accused…
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Containers
Weekly Broker: Deals off as dry bulk suffers multiple blows
The ongoing “bloodbath”, as one owner told Splash today, in the dry bulk freight markets has unsurprisingly seen investors yank…
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Europe
Evalend Shipping orders VLCC trio at Hyundai Heavy Industries
South Korean shipbuilder Hyundai Heavy Industries has announced that it has secured a $286m contract from a European owner for…
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Europe
Capital Liberty Invest makes first ship acquisitions
Capital Liberty Invest, the joint venture between Evangelos Marinakis’ Capital Ship Management and Dietrich Schulz-led Liberty One, has acquired its first two…
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Americas
Rowan awarded jackup contract by Lundin
Rowan Companies has announced that its jackup rig has been awarded a seven-well program by Lundin Norway. The contract is…
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Europe
Liquefied hydrogen bunker ship design revealed
Norwegian ship design firm Moss Maritime, in cooperation with Equinor, Wilhelmsen and DNV GL, has introduced a design for a…
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Asia
EA Technique settles FSO contract dispute with Amaniaga Resources
Malaysian owner EA Technique has withdrawn its arbitration proceedings against offshore service provider Amaniaga Resources after the two parties reached…
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Europe
Odfjell Drilling secures drilling platform extension from BP
Norwegian offshore driller Odfjell Drilling has secured an extension from BP for its drilling services on the UK continental shelf…
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Greater China
CSSC celebrates up to 40 newbuilding orders
Chinese shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) held a ceremony in Beijing yesterday, celebrating the signing of up to…
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Greater China
Two dead from explosion on Cido tanker in Turkish repair yard
An explosion onboard aframax tanker , under repair at Turkey’s Tuzla Shipyard, has killed two workers and injured another 10…
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Americas
Green Shipping Line partners with Kongstein in offshore wind
US company Green Shipping Line has signed a memorandum of understanding with Norwegian marine services provider Kongstein to provide a…
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Greater China
Yang Ming takes options on four 11,000 teu boxships, eyes an additional four
Taiwanese line Yang Ming Marine Transport has excised an option with Japanese owner Shoei Kisen Kaisha for the charter of…
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Europe
Siem Offshore sells three PSVs
Norwegian OSV operator Siem Offshore has entered into an agreement to sell three of its platform supply vessels, the 2005-built…
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Greater China
SUMEC gives up on unfinished LEG vessel
SUMEC Group, a state-run machinery manufacturer in Jiangsu, has announced its decision not to continue the construction of an unfinished…
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Greater China
Cosco raises $1.1bn via private offering
China Cosco Shipping Holdings has announced that it has completed a private offering to nine specific investors and raised a…
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Greater China
Shanghai Bestway on verge of bankruptcy
Shanghai-based ship design and shipbuilding firm Bestway Marine & Energy Technology is in deep financial trouble with lawsuits against the…
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Greater China
Weihai Port president and CFO arrested for corruption
Weihai Port’s president Che Luming and CFO Zou Hongwei have been arrested by authorities for corrupt activities, Weihai Discipline Inspection…
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Greater China
Shining International Shipping selling off fleet
Chinese bulker owner Shining International Shipping is selling its fleet of two handysize bulkers. According to shipbroking sources, the company…
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Operations
Gasoil super contango predicted
The uncertain outlook for the gasoil market ahead of IMO’s 2020 sulphur cap forms the main research in the latest…
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Greater China
Cosco buys into Peruvian port
Cosco Shipping Ports, the port operating unit of China Cosco Shipping Group, has entered into an agreement to invest $225m…
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