-
Dry Cargo
Weekly Broker: Lighter Posidonia hangover a sign of the bargains on offer
The normal Posidonia hangover in the S&P markets has not been as keenly felt this year, a likely sign that…
Read More » -
Europe
OHT orders up to four heavylift vessels at CMHI
Norwegian heavylift shipping specialist Offshore Heavy Transport (OHT) has signed a shipbuilding contract with China Merchants Heavy Industry (CMHI) for…
Read More » -
Operations
Animals Australia takes legal action over livestock exports
Animal rights group Animals Australia has launched legal action against the Australian federal government and livestock export company Emanuel Exports…
Read More » -
Europe
SAL Heavy Lift awarded transport contract by GeoSea
SAL Heavy Lift has been awarded a contract by GeoSea for the shipment of 49 transition pieces for the Horns…
Read More » -
Europe
DFDS orders another roro vessel at Jinling Shipyard
Danish shipping and logistics company DFDS has placed an order at China’s Jinling Shipyard for one additional roro freight vessel,…
Read More » -
Europe
Tidships moves to acquire Belships
Norwegian bulker operator Belships has announced that it has received a voluntary cash offer from Consensio, a fully-owned subsidiary of…
Read More » -
Asia
Court grants Pacific Radiance six-month moratorium
The High Court of Singapore has granted financially troubled OSV operator Pacific Radiance a six-month moratorium in order to preserve…
Read More » -
Europe
IM Skaugen to delist from Oslo in September
Norwegian gas carrier operator IM Skaugen will delist from Oslo Stock Exchange in September following it submission of a delisting…
Read More » -
Europe
Subsea 7 secures EPIC contract offshore Egypt
Norwegian subsea services provider Subsea 7 has been awarded a engineering, procurement, installation and commissioning contract by Burullus Gas Company…
Read More » -
Greater China
Containers fall off Cosco boxship at Tianjin Port
Five containers fell off 10,000 teu containership during unloading at Tianjin Port Pacific International Container Terminal yesterday. Bunker vessel Jin…
Read More » -
Greater China
CSC Phoenix rocked by resignation of 42 employees
Chinese bulk shipping operator CSC Phoenix’s future operations has become uncertain with the company facing mass employee resignations. According to…
Read More » -
Europe
Euronav takeover of Gener8 set for completion
Shareholders of Gener8 Maritime have approved plans to merge with Euronav, with 98% of those voting supporting the deal. Gener8…
Read More » -
Europe
Scorpio Bulkers secures new loan for kamsarmax pair
Emanele Lauro’s Scorpio Bulkers has received a commitment for a loan facility of up to $30m from ING Bank to…
Read More » -
Middle East
Shelf Drilling to raise $250m from Oslo IPO
UAE-based offshore drilling contractor Shelf Drilling expects to raise $200-$250m from its IPO on the Oslo Stock Exchange. The company…
Read More » -
Europe
Hurtigruten to take over Kleven
KVE Holding, an affiliate company of cruise company Hurtigruten, is going to take full control of Norwegian shipyard Kleven by…
Read More » -
Europe
Eimskip and Samskip face collusion charges
Two Icelandic shipping companies Eimskip and Samskip are currently being investigated by Icelandic Competition Authority for violating Icelandic competition act.…
Read More » -
Europe
Subsea 7 secures EPCI contract by Shell
Norwegian subsea service provider Subsea 7 has been awarded a contract by Shell for the Penguins Redevelopment Project, northeast of…
Read More » -
Greater China
Ocean Rig cancels share offering
George Economou’s offshore drilling unit Ocean Rig has decided to withdraw the previously announced offering of common shares by its…
Read More » -
Greater China
CSSC disposes of shares in loss-making subsidiary
CSSC-affiliate Waigaoqiao Shipbuilding has sold its entire 26% equity shares in CSSC Shenghui Equipmet, a marine equipment manufacturer to Zhejiang…
Read More » -
Europe
Seadrill to emerge from chapter 11 in July
John Fredriksen’s Seadrill has announced that it anticipates emerging from the chapter 11 process in the first half of July.…
Read More »