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Europe
Fenghai Ocean Shipping tanker to be auctioned by court
Qingdao Maritime Court will hold an auction for Dongguan Fenghai Ocean Shipping’s product tanker Feng Sheng You 16 via online…
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Europe
Abandoned Aroania Maritime bulker to be auctioned by Chinese court
China’s Ningbo Maritime Court will hold an auction for the handymax bulker via online platform Taobao on July 25. The…
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Dry Cargo
Weekly Broker: Dry bulk activity falls in line with diminished freight rates
This past week has seen a surge in the volume of ships changing hands, contributed in no small part by…
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Greater China
Wuhan Newport Changhai orders feeder boxship pair at WUT Guangda
Wuhan Newport Changhai Container Shipping, a regional shipping service provider on the Yangtze River, has awarded a shipbuilding contract to…
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Greater China
Court freezes more Dandong Port assets
Liaoning Supreme Court has ordered to freeze RMB2.69bn ($421m) worth of assets of financially troubled Dandong Port at the request…
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Containers
Marine Money container panel highlight the pros of consolidation
The outlook for container shipping is promising with an improving supply/demand scenario this year, speakers at Marine Money’s event in…
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Middle East
Yasa Shipping orders tanker quartet at Hyundai Mipo
Turkish shipowner Yasa Holding is said to have placed an order at South Korean yard Hyundai Mipo for the construction…
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Greater China
Hong Kong finally gears up to take the fight to Singapore
After a lost couple of decades, Hong Kong authorities are finally gearing up to make the city more competitive for…
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Middle East
Gulf Marine Services awarded pair of charter contracts
Abu Dhabi-based offshore vessel operator Gulf Marine Services (GMS) has secured two charter awards in the MENA region. The awards…
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Europe
WorleyParsons awarded offshore tie-back contract by Neptune Energy
Australian offshore engineering specialist WorleyParsons has been awarded an offshore engineering, procurement, construction, installation and commissioning (EPCIC) contract by Neptune…
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Greater China
China Merchants acquires Hanjin stake in Zhejiang Eastern Shipyard
China Merchants Group has acquired a 34% stake of Zhejiang Eastern Shipyard (ZESCO) in a court-led auction for RMB171m ($26.8m).…
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Asia
Essar Shipping to dispose of older vessels
India’s Essar Shipping has passed a resolution to sell off its older vessels as part of the company’s fleet renewal…
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Asia
Nisshin Shipping adds nine ultramax bulkers at Nantong Xiangyu
Japanese owner Nisshin Shipping has placed an order at China’s Shipbuilding & Offshore Engineering for the construction of up to…
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Europe
Shell awards FPU construction contract to Sembcorp Marine
Shell Offshore has awarded a contract to Sembcorp Marine Rigs & Floaters, a unit of Singapore shipbuilding group Sembcorp Marine,…
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Greater China
China Merchants to integrate port assets into Shenzhen Chiwan Wharf Holdings
China Merchants Group is planning to integrate all its port-related assets into its listed unit Shenzhen Chiwan Wharf Holdings. Trading…
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Europe
Jan De Nul scores offshore wind contract in Taiwan
Belgian marine engineering specialist Jan De Nul has signed an offshore wind contract in Taiwan for the design, procurement and…
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Asia
Polaris Shipping orders capesize bulker at Waigaoqiao
South Korean owner Polaris Shipping has placed an order at China’s CSSC-affiliated Waigaoqiao Shipbuilding for the construction of an 180,000…
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Asia
Pacific Radiance commences court led restructuring
Singapore offshore vessel operator Pacific Radiance has announced its intention to pursue a restructuring through the courts via a scheme…
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Containers
Weekly Broker: S&P cools off
In line with a sudden cooling of freight rates the past week was not so busy for bulker sales and…
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Europe
HJH Shipmanagement orders bulker pair at CSSC Chengxi
German owner HJH Shipmanagement has placed an order at China’s CSSC Chengxi Shipyard for the construction of one 40,000 dwt…
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