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Containers
Taiwan Stock Exchange warns Evergreen over succession fued
Taiwan Stock Exchange has urged Evergreen Group to handle the management restructuring properly in order not to damage the interests…
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Finance and Insurance
ICBC Leasing issues $200m shipping assets bond
ICBC Leasing, the financial leasing arm of ICBC, has issued $200m of offshore shipping bonds through a special purpose vehicle…
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Containers
Evergreen Group terminates chairman role as succession war intensifies
Evergreen Group has announced in an internal notice that the board has approved to terminate the top management division of…
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Europe
NordLB forms joint venture for restructuring of shipping loans
German bank NordLB has announced a new joint venture with Reederei Offen Group and Caplantic to advise on the restructuring…
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Americas
McDermott and Larsen & Toubro form Indian subsea collaboration
McDermott International and L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, have signed a long-term exclusive…
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Middle East
Gulf Drilling International awarded drilling contract by Dolphin Energy
Gulf Drilling International awarded drilling contracts by Dolphin Energy Offshore service provider Gulf International Services has announced that its subsidiary,…
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Asia
Otto Marine wins newbuild contracts from Indonesia
Singapore-listed Otto Marine has announced that its offshore shipyard has branched out to secure three new shipbuilding contracts worth $23m…
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Greater China
Huake Wuzhou Offshore orders two jack-ups at Bohai Shipbuilding
Tianjin-based Huake Wuzhou Offshore Engineering has signed contracts with CSIC-affiliated Bohai Shipbuilding Industry for the construction of two jack-up platforms.…
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Europe
Ship Finance International sells ageing anchor handler
John Fredricksen’s Ship Finance International (SFL) has announced that it has agreed to sell the 1999-built anchor handling tug supply vessel…
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Containers
Chang Kuo-wei declares himself Evergreen boss amidst family power struggle
Taiwan’s EVA Airways has said internally yesterday that its chairman Chang Kuo-wei, the youngest son of the late Evergreen Group…
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Europe
Scottish cities look to tap rig decommissioning market
Scottish cities are rapidly repositioning themselves for the post-North Sea oil future. Port operator Forth Ports has announced a plan…
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Greater China
Court orders restructuring of Sainty Marine
Financially troubled shipyard Sainty Marine has announced that Nanjing Intermediate People’s Court has ruled to restructure the company. At the…
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Greater China
Zhejiang to integrate three ports
Zhejiang government has started preliminary works to integrate three ports in the province, Jiaxing Port, Wenzhou Port and Taizhou Port.…
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Asia
MOL selling 2009-built cape
The dry bulk market is awash with Japanese-built capesizes for sale with Mitsui OSK Lines (MOL) the latest to put…
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Americas
Success for Algoma in Mingde Heavy Industry arbitration
Canada’s Algoma Central Corporation has announced that a London arbitration tribunal hearing a contract dispute involving three shipbuilding contracts between…
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Asia
Former Tanjung Offshore MD faces fraud charges
Harzani Azmi, former managing director of Tanjung Offshore, has been charged with fraud and money laundering by a local court…
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Asia
Greka Drilling awarded contract by Essar Oil
Greka Drilling has announced that it has been awarded a new contract to provide drilling services on the Raniganj East…
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Greater China
Shandong Dingsheng Group acquires Shandong Yuanda Shipping
Shandong Dingsheng Group, a precision instrument manufacturer in the oil drilling sector, has announced that it plans to acquire full…
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Greater China
Local government helps Sinopacific Shipbuilding pay worker salaries
Over 100 employees from Sinopacific Shipbuilding’s Dayang Shipyard protested at a local district government office in Yangzhou to complain about…
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Asia
SapuraKencana confirms contracts worth $382m
SapuraKencana Petroleum has announced that companies within the group have been awarded two new contracts and a contract extensions worth…
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