-
Asia
Masumoto Shipping orders kamsarmax pair at NACKS
Japanese owner Masumoto Shipping has entered into shipbuilding contracts with Nantong Cosco KHI Ship Engineering (NACKS) for the construction of…
Read More » -
Europe
Former Caterpillar Propulsion COO buys out company
Caterpillar Propulsion, formerly Berg Propulsion, has been take over by its former COO and shareholder Stefan Sedersten. Sedersten, via his…
Read More » -
Asia
Polaris VLOC to be scuttled off Brazilian coast
The Brazilian authorities have decided to sink the 2016-built very large ore carrier (VLOC) Stellar Banner off the coast of…
Read More » -
Americas
Fednav restructures business
Canadian bulk carrier operator Fednav has announced the reorganisation of its shipping businesses into one management entity in order to better…
Read More » -
Asia
Nan Lian Shipmanagement snaps up Mercator MR tanker at auction
Indian owner Mercator has sold its 2000-built 47,000 dwt MR tanker via an auction as part of a sell off…
Read More » -
Europe
Shell sends Havila PSV back early
Norwegian OSV operator Havila Shipping has announced that its client Shell has redelivered 2010-built platform supply vessel early. The vessel…
Read More » -
Asia
Sembcorp Marine proposes $1.5bn recapitalisation as part of demerger from parent company
Singapore’s shipbuilding and repair yard group Sembcorp Marine has proposed a recapitalisation plan through a S$2.1bn ($1.5bn) rights issue which…
Read More » -
Asia
Singapore completes first full crew change under new protocol
The first full crew change using a new protocol in Singapore has taken place over the weekend. A total of…
Read More » -
Europe
PGS cutting staff numbers by 40% as part of new cost reduction measures
Offshore survey specialist PGS has implemented further cost reduction measures of about $400m through staff reductions, re-organisation, consolidation of offices,…
Read More » -
Europe
Borr Drilling completes financial restructuring
Norwegian offshore driller Borr Drilling has obtained significant amendments to facilities from its secured lenders and shipyards that will provide…
Read More » -
Americas
Explosion onboard Hoegh car carrier injures local firefighters at Jacksonville
A fire erupted onboard the 4,900 ceu car carrier at Port of Jacksonville on Thursday. According to the Jacksonville Fire…
Read More » -
Asia
Stellar Banner refloated three months after grounding
The 300,000 dwt very large ore carrier , which had been stranded off Brazil since the end of February, has…
Read More » -
Greater China
Court seizes shipyard assets of Taizhou Kouan
A court in Taizhou has ruled to freeze part of the shipyard assets of Taizhou Kouan Shipbuilding at the request…
Read More » -
Europe
Subsea 7 awarded contract in Netherlands
Offshore service provider Subsea 7 has been awarded a major contract by Vattenfall for the Hollandse Kust Zuid (HKZ) offshore…
Read More » -
Containers
Weekly Broker: Keep an eye on asset values
The dry bulk vessel sale and purchase market has seen another week of subdued activities. Investors still lack confidence despite…
Read More » -
Asia
EU resumes HHI-DSME merger investigation
The European Commission, the antitrust regulator of European Union, has resumed screening of the merger between major South Korean shipbuilders…
Read More » -
Greater China
CNTIC VPower LNG Logistics acquires resale LNG carrier from Cosco Dalian
Cosco Dalian Shipyard has resold a newbuild 28,000 cu m LNG carrier to Singapore-based CNTIC VPower LNG Logistics, a joint…
Read More » -
Asia
Sapura Energy secures $180m worth of new contracts
Malaysian offshore service provider Sapura Energy has secured five new contracts worth RM766m ($180m) in total. Sapura Offshore, a subsidiary…
Read More » -
Greater China
Nanjing Tanker orders chemical tanker at Taizhou Maple Leaf Shipbuilding
Nanjing Tanker, a tanker unit of China Merchants, has placed an order at domestic yard Taishou Maple Leaf Shipbuilding for…
Read More » -
Americas
Ridgebury quits the VLCC trades
Bob Burke-led Ridgebury Tankers has exited the VLCC trades with multiple broking houses reporting the sale of the company’s last…
Read More »