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Europe
Globus Maritime postpones bond repayment
Greek bulker owner Globus Maritime has announced that the holder of the convertible promissory note issued by the company entered…
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Europe
Wartsila and PSA complete trials with autonomous tugboat
The Maritime and Port Authority of Singapore (MPA) and Finnish marine technology group Wartsila have successfully completed initial sea trials…
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Middle East
Polarcus seismic project cancelled
Dubai offshore survey specialist Polarcus has announced that an XArray marine seismic acquisition project the company secured in December last…
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Asia
PIL offloads Pacific Direct Line to Neptune Pacific Line
Neptune Pacific Line (Neptune) has confimed the acquisition of Pacific Direct Line (PDL) from PDL’s parent company, Pacific International Lines…
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Asia
Sumitomo Mitsui Trust Bank joins Poseidon Principles
Sumitomo Mitsui Trust Bank (SMTB), a major Japanese shipping lender and one of Japan’s largest asset managers, has become the…
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Greater China
Former CSIC official sentenced to 11 years in prison
A court in Shanghai has sentenced Zhou Fengxiang, former chairman of China Shipbuilding Industry Equipment and Materials (CSEMC), to prison…
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Europe
Island Offshore secures walk-to-work contracts
Island Offshore has secured two walk-to-work contracts for its multi-purpose offshore supply ship , extending the vessel’s employment until late…
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Containers
Weekly Broker: Bulkers withdrawn from sale
Activities in the secondhand bulker S&P market scaled back this week with limited assets being put on the market for…
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Greater China
BoComm Leasing ordering 12 LR2 tankers for Shell charter
Chinese leasing house Bank of Communications Financial Leasing (BoComm Leasing) will place orders for a total of twelve 120,000 dwt…
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Europe
Klaipedos Nafta secures loan from NIB for Hoegh FSRU acquisition
Lithuanian oil terminal operator Klaipedos Nafta has entered into a 25-year loan agreement with The Nordic Investment Bank (NIB) to…
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Asia
Heung-A Shipping to commence KDB-led restructuring
South Korean owner Heung-A Shipping has applied to start a debt restructuring in an effort to solve its debt crisis.…
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Greater China
OOCL orders five 23,000 teu boxships at Cosco yards
Hong Kong’s Orient Overseas Container Line (OOCL) has entered into shipbuilding contracts with two Cosco yards for the construction of…
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Greater China
Cosco adds eight pulp carriers at Cosco Dalian yard
Cosco Shipping Specialized Carriers, the multi-purpose shipping unit of China’s largest maritime conglomerate, has announced a plan to order eight…
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Europe
TGS and Fairfield secures seismic project in the Delaware Basin
TGS and Fairfield Geotechnologies have entered into an agreement to acquire a new multi-client survey within the Area of Mutual…
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Middle East
Oman Shipping confirms acquisition of ultramax pair
Oman Shipping has confirmed the acquisition of two ultramax bulk carriers, the 2015-built 63,700 dwt SBI Taurus and the 2014-built…
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Asia
Eversendai agrees to acquire Vahana Offshore from chairman
Malaysian engineering group Eversendai Corporation has announced that it has agreed to acquire the entire issued capital of Vahana Offshore…
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Europe
Global Offshore secures cable installation work at Kincardine wind farm
UK offshore service provider Global Offshore, part of Global Marine Group, has been awarded a contract for cable installation and…
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Middle East
Shelf Drilling secures jackup contract extension
Dubai-based offshore driller Shelf Drilling has secured a one-year contract extension from Belayim Petroleum (Petrobel) for its Trident 16 jackup rig…
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Europe
Shearwater GeoServices secures seismic project in Gulf of Mexico
Shearwater GeoServices has been awarded a major ocean bottom seismic (OBS) deepwater ROV project by TGS and Schlumberger in the…
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Asia
Asian shipping shares outside of China plunge
Stock markets across Asia Pacific were sent reeling today amid gloomy economic news, further coronavirus fears and the slashing of…
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