-
Dry Cargo
Dry bulk recovery at risk from new flood of investor money: Pareto
As part of BRS Group’s just released 120-page annual review Pareto Securities has warned dry bulk risks seeing a flood…
Read More » -
Asia
Hyundai Samho to build LNG-fuelled aframaxes for Sovcomflot and Shell
Hyundai Samho Heavy Industries will be build four LNG-fuelled ice-class aframaxes for Russia’s Sovcomflot. The 114,000 dwt quartet are thought…
Read More » -
Americas
Petrobras hawks controversial rig pair for as little as $20m
Beleaguered Brazilian energy major Petrobras is hawking off a pair of drilling platforms for as little as $20m. Petrobras originally…
Read More » -
Europe
Hapag-Lloyd’s merger with UASC delayed by two months
Germany’s Hapag-Lloyd is pushing back completing its merger with fellow containerline United Arab Shipping Company (UASC) by two months, pending…
Read More » -
Containers
Better to burn out than to rust
“It’s better to burn out than to rust.” So wrote Neil Young back in the late 1970s in his great…
Read More » -
Asia
Claims continue to mount against Ezra Holdings
Bad news for beleaguered Singaporean offshore operator Ezra Holdings continues to pile up. Two ships on bareboat charter to subsidiary…
Read More » -
Dry Cargo
Dry bulk revival set to be cut short by newbuild splurge
Shipowners have taken the plunge and set about the start of what looks like another killer dry bulk ordering binge.…
Read More » -
Europe
Western Bulk Chartering boss questions whether expectations are running ahead of fundamentals
Jens Ismar, CEO at Norway’s Western Bulk Chartering, has pondered whether expectations are running ahead of fundamentals when it comes…
Read More » -
Europe
Greek owners ditch home flag
The expensive and overly bureaucratic Greek flag is losing more and more business to rival registers, led by the Marshall…
Read More » -
Europe
Economou secures four VLCC newbuilds for just $76m per unit
Splash understands George Economou has managed to negotiate a sensationally low price of just $76m per unit for a series…
Read More » -
Bunkering
Somalis release hijacked tanker
Somali pirates who hijacked a UAE-controlled product tanker on Monday have released it without getting a ransom for the eight…
Read More » -
Bunkering
New bunker brokerage launches today
A new bunker, lubricants and LNG brokerage company has been launched today. Headed by Neil Lamerton, Oceanic Energy aims to…
Read More » -
Europe
Paddy Rodgers admits 2017 could be tricky for tankers
Paddy Rodgers, ceo of tanker giant Euronav, has admitted 2017 will be a tricky year. In announcing the company’s financial…
Read More » -
Asia
World gets a glimpse of the largest boxship ever built
The world got a glimpse of the world’s largest containership yesterday at the naming cermomy of the 20,150 teu .…
Read More » -
Middle East
Tanker hijacked by Somalis did not follow piracy procedures
The shipowner of the hijacked product tanker has been slammed for cutting corners and subsequently endangering the lives of eight…
Read More » -
Asia
PIL turns 50, nears 500,000 slot mark
On the occasion of the 50th anniversary of the founding of Singapore liner firm Pacific International Lines (PIL), its managing…
Read More » -
Asia
HMM signs up with 2M
Yesterday, Hyundai Merchant Marine (HMM) officially signed up to a strategic cooperation deal with the members of 2M, MSC and…
Read More » -
Asia
Endangered Sungdong workers urge Korean authorities to fix refund guarantee situation
Workers at struggling Sungdong Shipbuilding & Marine Engineering are begging state banks to help out and issue refund guarantees. A…
Read More » -
Europe
Struggling DSME close to securing triple Angelicoussis VLCC order
Daewoo Shipbuilding & Marine Engineering’s CEO Jung Sung-Leep is in Europe holding discussions with key clients and is expected to…
Read More » -
Asia
Daiichi Chuo turns the corner, nails first operating profit since 2010
One of the most high profile bankruptcies in dry bulk in recent years looks to have turned the corner. Daiichi…
Read More »