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Asia
SPP to hand over final ship tomorrow and face liquidation
Tomorrow SPP Shipbuilding will deliver its final vessel and then face liquidation. Once the world’s foremost chemical carrier manufacturer, the…
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Asia
Ezion postpones delivery of four rigs
Struggling Singapore-listed Ezion Holdings has postponed taking four service rigs indefinitely in a move that it says will save it…
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Europe
Navios wins $21.5m Vale case
A New York arbitration tribunal has ruled in favor of Navios Logistics on a dispute with Vale regarding the termination…
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Americas
DHT sells older VLCC
DHT Holdings has sold one of its older tankers. Multiple broking sources suggest the New York-listed firm picked up $18.5m…
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Asia
Vallianz trades new shares to cancel some debts
Vallianz Holdings is offering new shares to 13 of the companies it owes money to in order to balance its…
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Middle East
Bunge and Bahri form dry bulk venture
Agribusiness giant Bunge is teaming up with one of the Middle East’s largest shipowners, Bahri from Saudi Arabia, to form…
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Europe
Toisa wins concession as Chapter 11 proceedings gather pace
Toisa, a shipowning vehicle controlled by Greek national Gregory Callimanopulos which filed for Chapter 11 protection in the US at…
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Europe
Enesel leads the Greek charge for cheap Korean VLCC newbuilds
Greek shipowners are hurrying to South Korea to take advantage of incredibly low prices for VLCC newbuildings. Enesel is leading…
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Europe
Cyprus’s transport minister in the firing line over controversial Limassol port privatisation
The controversial privatisation of Cyprus’s top port could take a big scalp with calls growing for Marios Demetiades, the transport…
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Middle East
Korean car carrier released by Libyan militants
The , a car carrier controlled by South Korea’s Eukor, has been released by Libyan militants and is now sailing…
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Europe
Offen backs struggling Marenave
German investors are coming to the rescue of Hamburg’s struggling Marenave Schiffahrts. Marenave has managed to conclude an investment agreement…
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Europe
Nobu Su brands Polys Haji-Iannou a liar as latest court case gets underway
Polys Haji-Iannou, the head of World Tankers Management, has been branded a liar by Nobu Su, while the reclusive, under…
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Europe
Economou scoops Saverys for newcastlemax quartet
Brokers are reporting George Economou has scooped the Saverys family for a quartet of modern Chinese-built newcastlemaxes. Hunter Maritime Acqusition…
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Containers
New book predicts what liner shipping will look like in 2025
A Splash regular contributor, Lars Jensen from SeaIntelligence Consulting, yesterday published his latest book. The well respected container analyst’s latest…
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Asia
K Line becomes a fully-fledged Indian shipowner
A subsidiary of Kawasaki Kisen Kaisha (K Line) has become a member of the Indian National Shipower’s Association (INSA) as…
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Europe
Hanjin-linked vessel sales continue apace
JP Morgan has bought Hanjin capesize that had earlier been linked to Greece’s Chartworld. Creditor KEB Hana Bank was believed…
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Asia
Bondholders brace for $1bn losses from Hanjin’s collapse
Plenty of companies and individuals are set to suffer large losses from their investments in South Korea’s Hanjin Shipping, a…
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Asia
SM Line to start sailing on March 8
While Friday, February 17 marked the end of one household name in Korean container shipping, March 8 is set to…
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Middle East
Eukor car carrier nabbed by Libyan militants
Images carried on Libyan media and above show the moment the Eukor car carrier was seized by militants off Ras…
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Asia
Seafarer killed, seven abducted off the southern Philippines
A Vietnamese seafarer was killed and another seven kidnapped in the Sulu Sea of the Philippines yesterday evening. Gunmen, likely…
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