-
Asia
Analysts welcome Japanese box merger and ponder who’s next in consolidation wave
Shipping analysts have applauded the move from Japan’s big three lines to merge their container divisions, while musing who will…
Read More » -
Europe
Nils Andersen joins BP board
Nils Andersen has wasted little time picking up juicy appointments since his shock departure from the Maersk Group this summer.…
Read More » -
Asia
At least 10 workers killed as fire rips through beached tanker at Gadani
A giant fire engulfed a beached tanker today killing at least ten workers at the Gadani shipbreaking area in Pakistan…
Read More » -
Asia
SGX reprimands Swiber
Having only obliquely referenced the company before the Singapore Exchange (SGX) finally came out and lashed Swiber Holdings yesterday. Singapore-listed…
Read More » -
Asia
Singapore government mulls aid for ailing offshore sector
Singapore’s minister for trade and industry has hinted the government might help out the city-state’s ailing marine and offshore engineering…
Read More » -
Asia
Kidnapping crews proves alarmingly lucrative for Abu Sayyaf
Kidnapping seafarers is proving alarmingly lucrative for Philippine terrorist group Abu Sayyaf. Newswire Associated Press reports that the Islamist group…
Read More » -
Asia
NYK offloads ore carrier
Nippon Yusen Kaisha (NYK) has offloaded a 12-year-old ore carrier to Samos Steamship. Samos is paying in the high $12ms…
Read More » -
Asia
NYK, MOL and K Line to merge container divisions
The three Japanese majors who will help form THE Alliance next April are to merge their container operations. Nippon Yusen…
Read More » -
Europe
BW LPG ups bid again for Aurora LPG
BW LPG has moved ahead and made a voluntary unconditional tender offer for Aurora LPG, willing to pay more than…
Read More » -
Europe
The 4,923 teu YM Los Angeles sets new boxship scrapping records
Setting a new benchmark, Diana Containerships has moved to scrap a panamax boxship that was delivered less than 10 years…
Read More » -
Asia
Rickmers Maritime’s restructuring gets the nod
Rickmers Trust Management, the trustee-manager of troubled Singapore-listed Rickmers Maritime, has revealed that unitholders attending an extraordinary general meeting have…
Read More » -
Asia
Seoul earmarks billions to save shipyards
Seoul has moved to right the ship of its dire maritime sector announcing today a new KRW1trn ($871.73m) state-backed ship…
Read More » -
Asia
Prices for Japanese panamax bulkers continue to improve
A ten-year-old Sasebo-built panamax bulker has been bought by Zihni Shipping for a price Clarksons Research lists in the high…
Read More » -
Europe
Chellaram revealed as buyer of Klaveness kamsarmax
Chellaram Shipping, which has been busy paring back its dry bulk interests for most of this year, is still sniffing…
Read More » -
Environment
No firm CO2 deal at MEPC70
After the surprise euphoria of Thursday’s 0.5% sulphur cap limit by 2020 announcement, shipping reverted to its normal self today…
Read More » -
Asia
HMM front-runner to take over Hanjin’s transpacific operations
Hyundai Merchant Marine (HMM), Korea Line Corp and three unidentified other parties are in the mix to take over the…
Read More » -
Greater China
Chinese to upgrade Guinea port
China Harbour Engineering Company (CHEC) has signed a massive $770m deal with Guinea’s government on Monday to upgrade the port…
Read More » -
Environment
IMO’s 2020 sulphur cap divides the industry
News from the IMO yesterday that a 0.5% sulphur cap will be instituted for shipping worldwide by 2020 has drawn…
Read More » -
Europe
Blystad readies $100m bulker binge
Arne Blystad is taking his dry bulk ambitions to the next level with an over the counter offer on the…
Read More » -
Asia
Perisai Petroleum on edge as winding up order lands and banks come knocking
Insolvent Malaysian offshore firm Perisai Petroleum Teknologi has moved a couple of steps closer to oblivion. A private investor, Ravi…
Read More »