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Asia
IMC sells kamsarmax for $12.8m
The Tsao family controlled IMC has offloaded a 2012-built kamsarmax, according to broking sources. Greek owner Kassian Maritime Navigation is…
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Europe
Havila reveals restructuring details
Norwegian OSV operator Havila Shipping has revealed details of a restructuring plan supported by bank lenders and Havila Holding, its…
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Asia
Great Eastern pounces for aframax pair
India’s Great Eastern Shipping has pounced for a pair of aframaxes. In a filing to the local stock exchange in…
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Europe
Maersk’s latest EEEs larger than reported at more than 20,000 teu each
“The only way to tell the real capacity of a Maersk ship is to count the boxes on their Christmas…
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Asia
Noteholders fail to agree Rickmers Trust Management’s restructuring plans
Embattled Rickmers Trust Management (RTM) suffered another reversal today in Singapore with noteholders today failing to agree to pass an…
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Asia
Board exodus continues at FSL in protest of CFO appointment
Another director has quit beleaguered First Ship Lease Trust over the appointment this September of a new cfo. Simon Davidson,…
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Europe
Bank of Ireland exiting shipping
Banks yanking their shipping portfolios continue apace. Bank of Ireland has become the latest to announce it will exit the…
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Asia
SGX completes Baltic takeover
One of shipping’s most prestigious institutions is now officially in Singapore hands. The Singapore Exchange (SGX) has announced it has…
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Europe
Shipmanagers Columbia and Marlow discuss merger
Columbia Shipmanagement and Marlow Navigation have confirmed that they are in discussions about a merger. The shipmanagement sector has seen…
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Asia
Indonesia’s Temas Line takes its largest boxship
Alphaliner is reporting Temas Line from Indonesia has paid Germany’s Gebab $6.5m for the 11-year-old 2,800 teu . The ship,…
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Asia
Slow moving ships with low freeboard urged to reroute away from southern Philippines
The Kuala Lumpur-based Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia Information Sharing Centre (ReCAAP…
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Europe
Marenave Schiffahrts edges closer to financial oblivion
Marenave Schiffahrts is a step away from financial oblivion with the board revealing two creditors have vetoed the Hamburg-based owner’s…
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Asia
THE Alliance unveils service offerings
Hot on the heels of rival OCEAN Alliance announcing its service network for next April, another container grouping THE Alliance has…
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Asia
Hanjin sliding out of the top 20 liner list fast
Hanjin Shipping, the seventh largest containerline in the world when it filed for bankruptcy at the end of August, will…
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Containers
Shipping growth outlook ‘uncertain’: UNCTAD
The United Nations Conference on Trade and Development (UNCTAD) annual report on shipping warns that future growth looks uncertain. Seaborne…
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Asia
Sungdong closes in on aframax deal
Sealing a refund guarantee is all that stands in the way of South Korea’s Sungdong Shipbuilding & Marine Engineering from…
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Asia
Calls grow for Pakistan to adopt shipbreaking code in wake of last week’s deadly inferno
Calls have grown for dramatic reforms at the Gadani shipbreaking area in Pakistan following last week’s tragic blaze on a…
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Middle East
Zim puts global network up for sale
The Wall Street Journal is reporting Israel’s largest shipping line Zim Integrated Shipping Services is looking at selling its global…
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Environment
Energy majors pledge $1bn to develop low emissions technologies
The Oil and Gas Climate Initiative (OGCI), comprising 10 of the largest energy companies in the world, has announced an…
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Asia
Samsung Heavy readies $1bn share sale
South Korean shipbuilding major Samsung Heavy Industries is gearing up for a share sale worth KRW1.14trn ($996m), Yonhap, the nation’s…
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