-
Containers
Bond issue to aid Containerships’ fleet expansion
Helsinki: Finnish firm Containerships has successfully placed an EUR45m senior secured bond loan. The bonds, maturing on 2 April 2019,…
Read More » -
Europe
Euronav sends shares to the Big Apple
Antwerp: Belgium’s Euronav has successfully swapped all of its unregistered ordinary shares that trade on Euronext Brussels for ordinary shares…
Read More » -
Containers
Hanjin Heavy wins CMA CGM trio of 20,600 teu orders
Marseille: On the back of solid results for 2014, France’s CMA CGM is ordering a trio of 20,600 teu ships…
Read More » -
Dry Cargo
HBC Hamburg Bulk Carriers handed management of 11 ships
Hamburg: The owner-operator HBC Hamburg Bulk Carriers has expanded its operations by adding a further 11 bulk carriers originating from…
Read More » -
Asia
Port of Melbourne comes under attack
Sydney: There’s plenty of disquiet around the docks of the host city of this weekend’s Cricket World Cup final. The…
Read More » -
Finance and Insurance
Titan Petrochemicals in profit warning
Hong Kong: Titan Petrochemicals issued something it has not been able to do for many years today – a profit…
Read More » -
Europe
Torm wins forbearance from lenders
Copenhagen: Denmark’s Torm is concluding a new restructuring deal with its lenders and Oaktree Capital Management. The original restructuring agreement…
Read More » -
Asia
KSS Line secures second Trammo Gas charter
Seoul: KSS Line from South Korea has won a time charter contract from Houston-based ammonia trader, Trammo Gas. Trammo Navigation…
Read More » -
Contributions
Beijing’s anti-coal stance will hit bulk earnings for years to come
In this week’s impressively frank assessments of both the markets and how he had got them wrong last year, Jens…
Read More » -
Asia
Korean is sixth candidate to run for IMO’s top job
Seoul: A Korean has become the sixth person to throw his hat into the ring to take up the IMO…
Read More » -
Americas
Sino-Global becomes a shipowner, paying $2.2m for a small tanker
New York: Fast evolving New York-listed Sino-Global Shipping America is buying a small oil/chemical tanker from Hong Kong-based Rong Yao…
Read More » -
Asia
PIL takes over Mariana Express Lines
Singapore: Pacific International Lines (PIL) along with Luen Thai Group has bought out fellow Singapore-headquartered containerline Mariana Express Lines for…
Read More » -
Asia
Jakarta mulls lifting bauxite export ban
Jakarta: There could be a relaxation of Jakarta’s 14-month long bauxite ban. The government is looking to allow miners to…
Read More » -
Americas
Sempra Energy pushes ahead with Port Arthur LNG project
Houston: Sempra Energy has requested that the Federal Energy Regulatory Commission (FERC) initiate the pre-filing review for the company’s proposed…
Read More » -
Finance and Insurance
Wilbur Ross urges greater consolidation
New York: Wilbur Ross, the architect for much of private equity’s shipping plays, used the podium at yesterday’s Capital Link…
Read More » -
Operations
Management buyout at Australia’s oldest pilotage company
Sydney: Australia’s oldest and largest marine pilotage company Australian Reef Pilots (ARP) has been bought by a consortium of its…
Read More » -
Asia
SK Shipping in the running for HMM’s bulkers
Seoul: Cash strapped Hyundai Merchant Marine (HMM) is willing to hear offers for its dry bulk division. The Seoul Economic…
Read More » -
Asia
Shreyas to take fleet into double-digit territory
Mumbai: The board of Shreyas Shipping & Logistics, the Indian container feeder operator, has approved a plan to acquire four…
Read More » -
Asia
Tan wins boardroom battle at Tanjung Offshore
Kuala Lumpur: In a surprise U-turn the faction led by Tan Kean Soon appears to have won the two-month long…
Read More » -
Asia
Scomi Energy Services cancels rights issue
Kuala Lumpur: Scomi Energy Services has cancelled a proposed rights issue of convertible five-year bonds worth up to RM140.5m. The…
Read More »