Europe
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Finaval sells MR2 tanker to Falcon Navigation
Rome-based owner Finaval is selling one of the last few tankers in its fleet, according to broking sources which report…
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Stena Bulk hails chemical foray
Stena Bulk has hailed its entrance into the chemical sector as having surpassed all expectations. The Swedish owner’s fleet of…
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Viking Supply Ships caught up in insider trading investigation
Norwegian offshore ship operator Viking Supply Ships has announced that the Swedish Economic Crime Authority is investigating possible insider trading…
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Subsea 7 awarded three contracts by Woodside
Subsea 7 has been awarded three contracts by Australia’s Woodside for engineering studies, with an option for Woodside to proceed…
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Crane collapse kills worker on Eni platform in the Adriatic
A worker has died and two were injured following a crane collapse at an offshore oil platform managed by Italian…
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DOF Subsea awarded raft of new contracts
DOF Subsea has been awarded several new contracts, taking the company’s awards for 2019 over the NOK 1bn ($115.4m) mark.…
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China Ocean Industry disposes of interest in leasing JV to repay debt
Chinese shipbuilding group China Ocean Industry has announced that it has entered into an agreement to sell its entire 20%…
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Diana Shipping signs new newcastlemax charter with Koch at lower rate
Greek dry bulk owner Diana Shipping has entered into a new time charter contract with Koch Shipping for 2017-built newcastlemax…
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MSC and Contship Italia given Gioia Tauro ultimatum
The fight between the two 50:50 shareholders of Medcenter Contianer Terminal, Italy’s main transhipment hub located in Gioia Tauro, is…
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Berenberg boss under investigation over insider-trading linked to Hapag-Lloyd
The managing partner of Berenberg, Germany’s oldest bank, is under investigation over an insider-trading scandal that allegedly yielded more than…
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Smedegaard steps down as CEO of DFDS
Danish roro ship operator DFDS has appointed Torben Carlsen as the new CEO of the company after current CEO Niels…
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Ernst Russ and Peter Döhle sell Hammonia Reederei
Ness Risan and Partners, a Norwegian investment fund, has teamed with the former owners of Finland’s Containerships Group to buy…
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MSC CIO calls for the containerisation of data communications
Last November Maersk, CMA CGM, Hapag-Lloyd, MSC and Ocean Network Express announced plans to establish a container shipping association to…
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Havila Shipping says almost half of its vessels are underperforming
Norway’s Havila Shipping says that 12 vessels in its fleet have failed performance tests, required as part of its restructuring.…
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Boskalis to offload another tug unit
Dutch company Boskalis, together with its joint venture partner Kotug International, has signed a letter of intent (LOI) relating to…
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Oltmann Schiffahrts sells last bulker
After nine years in the bulker segment the predominantly container focused Oltmann Schiffahrts has decided to let go of its…
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Maersk and ZIM boxships collide at Busan Port
Containerships Safmarine Nokwanda and Tianjin collided at South Korea’s Busan Container Terminal on Saturday, leading to damage on both ships.…
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CMA CGM initiates $1.2bn cost saving scheme
Despite announcing record $23.5bn revenues for last year, France’s CMA CGM on Friday revealed it is initiating a $1.2bn cost…
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TechnipFMC awarded major EPCIC contract by BP
Offshore engineering firm TechnipFMC has been awarded a major contract by BP for the engineering, procurement, construction, installation and commissioning…
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Maestro Shipping takes Mitsubishi handy bulker
Japanese owner Mitsubishi Corporation continues to downsize its bulker fleet, having sold its 2014-built handysize bulker . According to shipbroking…
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