Europe
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Navios Maritime Containers postpones US IPO
Angeliki Frangou’s Navios Maritime Containers has postponed a proposed IPO in the US, joining a growing list of failed Wall…
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Norwegian diabetes pharmaceutical company aims to profit from the global sulphur cap
The global sulphur cap might be a bitter pill for many shipowners to swallow, but a new subsidiary of a…
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Havyard secures contracts for two newbuildings
Norwegian shipbuilding group Havyard has entered into contracts with an undisclosed customer for the construction of two vessels in the…
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Troim and Fredriksen have not spoken since 2014
Borr Drilling chairman Tor Olav Troim has revealed he has not spoken with his former boss John Fredriksen in four…
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Maersk has change of heart on scrubbers
In a significant volte-face Maersk has decided to install scrubbers on some of its boxships ahead of the January 1,…
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South End Tanker Management takes a small tanker from Furtrans
Dordrecht-based South End Tanker Management is reported as the new owner of the 2008-built small chemical tanker , now renamed…
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Aalto Shipping acquires two bulkers
New Finnish shipping company Aalto Shipping has announced the acquisition of two ice-strengthened bulk carriers for its fleet. One of…
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Sapura Energy to sell 50% stake in upstream business to OMV
Malaysian oil and gas services company Sapura Energy has entered into an agreement with Austrian energy company OMV to sell…
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Solstad Farstad fixes two OSVs to Total in South Africa
Norwegian offshore vessel owner Solstad Farstad has been awarded contact by Total E&P South Africa for 2010-built large anchor handling…
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How shipping has changed since Lehman Brothers collapsed
Around this time 10 years ago I boarded a train from the far southwest of France bound for Hamburg. The…
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Wave of feeder consolidation continues with Dubai’s Admiral snapped up
The sudden wave of feeder consolidation continues in the box sector with news that Dubai-based Admiral Shipping and Admiral Feeders…
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Product Shipping withdraws Nasdaq IPO
Greek owner Stamatis Molaris’ Product Shipping has officially withdrawn a plan for initial public offering (IPO) on the Nasdaq. The…
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W Marine exercises kamsarmax option at Taizhou Kouan
Greek owner W Marine has exercised an option to build a 82,000 dwt kamsarmax bulk carrier at Chinese yard Taizhou…
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Odfjell Drilling secures more work for semi-submersible
Odfjell Drilling has been awarded a contract by Ithaca Energy (UK) for 1983-built semi-submersible rig . The contract is for…
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Norway champions zero-carbon trade
At the Global Climate Action Summit in San Francisco yesterday Norway set out plans to push the world towards zero…
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Top Ships secures $92.5m sale and leaseback deal for newbuild pair
Greek owner Top Ships has obtained non-binding credit committee approval from a major Chinese leasing company for up to $92.5m…
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N-Sea awarded IMR services contract
Dutch subsea services provider N-Sea has been awarded a £30m ($39m) contract for subsea inspection, repair and maintenance services in…
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Sovcomflot orders LNG-fuelled aframax tanker pair for Rosneft charter
Russia’s Sovcomflot has ordered a pair of LNG-fuelled aframax tankers at Zvezda Shipbuilding Complex. The two vessels, financed by VEB-Leasing,…
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Oceanteam Solutions wins cable transport contract
Dutch offshore services company Oceanteam Solutions has secured a contract from a UK-based energy company for the transport of cables…
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Klaveness Combination Carriers raises funds for fleet growth
Klaveness Combination Carriers (KCC) is raising $45-70m via a private placement of shares, funds which will be used to add…
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