Europe
-
IUMI warns on increasing frequency of major vessel casualties
Statistics released by the International Union of Marine Insurance (IUMI) show major vessel casualties are on the rise. The frequency…
Read More » -
Navios Maritime Partners acquires panamax bulker pair
Navios Maritime Partners has announced that it has agreed to acquire two 75,000dwt panamax vessels for $27m in total. The…
Read More » -
Paris approves STX France sale
The French government has given the green light for the sale of a 48% equity stake in shipyard STX France…
Read More » -
Solstad Offshore secures CSV contract
Norwegian OSV operator Solstad Offshore has entered into a long-term charter agreement with Mexican company Typhoon Offshore for its construction…
Read More » -
Wood Group wins offshore engineering contract from Karoon
Offshore engineering contractor Wood Group has been awarded a multi-year contract by Brazilian energy company Karoon Petróleo & Gás to…
Read More » -
Hempel sets aside $40m for potential costs in German bribery case
Danish company Hempel, which produces ship coatings, has set aside $40m for costs in a bribery case in Germany, as…
Read More » -
Italian transport minister voices concern at container shipping’s consolidation
Italy’s transport minister has voiced his concerns about the supersizing of boxships and the consolidation being seen within the container…
Read More » -
Fredriksen: Seadrill was not prepared for low oil prices
In an interview with Norwegian newspaper Dagens Næringsliv, John Fredriksen, chairman of near bankrupt Seadrill, admitted he did not see…
Read More » -
Solvang to be privatised
A group including AS Clipper and the Steensland family have made a mandatory offer to take gas shipowner Solvang private,…
Read More » -
JP Morgan grabs five ultramaxes en bloc from Setaf Saget
JP Morgan Global Maritime has taken over five ultramax bulk carriers from French dry bulk shipping operator Setaf Saget. According…
Read More » -
Seanergy acquires secondhand capesize
Greek dry bulk owner Seanergy Maritime Holdings has entered into an agreement to acquire a 2012-built capesize vessel. The 179,213…
Read More » -
Statoil signs up Transocean semi-submerible
Norwegian energy giant Statoil has announced that the company and its license partners have decided to have decided to use…
Read More » -
Lloyd’s Register buys into Hanseaticsoft in bid to deliver shipping 4.0
British classification society Lloyd’s Register (LR) has made a “significant investment” in Hamburg-based ship management software provider Hanseaticsoft. Hanseaticsoft provides…
Read More » -
Uljanik Plovidba makes gas move
Croatian owner Uljanik Plovidba is teaming up with Cyprus-based ECTA Caspian to form a joint venture looking to ship LNG…
Read More » -
Tsakos’s latest product buy illustrates declining asset prices in the sector
Tsakos Group’s acquisition of the product tanker illustrates well the declining asset value in the sector. The Greek owner is…
Read More » -
Shareholders the biggest losers as Seadrill prepares for Chapter 11
John Fredriksen’s Seadrill says that it is preparing to implement a restructuring plan which will likely involve schemes of arrangement…
Read More » -
DryShips seals new Kalani deal, moves to acquire six more vessels
George Economou’s DryShips has gone back to its favourite source of finance, the little-known Kalani Investments, who have agreed to…
Read More » -
Eimskip takeover of Nor Lines blocked by competition authority
The Norwegian Competition Authority has decided to prohibit Icelandic shippowner Eimskip from acquiring Norway’s Nor Lines. The authority said the…
Read More » -
Wilhelmsen and Wallenius complete deal to form Wallenius Wilhelmsen Logistics
Wilhelmsen and Wallenius have completed a merger deal leading to a new ownership structure for their jointly owned investments in Wallenius…
Read More » -
Cido sells boxship pair to Arkas
Hong Kong-based Cido Shipping has sold a pair of sub-3,000 teu boxships to Turkey’s Arkas Denizcilik. The fast expanding Turkish…
Read More »