Europe
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DEME orders offshore installation vessel at Cosco Shipyard
Belgian marine engineering contractor DEME has placed an order for the construction of an offshore installation vessel at China’s Cosco…
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Odfjell Drilling awarded semi-sub work in South Africa
Norwegian offshore driller Odfjell Drilling has signed a conditional letter of award with an oil major for a one well…
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Latvian Shipping Company completes $121m refinancing
Latvian tanker operator Latvian Shipping Company has completed a $121m refinancing with a syndicate of three banks. The company reached…
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Boskalis sells off last remaining shares in Fugro
Royal Boskalis Westminster has announced that it has sold off all of its remaining shares in offshore firm Fugro. The…
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CMA CGM boss vows to lead all US box trades
CMA CGM’s new CEO has vowed to be the top container carrier on all US trades. Rodolphe Saadé, son of…
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Eagle Bulk snaps up nine ultramaxes from Greenship Bulk Trust
New York-listed dry bulk owner Eagle Bulk Shipping has agreed to acquire up to nine ultramax dry bulk vessels from…
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DHT and Frontline battle comes to an end
DHT Holdings yesterday announced that its board of directors had unanimously rejected John Fredriksen’s Frontline revised takeover, likely putting an…
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Havila concludes restructuring
Norwegian OSV firm Havila Shipping has completed its restructuring – a complex series of arrangements that has included the issuance…
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BW Offshore wins arbitration against Addax Petroleum
BW Offshore has announced a successful arbitration award regarding its dispute with Addax Petroleum Exploration, a subsidiary of Sinopec, regarding…
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Firefinch Investment orders tanker at Dajin Heavy Industry
Shanghai Bestway Marine Engineering has announced that its subsidiary yard, Jiangsu Dajin Heavy Industry, has secured a shipbuilding contract from…
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Cargill extends post-panamax charter with Diana Shipping
Cargill International has extended its time charter with Diana Shipping for post-panamax dry bulk vessel for a period of 13…
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Frontline takes VLCC resale brace at ‘historically low’ $77.5m per unit
John Fredriksen’s Frontline has revealed via its latest quarterly results that the tanker firm has picked up two VLCC resales…
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Pillarstone to become sole shareholder of Premuda with $53m investment
On March 30 Genoa-based Premuda will become a shipping company 100% owned by KKR-controlled turnaround fund Pillarstone Italy. Pillarstone, the…
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DOF offloads another older PSV
DOF has sold one of its older vessels, the 2001-built PSV , to an unspecified company outside Norway who is…
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Seadrill admits Chapter 11 is a possibility
John Fredriksen’s Seadrill, saddled with debts and liabilities of around $14bn, has now admitted chapter 11 proceedings cannot be ruled…
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Nobu Su’s latest case thrown out of court
Nobu Su has had his latest case thrown out of court but has vowed to keep fighting. The chairman of…
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Farstad Shipping wins host of new contracts
Norway’s Farstad Shipping has announced a host of new contracts wins. Fairfield Betula has fixed 2003-built platform supply vessel Far…
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Prize on offer for new maritime sustainable solutions
With three months to go until the year’s most creative maritime exhibition, Nor-Shipping has unveiled a competition. Posted via Facebook,…
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Odfjell Drilling exiting loss-making drillship venture
Odfjell Drilling is exiting a joint venture that controls a drillship, the off-contract . The drillship is owned by Golden…
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Central Shipping Monaco adds another at Hyundai-Vinashin
Central Shipping Monaco, owned by Evangelos Pistiolis, has exercised an option to build a 50,000 dwt MR tanker. The option…
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