Europe
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KCA Deutag secures Sakhalin Energy extension
UK drilling service contractor KCA Deutag has secured a four-year contract extension from Sakhalin Energy Investment Company for platform drilling…
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Hanjin-linked vessel sales continue apace
JP Morgan has bought Hanjin capesize that had earlier been linked to Greece’s Chartworld. Creditor KEB Hana Bank was believed…
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Maritime Asset Partners: New finance vehicle backed by shipping veterans
Maritime Asset Partners (MAP), the newest name in ship finance, promises to provide some much needed direction for owners, helping…
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Maersk partners with new Chinese e-logistics platform Yun Qu Na
Denmark’s Maersk Line has signed a strategic agreement with Chinese online logistics platform Yun Qu Na to jointly develop online…
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Boskalis wins Hohe See cabling contract
Dutch firm Royal Boskalis Westminster subsidiary VBM has been awarded a contract by EnBW Hohe See for inter-array cabling at…
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MSC a step closer to ‘unique’ deal with Messina
The Swiss-headquartered group MSChas has signed a memorandum to acquire a 40% stake in the Genoa-based Messina Group, although neither…
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Downturn brings shipping closer to the general public
A picture paints a thousand words so the saying goes. I was indebted earlier this week to lawyer Lars-Erik Østerbø who…
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Fredriksen juggles LNG newbuild pair
John Fredriksen’s busy start to the year continues apace with news he’s looking to juggle a couple of newbuild LNG…
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Solvang orders ethylene carriers
Solvang and partners have today signed a letter of intent with South Korea’s Hyundai Mipo Dockyard for the construction of…
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Golden Union hungry for capesizes
Weeks after Theodore Veniamis-led Golden Union was revealed as the taker one of Hanjin’s baby capes, taking 114,650 dwt Hanjin Buchanan…
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Solstad Offshore fixes subsea vessel to Allseas
Norway’s Solstad Offshore, currently in the process of a merger with Farstad and Deep Sea Supply, has chartered subsea construction vessel…
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Diana Shipping cape charter extended
Greek dry bulk owner Diana Shipping has agreed a deal with SwissMarine Services to extend the time charter for 2009-built…
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Ukrainian seafarers undercut the market with new low rating wage
Undercutting the crewing market in a big way, Ukrainian seafarer unions have struck a new collective bargaining agreement (CBA) which…
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Roos returns to ship finance with Blystad backed Maritime Asset Partners
Maritime Asset Partners has been launched by a host of well-known names mainly in Norwegian shipping and offshore circles as…
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Maersk family to take greater control of the group
As the dust settles on tricky annual results and the announcement of a new chairman of the group, it has…
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European politicians vote to add shipping to regional emissions trading system
MEPs yesterday backed reforms of the EU emissions trading system (ETS) that will, for the first time anywhere, regulate international…
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DB Schenker buys into American online trucking startup
The ongoing digitisation of the freight transport industry continues with news German logistics giant DB Schenker has bought a $25m…
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Vega Reederei facing fine for failing to comply with US ballast water rules
German shipping firm Vega Reederei GmbH & Co. KG is facing possible civil penalties for failing to comply with US…
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Economou takes Shell VLCC
George Economou’s TMS Tankers has been linked by brokers as the buyer of the 2011-built VLCC. TMS is thought to…
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Alibaba signs with CMA CGM
Chinese online retail giant Alibaba continues to make closer ties with the top names in container shipping. Following on from…
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