Europe
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Diana Shipping seals new charters and newbuild price cut
Diana Shipping says it has negotiated amendments to contracts with China Shipbuilding Trading Company and Jiangnan Shipyard to reduce the…
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Petrobras to sell Total $2.2bn of assets including stakes in Subsalt oilfields
Brazil’s state oil firm Petrobras announced on Wednesday it has made a deal with Total to sell the French supermajor…
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Gary Vogel joins Ship Finance International board
John Fredriksen’s Ship Finance International Limited has appointed Gary Vogel, the current chief executive of Eagle Bulk Shipping, to its…
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Maritime & Merchant Bank launches
Maritime & Merchant Bank (M&M), a niche Norwegian bank for the shipping and offshore sector, opened its doors for business…
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Aberdeen harbour expansion agreed
The Scottish port of Aberdeen is positioning itself to become a leading European hub for offshore decommissioning, a business that…
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Figenschou tapped to lead Aurora LPG
Aurora LPG, fresh from being bought out by BW LPG, has appointed Aage Figenschou as its new CEO with immediate…
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Empire Bulkers takes kamsarmax
Low profile Greek owner Empire Bulkers has snapped up the six-year-old, Korean-built kamsarmax bulker from compatriot owner Efploia Shipping. Brokers…
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ExxonMobil awards Liza FPSO contract to SBM Offshore
ExxonMobil has awarded an FPSO contract for the Liza development in Guyana to SBM Offshore. Under the contract, SBM Offshore…
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Farstad stops paying interest to creditors
Farstad Shipping’s takeover by Siem, first announced on November 24, has yet to be finalised. As a result Farstad has…
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Fredriksen old boys’ club targets cheap drilling assets with ‘son of Seadrill’
A clutch of former confidantes of John Fredriksen have come together to make a big splash in the drilling sector.…
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EMAS Chiyoda Subsea buys time from Forland Shipping
Norway’s Forland Shipping, the owner of subsea vessel , has said it has reached a temporary agreement with EMAS Chiyoda…
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Torm adds to war chest with $130m loan
Danish tanker owner Torm has sealed financing of up to $130m with ABN AMRO, Danske Bank, DVB and ING. Torm…
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Norden plans dry bulk growth
Norden has outlined plans to grow more as an operator rather than an owner in the dry bulk market. In…
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Rash of VLCC sales
China’s HNA Group has sold the 2016-built VLCC for $60m to New Shipping. Built at Jinhai Heavy Industries in China…
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Maran Gas Maritime orders FSRU at DSME
Maran Gas Maritime, a unit of Greek owner Angelicoussis Shipping Group, has signed a shipbuilding contract with financially troubled South…
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Evalend in for trio of kamsarmax resales
Greece’s Evalend Shipping has picked up a trio of Chinese bulker resales. Having been inspected by over ten interested parties,…
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Atlantic Offshore lands ERRV contract with Repsol Sinopec
Norway’s Atlantic Offshore has secured a contract for emergency response and rescue vessel with Repsol Sinopec Resources UK. The three-year…
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Prosafe pockets $1.7m from charter extension
Aker BP, formerly known as Det norske oljeselskap, has extended the charter of Prosafe’s semi-submersible accommodation vessel at the Ivar…
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EMAS Chiyoda Subsea defaults on Forland Shipping charter
Embattled Ezra Holdings faces another tense fight as it stands accused of failing to pay up for a charter of…
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‘Quality revolution’ among Greek fleets continues
The annual report into the Greek fleet carried by Petrofin Research shows the world’s top shipowning nation has grown this…
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