Europe
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McDermott to take remaining stake in pipe-laying vessel North Ocean 105
Houston-based oil industry service company McDermott International is to take complete ownership of vessel-owning firm North Ocean 105 SA by…
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CMA CGM tipped to take over OOCL
France’s CMA CGM, fresh from gobbling up Neptune Orient Lines (NOL), is being widely tipped to be the suitor to…
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PB Tankers: Bound for Asia and closer relations with the Russian partners
Headquartered in Italy, with partners in Russia and new plans to increase business in Asia. That’s the Palermo-based Barbaro Group…
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Greeks fined for oily discharge in Wilmington
Two Greek shipping companies were sentenced yesterday to pay penalties totalling $2.7m after being convicted for obstructing justice, violating the…
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Kassian Maritime acquires resale bulker from Jinhai Heavy Industry
Greek owner Kassian Maritime has acquired an 82,000dwt bulk carrier from HNA-affiliated yard Jinhai Heavy Industry. The purchase price for…
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Ensco secures drilling rig contract from Ithaca Energy
UK energy firm Ithaca Energy has announced that the joint venture for its Greater Stella Area operations has contracted Ensco…
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Fugro secures Australian subsea contract from INPEX
Dutch offshore services firm Fugro has secured a contract from Japan’s INPEX Operations Australia for subsea services to be executed…
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German repair yards join forces
As of February 1, German repair yards comprising German Dry Docks (GDD), BREDO Dockgesellschaft (BREDO) and Mützelfeldwerft will form a…
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DryShips shares sink on concerns over new gas deals
Shares in George Economou’s DryShips continue to set new 52-week lows as investors desert the company in big numbers on the…
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Dry bulk stocks best performers in 2017
Dry bulk equities have recorded the largest gains of all the shipping segments over the past month, indicating, what Alphabulk…
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Germans hit out at Asian governments intervening to save maritime firms
The German government has adopted a maritime agenda through to 2025, a move that has been welcomed by the nation’s…
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Hammonia Grenada sets new record as youngest boxship heading for scrap
A new unfortunate record has been set in container shipping with news that the seven-year-old panamax has been sent for…
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Empire Bulkers pays $8m for panamax
One of 2016’s busiest bulk sellers has sold a ship to one of the year’s busier buyers. Empire Bulkers of…
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Simon Møkster secures VBMS contract
Norway’s Simon Møkster Shipping has announced that it has signed a new contract with VBMS, a subsidiary of Dutch offshore…
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Pleiades Shipping takes two at Hyundai Mipo
After a dreadful 2016 South Korean yards have won more orders in the first 10 days of 2017 than it…
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Busy Andromeda seals suezmax deal
Broker sources say Monaco’s Andromeda Shipping has bought the 150,900 dwt, NKK-built for $12m from Greek owner Kyklades. The price…
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General cargo ship Ardita sold by Setramar to McKeil Work Boats
The 9-year-old general cargo ship has been sold by the Italian shipping company Armamento Setramar to McKeil Marine Group of…
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Maersk containership runs aground in Southern Italy
9,000 teu containership grounded early this morning while transiting in the Strait of Messina, Southern Italy. According to the local…
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Arkas adds four container newbuildings at Zhejiang Ouhua
Turkish shipping company Arkas has decided to increase its orderbook at the Chinese shipbuilder Zhejiang Ouhua with four more containerships.…
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Kitack Lim hits out at EU plans to reduce shipping emissions
IMO Secretary-General Kitack Lim has written to senior European officials expressing his concern that including shipping in the European Union’s…
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