Europe
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Rickmers Maritime investors hit back with further legal action
Rickmers Trust Management, the trustee-manager of Rickmers Maritime, is facing legal action from investors who want to force the ailing…
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Gearbulk and Grieg Star ‘cornering the market’ with new JV
Gearbulk and Grieg Star are trying to “corner the market” in the open hatch/gantry sector, analysts at online ship pricing…
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Subsea 7 wins EPCI contract offshore Egypt
UK-headquartered subsea specialist Subsea 7 has been awarded a contract by Pharaonic, for work offshore Egypt in the Atoll field.…
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Transocean raises $600m for new drillship
Offshore driller Transocean has closed a $600m note offering, where proceeds will be used to partially finance newbuild drillship .…
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UK financial regulator approves Baltic Exchange sale
The UK’s Financial Conduct Authority (FCA) has approved Singapore Exchange’s $107m takeover of London’s Baltic Exchange allowing for the deal…
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‘LNG is the fuel of the future’: CMA CGM
One of the world’s largest containerlines has taken another step in pursuing LNG as a key fuel of the future…
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Transas boss calls for regulatory compliance for Big Data connectivity
Frank Coles, Transas CEO, has called for the International Maritime Organisation (IMO) to set standards of compliance for the communication…
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Gearbulk and Grieg Star combine forces to create 130-ship fleet
Gearbulk and Grieg Star are joining forces to create a giant 130-ship strong dry bulk fleet. The JV will be…
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Eimskip acquires major stake in Dutch reefer logistics company
Icelandic owner Eimskip has announced that it has acquired 90% of the forwarding company Extraco Internationale Expeditie in the Netherlands.…
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ODE secures Dong Energy contract
UK company Offshore Design Engineering (ODE), a subsidiary DORIS Group, has entered into an engineering services and consultancy framework agreement…
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Flinter pushed to the edge of bankruptcy by ING
Flinter Group, one of the top ten largest shipowners in the Netherlands, is on the ropes. The multipurpose shipowner has…
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2013-built Chinese panamax fetches $18.5m
Qingdao Lizhou, a small Chinese dry buk entity, has sold a three-year old panamax to Germany’s Intermare Transport. The German…
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Rickmers Group moves to separate itself from trust as D-day looms
Rickmers Group has moved to separate itself from Rickmers Trust Management just two weeks before investors vote to decide if…
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CMB turns bearish on panamax boxships, sends 12-year-old twins for scrap
Belgium’s Bocimar has turned bearish about prospects for panamax container vessels, becoming the latest owner to scrap 12-year-old boxships. The…
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French sugar trader creates stir with handy quartet swoop
Hamburg Bulk Carriers is selling off a sizeable part of its fleet to France’s Sucden Group. In total HBC has…
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Kyklades bags Metrostar VLCC bargains
Brokers confirm Greece’s Kyklades Maritime has taken the last two VLCCs on order from Metrostar Management. Kyklades, owned by Aristides…
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Paragon Offshore gets North Sea jackup deal
Houston-headquartered offshore driller Paragon Offshore has announced a new contract for jackup rig in its latest fleet status report. The rig…
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Odfjell sells stake in Oman tank terminal
Norwegian company Odfjell has announced that its tanker terminal joint venture Odfjell Terminals, has entered into an agreement to sell…
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Aker Solutions secures oil terminal contract from Statoil
Aker Solutions has won a contract from Statoil to build the pipeline facilities, modifications and tie-ins needed at the Mongstad…
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APM Terminals sells stake in Italy facility to Chinese partners
Cosco Shipping Ports and Qingdao Port International Development (Hong Kong) have purchased minority stake in a joint venture led by…
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