Europe
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IUMI details uncertain, challenging environment for marine insurance
The International Union of Marine Insurance (IUMI), unveiling its annual statistical report on the marine insurance market at a conference…
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Deutsche Offshore Consult secures extension from Ocean Breeze Energy
Deutsche Offshore Consult (DOC) has secured a contract extension from Ocean Breeze Energy to manage vessels working at the Bard…
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Angelicoussis cape fixed on timecharter as spot rates climb
Angelicoussis-led Anangel Maritime has fixed one of its capesize bulk carriers on a four- to eight-month timecharter while rates in…
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Thorco and United Heavy Lift launch new joint venture
Thorco and United Heavy Lift are to combine their fleets to form Thorco Projects, a new company that aims to…
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Olympic Ship extends standstill agreement
Olympic Ship has extended its standstill agreement with its secured lenders by a further two weeks. The Oslo-listed operator of…
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Hansa Treuhand seeks court protection for 15 boxships
The Hamburg shipping community has reacted with shock and sadness that one of the city’s erstwhile maritime champions Hermann Ebel…
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10-year-old boxship sent for scrap
The becomes the youngest boxship to date this year to have been sent for scrap. Just 10-years-old, the 4,546 teu…
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BW LPG builds Aurora stake
BW LPG has continued its steady buildup in the stakeholding of rival Aurora LPG. On Friday, BW LPG came in…
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Livanos in tanker newbuild spree
Greece’s Livanos Group is swooping for a series of tanker newbuilds in South Korea and Japan. The company, via subsidiary…
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Avance Gas offloads LNG carrier
Oslo-listed Avance Gas Holding has announced an agreement for the sale of its LNG carrier Gaea. While the buyer has…
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Chang Myung sells another capesize, ER Schiffahrt sales rumoured too
The week has closed with another capesize being sold, and negotiations for three more sales are ongoing, brokers tell Splash.…
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Maersk Supply Service lands 10-vessel project in the North Sea
Maersk Supply Service has won a subsea decommissioning contract from Maersk Oil UK in which 10 of its vessels will…
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Navig8 Chemical Tankers banks $74m from sale and leaseback deal
Navig8 Chemical Tankers has announced a sale and leaseback deal with Japan’s SBI Holdings for two 25,000 dwt stainless steel…
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Aker Solutions wins contract to increase gas processing on Statoil platform
Statoil has exercised its contractual option for engineering, procurement, construction and installation (EPCI) of a gas module that will increase…
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Martek Marine: 20% of all ships make medical diversions every year
One in five ships diverts every year due to a medical problem onboard Each diversion costs an average of $180,000,…
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Are we entering peak bankruptcy season?
Are we entering peak bankruptcy time now for shipping? I’d argue that the coming six to 12 months will see…
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German banks carrying a quarter of all shipping loans: Dagfinn Lunde
Splash’s finance columnist Dagfinn Lunde has told Reuters that German banks account for nearly one quarter of the world’s $400bn…
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Noble Corporation finds work for stacked jackup, extends with Hess at huge discount
UK headquartered offshore driller Noble Corporation has announced a new contract for one of its jackup rigs as well as…
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Kvaerner wins semi-submersible upgrade work
Norwegian offshore fabricator Kvaerner has had a framework agreement put into action with Statoil for the upgrading of the semi-submersible…
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KNOT Offshore Partners time charter extended by Statoil
Shuttle tanker limited partnership KNOT Offshore Partners has announced that Statoil has declared the final two options for the time…
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