Europe
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Vogemann launches OPEX guarantee scheme
Germany’s H. Vogemann shipping group has launched an operating expenditure (OPEX) guarantee scheme for owners of dry bulk and multipurpose…
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Shipping welcomes the Irelandmax, the latest word in green technology
There’s a new word to shipping’s ever expanding lexicon – the Irelandmax. Needless to say, these ships are promoted as…
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Golden Ocean delays six Chinese cape deliveries
John Fredriksen’s Golden Ocean, in releasing its interims today, has revealed it postponed delivery of six capesizes by seven to…
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Höegh LNG speeds up FSRU conversion project
Höegh LNG as signed agreements with Wärtsila Oil and Gas and Moss Maritime for its first FSRU conversion project, including…
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Siem Shipping pushes ahead with Oslo delisting
Siem Shipping is pushing ahead with its delisting, first mooted in May. Today it applied to the Oslo Stock Exchange…
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D’Amato di Navigazione moves a step closer to exiting shipowning
Naples-based D’Amato di Navigazione looks like it is ready to get rid of its last two ships in its fleet.…
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Monjasa secures $80m credit facility
Oil and shipping group Monjasa has been granted a credit facility of $80m by French bank Société Générale which it…
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Maersk Supply sells two anchor handlers to Karadeniz
Maersk Supply has sold two of its anchor handling tug supply (AHTS) vessels to Karadeniz of Turkey. The sale price…
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World’s largest oil tanker booked on period charter
One of the world’s largest crude tankers by tonnage has been reported booked on period charter, according to brokers’ reports.…
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TEN’s latest tanker starts timecharter
A brand-new product tanker has been delivered to Tsakos Energy Navigation (TEN) from South Korea’s Sungdong shipyard and will immediately…
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Wilhelmsen targets offshore with Norwegian private equity tie-up
Some of the biggest names in Norwegian industry are battling it out for bargains in the nation’s distressed offshore sector.…
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Giant CMA CGM boxship suffers grounding off Southampton
One of the world’s largest boxships is being inspected for any damages following a brief grounding incident in the UK…
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Vafias pockets $7m from quick dry bulk asset play
Nicholas Vafias has completed a stealthy dry bulk asset play. The Vafias family controlled company had made a couple of…
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Iino Kaiun offloads panamax bulker for $9.4m
The Japanese have been the most active owners this year in terms of selling off dry bulk tonnage amid the…
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ONEX takes Great White aframax for $13m
A 1999-built aframax belonging to Prime Marine has finally been sold after months in the shop window. The coated 104,000…
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Baltic and SGX approve takeover agreement
The Baltic Exchange and the Singapore Exchange (SGX) have finalised the terms of the implementation agreement, with which SGX’s proposed takeover…
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Nord/LB sells shipping portfolio worth $1.5bn
Nord/LB Norddeutsche Landesbank has agreed to sell a portfolio of its performing and non-performing shipping loans originated by Nord/LB to KKR…
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Pemex cancels Seadrill contract
Mexico’s state oil and gas company Pemex has cancelled its drilling contract with Seadrill’s ultra-deepwater semi-submersible drilling rig , effective…
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Hyundai Heavy and Fred. Olsen Energy come to agreement over cancelled rig
Fred. Olsen Energy has finally reached a multi-million dollar agreement with South Korean shipyard Hyundai Heavy Industries (HHI) over a…
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Transocean Winner set for refloating tonight
Smit Salvage will use a high tide tonight to try and refloat the , a semi-submersible rig that ran aground…
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