Region
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PDVSA settles lawsuit with Sinopec subsidiary in US court
Venezuela’s troubled state oil firm PDVSA has settled a lawsuit against it by China’s state oil firm Sinopec, according to…
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Contracts pour in for SolstadFarstad
Busy SolstadFarstad has entered a contract for the PSV, , with Aker BP for a period of three months firm…
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Interior postpones expected announcement of Atlantic offshore drilling
The administration of US President Donald Trump is delaying an expected announcement about its plans for offshore drilling, according to…
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Maersk Drilling jackup to be modified by Aker Solutions
Aker Solutions has won an order from Maersk Drilling to modify the production module on the jackup rig for the…
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HMM launches block train services to Europe via China
Hyundai Merchant Marine (HMM) will launch a block train service to Europe via the Trans China Railway (TCR) from South…
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Declaration on shipping emissions signed by 35 nations in Paris
Shipping proved a central plank of discussion at the Emmanuel Macron convened One Planet climate summit in Paris yesterday. The…
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Goldman Sachs appointed to advise on sale of DVB
Germany’s DZ Bank is pushing ahead once again with plans to sell its DVB transport finance arm, Reuters is reporting.…
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Medlog buys its largest ship
Medlog, MSC’s dedicated Turkish subsidiary, has taken on its largest boxship to date. The 2,207 teu will be deployed on…
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LGR di Navigazione exits MR segment, eyes gas
Naples-headquartered LGR di Navigazione is on the verge of selling the last two tankers in its fleet. Brokers report that…
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Production resumes at Tambar following fatal accident on Maersk jackup
Production started up again yesterday on the Tambar field following last week’s fatal accident on Maersk Drilling jackup rig . The…
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Viking Supply Ships gets support for financial restructuring
Swedish offshore vessel owner Viking Supply Ships has obtained support for a restructuring proposal from all of its senior lenders,…
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Final El Faro report lashes both captain and owner
The US National Transportation Safety Board (NTSB) on Tuesday released its findings about the 2015 sinking of cargo ship with…
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US crude oil exports now more important to shipping than US product exports
The United States government lifted its restrictive policy on crude oil exports in December 2015. In September and October 2017,…
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Concordia adds product tanker on charter, extends another
Sweden’s Concordia Maritime has sealed a deal to charter in an IMO2/3 class MR tanker while also extending the charter…
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Solstad Farstad offloads anchor handler
Solstad Farstad subsidiary Farstad Supply has sold 1993-built anchor handling tug supply vessel . The vessel, which is currently laid…
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International Transport Forum urges Jakarta to ease cabotage laws
If Indonesian authorities want to see their dreams of more mainline box calls become reality cabotage laws will need changing,…
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Pemex blames oil prices and competition for cancelled deepwater auction
Mexico’s state oil firm Pemex on Monday said last week’s cancellation of a planned tender for a joint venture in…
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US poised to open up Atlantic waters for drilling
US authorities are on the verge of announcing a plan to open up Atlantic waters to oil drilling, according to…
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Nobu Su takes to YouTube to air claims of money laundering
Nobu Su, the fallen Taiwanese shipowner turned serial maritime inventor, has uploaded a short documentary to YouTube, available below, in…
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FrontMarine orders eight ultramaxes at New Times
Cyprus’s FrontMarine is in for eight 63,000 dwt bulkers at New Times Shipbuilding with brokers Allied reporting a cheap price…
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