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Pillarstone goes all in on RBD Armatori’s rescue plan
KKR-controlled turnaround fund Pillarstone has decided to go all in for RBD Armatori, the Naples-based shipping company whose non-performing loans…
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Hartmann finds buyers for AHTS fleet
Breakwater Capital and Hayfin Capital Management have bought into 11 anchor handling tug supply vessels from Hartmann Group, which has…
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ICS ‘deeply concerned’ by Ottawa’s bid to ban tankers off northern British Columbia
The Canadian Parliament is giving consideration to legislation that could ban the shipment of crude oil in the waters of…
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Scorpio Bulkers secures funding for Golden Ocean ultramaxes
Emanuele Lauro-led Scorpio Bulkers has sealed a loan facility of up to $85.5m from Nordea Bank and Skandinaviska Enskilda Banken,…
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Thoresen Shipping confirms Songa Bulk supramax acquisition
Thai owner Thoresen Shipping has announced the acquisition of 58,700 dwt supramax bulker Songa Marlin from Songa Bulk. Thoresen Shipping…
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Republican politicians plan to open up Arctic and Atlantic waters to drilling by using budgetary tactic
Republicans in the US Congress are planning to use congressional budget rules to let them pass policy that will open…
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Pemex delays restart of Salina Cruz refinery because of aftershocks
Pemex, Mexico’s state oil firm, said on Tuesday it is delaying the reopening of its refinery at Salina Cruz because…
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Subsea 7 buys out OCV stake from Solstad Farstad
Norway’s Subsea 7 has announced an agreement to acquire the remaining 50% shareholding in joint ventures Normand Oceanic and Normand…
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GC Rieber Shipping awarded option for survey vessel
British Antarctic Survey (BAS), a unit of the Natural Environment Research Council (NERC), has declared its fifth and final option…
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Trøim sets sights on dry bulk with launch of 2020 Bulkers
Tor Olav Trøim, once John Fredriksen’s right hand man, has created a dry bulk vehicle, placing orders for newcastlemaxes in…
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Hanjin Group chairman dodges arrest warrant
Corruption charges against Cho Yang-ho, the chairman of South Korea’s Hanjin Group, have been put on ice. Cho had been…
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MSC shaves $26m off each of its five 22k teu ships ordered at Samsung Heavy
The price of the six 22,000 teu containerships that MSC ordered at Samsung Heavy Industries (SHI) in late September has…
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Shesh Venkatraman: The next chapter
News yesterday that Shesh Venkatraman will be departing his position of chief executive officer at Singapore offshore operator Miclyn Express…
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Plight of Malaviya Seven crew continues as auctioneer withdraws ship from sale
A solitary lowball bid for a detained OSV in Aberdeen yesterday saw an auctioneer cancel the ship’s sale, in the…
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Transocean drillship wins new $106m BHP contract
Transocean has clinched a new contract with BHP Billiton worth $106m for ultra-deepwater drillship . The new contract commences in…
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Subsea 7 ends Malaysian JV
Subsea 7 and Malaysia’s Sapura Energy have brought their joint venture, SapuraAcergy, to a close. SapuraAcergy’s heavylift and pipelay vessel …
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China’s Belt Road Initiative and supply chains in Asia
The Belt Road Initiative (BRI) is an industry wide phenomenon that all in the logistics and supply chain sector needs…
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Chinese consortium snaps up 70% stake in proposed Myanmar port project
A Chinese consortium led by CITIC Group has agreed to take a 70% stake in a deepwater sea port project…
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Wood awarded FEED contract for offshore gas platform
UK offshore engineering specialist Wood, formed by Wood Group’s acquisition of Amec Foster Wheeler, has secured a $12m front-end engineering…
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Pasha Hawaii providing vessel to help with Puerto Rico relief
Pasha Hawaii shipping line, which usually plies routes between the islands and the US mainland, is providing one of its…
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