Region
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Cosco argues OOCL bid is not overpriced
The $6.3bn Cosco Shipping has bid to take over Orient Overseas Container Line (OOCL) and the assets of its parent…
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Emas Offshore commences restructuring as white knight emerges
Emas Offshore, part of Singapore’s Ezra Holdings, has filed an application to the High Court of Singapore to pave the…
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PSV off Scotland driven remotely from San Diego
The dawn of the drone shipping era has come a step closer. Finnish technology group Wärtsilä has revealed details of…
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Ceylon Shipping says it was ripped off by China when procuring ultramax pair
An investigation in Sri Lanka has concluded the nation’s state-run shipping line was ripped off by the Chinese in procuring…
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Columbia and Marlow complete shipmanagement merger
Columbia Shipmanagement and Marlow Navigation have today announced confirmation of regulatory approval allowing their merger, first reported last November. “Columbia…
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Some Texas ports reopen with restrictions, while Louisiana refineries continue operating despite Harvey
The US Coast Guard (USCG) has approved the reopening of some ports in Texas following their closure because of Tropical…
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Sembcorp Marine terminates Petroleum Teknologi jackup pair
Singapore’s Sembcorp Marine has announced that its subsidiary yard PPL Shipyard has terminated contracts with Malaysia’s Perisai Petroleum Teknologi for…
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Chang Myung finally finds a buyer for seven-year-old cape
South Korea’s Chang Myung Shipping has finally sold the seven-year-old cape having had the 179,000 dwt bulker in the shop…
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HMM confirms orders for up to 10 VLCCs and two boxships
A year to the day since compatriot Hanjin Shipping went at its expense, South Korea’s Hyundai Merchant Marine (HMM) announced…
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Worker strike ends at Damen Galati
The worker strike at Damen Galati Shipyard ended yesterday after the yard’s latest offer was accepted by workers. The strike…
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Court fines ex-Petrobras officials more than $80m over purchase of Texas refinery
Brazil’s Court of Accounts has fined two former officials of scandal-plagued state oil firm Petrobras more than $80m in total…
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Eiffage in negotiations to take over Saipem’s maritime works activities
Civil engineering construction firm Eiffage has entered into exclusive negotiations with a view to acquire Saipem’s maritime works activities, the…
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Odfjell Drilling sells Robotic Drilling Systems stake to Nabors Industries
Odfjell Drilling has entered into an agreement to sell its 37% stake in Robotic Drilling Systems after the robotics company…
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Southeast Asian remote inspection company formed
Singapore-based M3 Marine Group and Indonesia’s ROV Inspeksi are collaborating to form a new remote inspection company. The new company,…
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Aker Solutions awarded support contract by Shell
Aker Solutions has secured a framework agreement from Shell to provide brownfield modifications services and maintenance support for the Nyhamna…
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Cosco Shipping orders three pulp carriers at Cosco Dalian Shipyard
Cosco Shipping Specialized Carriers has approved a plan to order two 62,000 dwt pulp carriers, with an option to construct…
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Berlin unveils funding package for LNG retrofits
Germany’s shipyards and marine engineers have welcomed the federal government’s plans to help with funding retrofits for ships to use…
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CGG secures Mozambique offshore survey contract
French offshore survey specialist CGG has signed a multi-client data agreement with Mozambique’s Instituto Nacional de Petroleo (INP) following a…
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Saipem wins new orders in Africa and North Europe worth $370m
Italy’s Saipem has announced three new contracts in Africa and North Europe with a total value of approximately $370m. The Milan-based…
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DryShips slapped with SEC subpoena
George Economou’s DryShips has revealed in its second quarter results that it has received a subpoena from the Securities and…
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