Region
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SeaBird Exploration proposing debt restructuring deal
Offshore seismic specialist SeaBird Exploration says it will propose a debt restructuring deal to bondholders and creditors that will facilitate…
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Key boxship time charter index loses ground for the first time this year
The influential New ConTex Index provided by the Hamburg Shipbrokers’ Association has lost ground for the first time this year,…
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ICTSI quits Nigerian port project
International Container Terminal Services Inc (ICTSI) continues to prune its ports empire. Having already exited Brunei and Portland this year,…
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Shanghai Changhang Shipping to scrap heavy lift vessel
Shanghai Changhang Shipping, a subsidiary of Sinotrans & CSC, is going to send 20-year-old multi-purpose heavy lift vessel for scrap.…
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Euronav offloads elderly VLCC to New Shipping
Euronav has offloaded an elderly VLCC to Greek owner New Shipping. The 15-year-old fetched $21m. The elderly Belgium registered ship…
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Authorities raid Polaris Shipping headquarters
Authorities have raided the Seoul and Busan offices of under fire Polaris Shipping as part of investigations into the sinking of…
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Tribini Capital: New sectors on the horizon
Tribini Capital is on the hunt for more assets. The company, founded in Hong Kong 13 years ago, has conducted…
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Fire-struck MSC Daniela in China for repairs
, the giant boxship that caught fire eight weeks ago, is now in China for repairs. The 13,800 teu boxship…
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Reprieve for Sungdong as Kyklades comes knocking for up to seven aframaxes
Sungdong Shipbuilding has won its first order since December 2015, likely sparing it from oblivion. Greece’s Kyklades Maritime is linked…
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Rickmers Maritime completes initial sale of five vessels to Navios
Rickmers Maritime and Navios Maritime Partners have completed the sale of five containerships for a total of $59m as part…
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CMES integrates shipping assets of Sinotrans & CSC
China Merchants Energy Shipping (CMES) has announced that the company is planning to issue new shares to acquire major assets…
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MOL’s autonomous shipping research wins state backing
Mitsui OSK Lines’ (MOL) joint project with Mitsui Engineering & Shipbuilding on developing a technological concept for autonomous ocean transport…
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Icon Offshore secures AHTS contract from Shell
Malaysian OSV operator Icon Offshore has been awarded a contract by Shell to provide a single anchor handling tug supply…
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Diana Shipping fixes bulker pair
Diana Shipping has fixed two of its bulkers on time charter, generating around $4.76m based on the minimum time charter…
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London event discusses the disruptive future of shipbroking
The third edition of Smart Solutions event in London this week commenced with a heated discussion among IT providers and…
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Oceaneering secures 10-year ROV contract
Oceaneering International has announced that its subsidiary, Oceaneering Canada has entered into an agreement with a major international oil and…
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Port Everglades gets go-ahead for $437.5m expansion
Port Everglades in south Florida has received the green light from local commissioners in Broward County so it can begin…
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US Maritime Administration offers nearly $10m in grants for shipyards
The US Department of Transportation’s Maritime Administration (MARAD) has made available $9.8m in grants for eligible small shipyards. Grants will…
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Diana Containerships fixes vessel to MOL at improved rate
Greek owner Diana Containerships has fixed 2006-built post-panamax containership on time charter to Japan’s Mitsui O.S.K. Lines. The charter is…
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Singapore yards suffer 58% orderbook decline
Singaporean shipyards managed to bag just S$820m ($592m) in new orders last year, down dramatically from the S$4.9bn secured in…
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