Region
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Winson bags cheap vintage VLCC
DS Tankers has sold its 1999-built VLCC to Winson Oil for $16.5m. Clarkson Research notes in its most recent weekly…
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Sinopacific Offshore confident of emerging from restructuring
Sinopacific Offshore & Engineering, a subsidiary yard of Sinopacific Shipbuilding, is optimistic about the ongoing restructuring process of the shipyard.…
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USCG airlifts ailing crewman from MOL chemical tanker in Gulf of Mexico
The US Coast Guard (USCG) medevaced a crewman from a chemical tanker in the Gulf of Mexico after the man…
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DOF Subsea abandons IPO plans
Norwegian offshore vessel owner DOF has abandoned its plans to spin off DOF Subsea, with shareholders deciding it would be…
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DFDS doubles up on order at Jinling Shipyard
Danish owner DFDS has ordered an additional two newbuild roro freight ships at China’s Jinling Shipyard. The orders adds to…
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Zhenghe Shipbuilding seeks new investors
Financially troubled Zhejiang Zhenghe Shipbuilding, the shipbuilding subsidiary of Qingdao Zhenghe Shipping, is still making efforts to restructure the yard…
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NYK Line boxship slams into side of US destroyer, seven sailors missing
Seven US sailors are missing after the a US Navy destroyer collided with a 2,900 teu box ship around 56 nm off…
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Murphy Oil contracts Noble drillship for Gulf of Mexico work
Arkansas-based oil and gas exploration firm Murphy Oil has stepped in to contract Noble Corporation’s ultra deep-water drillship in July.…
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ExxonMobil gives green light to Liza oilfield development offshore Guyana
ExxonMobil on Friday announced it has made a final investment decision (FID) and will go ahead with developing the Liza…
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LA and Long Beach brace for another truckers strike
The ports of Long Beach and Los Angeles are bracing for yet another truckers strike on Monday. The Los Angeles…
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Wärtsilä and China’s coming maritime digital transformation
Chief correspondent Jason Jiang has been in Shanghai all week on a press tour with Wärtsilä. Below are his key…
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Asian Exim banks throwing good money after bad
Throwing good money after bad – that does seem to be the modus operandi of arguably the two most powerful…
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Odfjell takes five chemical resales for $200m and forms new pool with Georgiopoulos
Odfjell has signed a term sheet with Peter Georgiopoulos ‘s Chemical Transportation Group (CTG), to buy the last five of…
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Cosco diverting cargo to less environmentally stringent Long Beach, LA port boss claims
Cosco Shipping is diverting cargo away from the Port of Los Angeles to nearby rival Long Beach because of more…
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CGG files for bankruptcy protection
French geophysical services company CGG has moved to implement a pre-arranged restructuring, with the company filing for Sauvegarde (safeguard) proceedings…
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Maersk Oil IPO on the cards
Denmark’s A.P. Moller-Maersk will list its oil business in the coming months but has ditched plans to list other smaller…
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Qatar fixes regular direct calls with India
Qatar continues to strike new shipping arrangements in the wake of its sudden diplomatic isolation. With many Arab countries cutting…
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Regulations needed because of ‘bad apples’ within the industry: Sabrina Chao
Sabrina Chao has hit out at “bad apples” within shipping that need to be targeted by legislation. Interviewed for the…
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Statoil and Astomos studying the potential of LPG as a marine fuel
Could LPG make a late bid in the running as the next marine fuel? Two very big names in the…
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Korean government in dialogue with Hyundai Heavy to keep Gunsan yard open
The Korean government is looking into the closure of Hyundai Heavy’s Gunsan yard, trying to find a solution to keep…
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