Region
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Höegh Autoliners sells off 29-year-old car carrier for recycling
Norergian owner Höegh Autoliners has announced that it has sold the pure car and truck carrier for recycling. The 29-year-old…
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Cosco roars back with massive new shipping fund
After years in Beijing’s bad books, the world’s largest shipping conglomerate made its intent clear today to get back on…
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Frontline accuses DHT board of ‘misleading’ its shareholders
In the ongoing, very public tit-for-tat between the tanker titans Frontline and DHT Robert Macleod has fired off another angry…
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Wells Fargo report highlights weak corporate governance at DryShips
George Economou’s widely criticised series of stock manoeuvres at DryShips has earned him bottom spot on an annual poll of…
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Eidesvik Offshore warns of potential financial restructuring
The protracted offshore slump could see another Norwegian OSV owner forced into restructuring. Eidesvik Offshore managed to improve its quarterly…
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Secondhand ship prices fall to lowest level since 2000
Five-year-old ship prices are back to the same level of spring 2000, according to the latest market overview recently presented…
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Zodiac makes VLCC play with Wah Kwong acquisition
Zodiac Maritime has made a foray into the VLCC sector. The diverse fleet controlled by Eyal Ofer had until now…
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Pacific Basin adds another Japanese handy
Hong Kong-listed handy specialist Pacific Basin continues to show trust in the market. Last month Pacific Basin took its fleet…
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Boskalis slashes 230 head office jobs
Dutch dredging and services company Royal Boskalis Westminster has decided to cut around 230 jobs from its head office in…
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Charter dispute between POSH and Makamin heats up
A dispute between Singapore-listed PACC Offshore Services (POSH) subsidiary POSH Semco and Saudi Arabia’s Makamin Offshore continues to escalate. Last…
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Diana Shipping picks up new charters at improved rates
Greek dry bulk owner Diana Shipping has entered into two time charter agreements worth over $8m. Diana has fixed 2007-built…
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Neda Maritime sells 15-year-old VLCC to Minerva Marine
Greek owner Neda Maritime has sold 309,300dwt VLCC to compatriot owner Minerva Marine, having put the vessel up for sale…
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Rowan to buy two jackup rigs from Petrobras
Houston-headquartered offshore drilling firm Rowan Companies has reached a provisional agreement to buy two jackup rigs from Brazil’s state oil giant…
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Saudi Aramco awards platform contract to NPCC
Saudi Aramco has awarded a contract to UAE’s National Petroleum Construction Company (NPCC) for the construction of four offshore platforms…
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US Congressmen ask President Trump to back away from offshore drilling
Dozens of US Congressmen have signed a letter calling on President Donald Trump to think again about his recent directives…
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BC’s Chamber of Shipping slams planned ban on oil tankers
The Chamber of Shipping of British Columbia said it is against the Canadian federal government’s planned ban on oil tankers…
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Topaz wins European work for MPSV
UAE-based offshore support vessel company Topaz Energy and Marine has won a charter, commencing today, for its multi-purpose supply vessel…
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Polaris reaches compensation agreement with bereaved families as Stellar Daisy search ends
South Korea’s Polaris Shipping has fixed a compensation agreement with the families of most of the missing crew from the…
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Cosco and Lianyungang Port jointly invest in Kazakhstani economic zone
China Cosco Shipping Group and Lianyungang Port Group today have jointly signed an investment agreement with railway company Kazakhstan Temir…
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UK national appeals to Theresa May to free him from Indian jail ‘nightmare’
Billy Irving, one of the men incarcerated in an Indian jail for the past three and a half years for…
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