Region
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HSH Nordbank dismisses Rickmers Maritime’s latest restructuring plan
HSH Nordbank has thrown out the latest Rickmers Maritime restructuring proposal. However, the German bank, which is the largest senior…
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ICBC terminates Emas Offshore charter, claims $194.5m against Ezra
Singapore’s offshore vessel operator Emas Offshore has announced that its subsidiary Lewek Champion Shipping has received a notice of termination…
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OOCL outlines battle plan for ‘turbulent times’
Orient Overseas (International) Limited (OOIL), the Hong Kong-listed parent of containerline OOCL, reported today its worst full year results since…
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CMA CGM says it has no immediate plans to order new ships, delays trio of deliveries
Announcing its full year results on Friday, France’s CMA CGM has said it has no immediate plans to order any…
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Stena Bulk takes full ownership of Stena Weco
Sweden’s Stena Bulk has moved to take full control of joint venture Stena Weco after agreeing with Weco Shipping to…
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Pacific Basin buys first ship since 2015
After a week of intense competition and bidding for the United Prestige kamsarmax owned by troubled Japanese owners United Ocean…
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Shocking report shows plight of stranded Indian crew
An 18-page harrowing report from Human Rights at Sea highlights the plight of another stranded crew. The Indian men working…
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Seadrill settles with Hyundai Samho over semi-sub cancellation
Offshore driller Seadrill has announced that it has reached a settlement agreement with Hyundai Samho Heavy Industries regarding the cancellation…
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DOF takes on ex-Farstad anchor handler
Norwegian offshore vessel operator DOF says it has entered into a management agreement with the new Norwegian owner of Farstad…
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Lomar Shipping exercises options at Yangzijiang
UK owner Lomar Shipping has signed shipbuilding contracts with China’s Yangzijiang Shipbuilding for the construction of two 1,800 teu feeder…
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Vinalines signs service contracts with Vinacomin
The Vietnam National Shipping Lines (Vinalines) has signed a strategic co-operation agreement with Vietnam National Coal – Mineral Industries Holding…
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UMW secures jackup contract from Vestigo
Malaysian offshore drilling contractor UMW Oil & Gas Corporation has received a letter of award from Vestigo Petroleum for the…
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Corozal container terminal tender expires with no bidders
The tender for a container terminal at Corozal to serve the Panama Canal has expired because no bids were received…
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US could be global LNG export leader by 2035
The US could become the world’s biggest supplier of liquefied natural gas (LNG) in less than 20 years according to…
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Anadarko makes gas find offshore Colombia
US oil and gas firm Anadarko Petroleum has made a discovery offshore Colombia with a gas find at the Purple…
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Santos Brasil loses ESA container contract at Port of Santos
Brazilian logistics firm Santos Brasil has announced the loss of a contract for work at the major port of Santos,…
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100,000 protest Scottish ship-to-ship oil transfers
A petition with more than 100,000 names has been handed to the Highland Council in Scotland arguing against plans to…
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Djibouti dubbed the ‘Shekou of East Africa’
Djibouti port, a strategically important nation located between the Red Sea and the Gulf of Aden, could be transformed into…
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Zhuhai Port raises $195m
Zhuhai Port Group has signed equity financing agreements with two state-run funds and raised a total of RMB1.35bn ($195m). In…
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China Shipping Industry official detained in corruption investigation
Yangzhou People’s Procuratorate has announced that it has detained Geng Xinhua, vice general manager of China Shipping Industry (Jiangsu), after…
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