Region
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Donald Trump appoints Michael Khouri as FMC chair
President Donald Trump has appointed Michael Khouri as chairman of the five-member Federal Maritime Commission. Khouri, a 45-year veteran of the…
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Project Cargo Weekly: No slave to advertisers
The moment when he was asked to place an advert in return for some editorial by a heavylift title set…
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Japanese shipping majors in freefall
On a dire day for Japan’s big three shipping lines, Nippon Yusen Kaisha (NYK) revealed a record loss of just…
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Restructuring at Fredriksen’s Seadrill proving complex
John Fredriksen’s rig outfit Seadrill has admitted restructuring is proving more complex than originally forecast and stakeholders face noticeable losses.…
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Bibby demands arbitration with Emas Chiyoda Subsea over $18m contracts
UK-based offshore operator Bibby Offshore has filed a case in the Texas Southern District Court against Emas Chiyoda Subsea, the…
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Toisa provides more details on Chapter 11 filing
More details have been released about the Chapter 11 filing in New York by Toisa, a shipowning vehicle controlled by…
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Varun closes in on $420m Chinese VLGC series
India’s Varun Shipping has signed a letter of intent at China’s Jiangnan Shipyard for a massive order of VLGCs. Brokers…
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Indian oil spill clean-up efforts criticised
Indian authorities are coming under increasing criticism for their lack of oil spill clean-up infrastructure. In the wake up of…
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Shokuyu Tanker sells chemical tanker to Thai firm
The low key Japanese oufit Shokuyu Tanker has sold the eight-year-old Miura Shipbuilding-built, 13,000 dwt chemical tanker for $13m to…
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Diana Shipping charters another capesize to Koch
Greek dry bulk owner Diana Shipping has chartered another of its bulkers out to Singapore’s Koch Shipping. The 2011-built capesize…
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Why Singapore and friends cannot ignore the new Silk Road
At the recent briefing looking at China’s One Belt One Road strategy and Myanmar opportunities, held in Yangon, attendance was…
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Sentek Marine takes elderly VLCC for $16.5m
Sentek Marine, best known as a Singapore bunker supplier, has bought its second VLCC. Brokers report it has paid $16.5m…
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Repsol Sinopec exercises further option on Prosafe accommodation vessel
Repsol Sinopec Resources UK has extended the charter of Prosafe’s advanced accommodation vessel by a total of 17 days. Safe…
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Frontline moves to bolster fleet with DHT acquisition
John Fredriksen’s Frontline is proposing to take over US-listed tanker owner DHT Holdings in what DHT says is a non-binding,…
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Gregory Callimanopulos’s Toisa files for Chapter 11 in New York
Toisa, a shipowning vehicle controlled by colourful Greek magnate Gregory Callimanopulos, has sought bankruptcy protection in New York. The Chapter…
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BW VLGC and product tanker collide off Chennai
Fuel has washed up on Indian shores following the collision of the VLGC and product tanker Dawn Kanchipuram in the…
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Debut of DP World Limassol draws immediate flak
Terminal operator DP World has come in for immediate flak on taking over the Cypriot port of Limassol this weekend.…
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Pacific Basin offloads supramax
Hong Kong’s largest shipowner by fleet size has offloaded a middle-aged supramax. Brokers report Greece’s Vulcanus Technical has paid $4.9m…
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Shipping Corp of India selects Greek suezmax
Shipping Corporation of India (SCI) is in the market for suezmaxes and has sealed its first deal of the year.…
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Fred Cheng buys second cape
Best known as a tanker tycoon Fred Cheng has decided to focus on capesizes in his initial fleet buildup. Lion…
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