Region
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Boxed in: SM’s launch hit by lack of available containers
In a severe case of supply chain horse and cart South Korea’s newest container operator, SM Line, might not have…
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Raffles Shipping orders six chemical tankers at Jinhai Heavy
Singapore’s Raffles Shipping International has signed shipbuilding contracts with HNA-affiliated Jinhai Heavy Industry for the construction of six 19,700dwt chemical…
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New Shipping takes modern VLCC for $60m
Following much speculation over the past few months, HNA Group has finally disposed of the modern VLCC for around $60m,…
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Price differential between Japanese and Chinese bulkers evident in recent resales
A resale panamax bulker with a 38 m wide beam design has fetched $25m in an off-market deal, Thrasyvoulos bought by Samos…
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Boskalis wins Duqm terminal contract
Royal Boskalis Westminster has been awarded an LOI from the port of Duqm in Oman for the engineering, design, procurement…
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Chartworld chases bulker trio
Greece’s Chartworld has roared back into action with a trio of acquisitions, making the most of the bargain secondhand prices…
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Diana Shipping wins new Koch charter and extension with Cargill
Diana Shipping has sealed a time charter contract with Singapore-based Koch Shipping for 2013-built capesize vessel . The charter is…
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Eidesvik secures new wind contract and charter extension
Norwegian offshore vessel operator Eidesvik has secured a contract from Siemens Wind Power for its service operations vessel . The…
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PaxOcean Zhoushan secures FSRU order from Jaya Samudra Karunia
Indonesia shipping company Jaya Samudra Karunia has placed an order at PaxOcean Zhoushan for the construction of a floating storage…
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Sostald Offshore gets CSV subcontract for Ichthys project
Norway’s Solstad Offshore has been awarded a subcontract from US firm McDermott for the provision of light construction vessel services…
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Wednesday D-Day for decision on Hanjin’s sale of stake in Long Beach terminal
A US federal bankruptcy judge hearing the case for Hanjin Shipping to sell its 54% stake in a terminal at…
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McDermott to take remaining stake in pipe-laying vessel North Ocean 105
Houston-based oil industry service company McDermott International is to take complete ownership of vessel-owning firm North Ocean 105 SA by…
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Exxon makes new deep-water oil finds offshore Guyana
ExxonMobil says it has hit oil at its ultra-deep-water Payara-1 well offshore Guyana, with spokesmen calling it an “important” discovery.…
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Date set for third and final round of hearings into El Faro disaster
The US Coast Guard (USCG) announced on Friday that the third and final Coast Guard Marine Board of Investigation hearing…
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Hess boosts budget for 2017 including Gulf of Mexico offshore commitments
New York-based independent oil and gas driller Hess Corporation on Thursday struck an optimistic note for the coming year by…
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Chevron takes two AHTS vessels from Edison Chouest
US oil supermajor Chevron has snapped up a pair of offshore vessels from Bram Offshore, a Brazilian subsidiary of Edison Chouest.…
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Trinidad government plans to sell down stake in Petrotrin
The government of Trinidad & Tobago plans to divest part of its stake in state oil firm Petrotrin in the…
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CMA CGM tipped to take over OOCL
France’s CMA CGM, fresh from gobbling up Neptune Orient Lines (NOL), is being widely tipped to be the suitor to…
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Why OOCL will tempt many
So no surprise that talk of Orient Overseas Container Line (OOCL) being bought out dominated hits this week here at…
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Morgan Stanley and Economou looking to sell Heidmar to FDX Capital
The Financial Times is reporting that Morgan Stanley has joined George Economou in looking to sell their stakes in tanker…
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