Region
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SM pushes ahead with plans to become a top 20 liner
Samra Midas Group (SM Group) has prodded brokers to source up to 21 ships as it ploughs ahead with transpacific…
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Kristian Siem walks away from Farstad takeover
Kristian Siem has called off the takeover of Farstad Shipping, plunging the future of the Norwegian OSV operator into doubt…
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2017: the year for dry bulk owners to escape the bankers’ clutch
Jens Ismar, ceo of Norway’s Western Bulk Chartering, foresees a healthier year coming up for dry bulk, one where “many…
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Euronav seals sale and leaseback agreement for four VLCCs
Euronav has entered into a five-year sale and leaseback agreement for four VLCC vessels with investment vehicles advised by Wafra…
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Japanese yards overtake Korean rivals
For the first time since the dawn of the new millennium Japanese yards have overtaken their Korean rivals in terms…
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Samsung Heavy wins $1.27bn contract from BP
Samsung Heavy Industries (SHI) has won the first South Korean vessel order of the year, concluding a lengthy contract with…
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DOF clinches three-year AHTS deal with Total Austral
Norway’s DOF has been a awarded a three-year firm contract by Total Austral in Argentina for anchor handling tug supply…
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Former Yingkou Port president gets 14 years for taking bribes
Liaoning Anshan Intermediate People’s Court has sentenced Gao Baoyu, former president of Yingkou Port, to 14 years prison for taking…
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Maersk and Alibaba join forces
In a revolutionary first for container shipping, Denmark’s Maersk Line has teamed up with Alibaba, China’s online purchasing equivalent to…
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China extends low sulphur limit to a further 11 ports
China’s Ministry of Transport have expanded a 0.50% sulphur limit for ships operating within three domestic emission control areas (ECAs)…
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McDermott gets fast-track offshore contract from Saudi Aramco
Houston-based oil industry services company McDermott International has won a contract from Saudi Aramco for fast-track work offshore Saudi Arabia.…
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Nanjing Shenghang Shipping acquires two chemical tankers
Nanjing Shenghang Shipping has announced a plan to acquire two chemical tankers to further expand its fleet. The company will…
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Generator failure led to Johor boxship collision
The failure of a generator on a Wan Hai ship led to the collision two days ago that created a…
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UMV secures drilling rig contract from Petronas
UMW Oil & Gas Corporation subsidiary UMW Offshore Drilling has received a conditional letter of award from Petronas for the…
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AltaGas commits to building LPG terminal in northwest British Columbia
Calgary, Alberta-based energy company AltaGas has committed to building the first liquefied petroleum gas (LPG) export terminal on Canada’s west…
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Cobalt hits oil in Gulf of Mexico exploratory well
Houston-based oil exploration firm Cobalt International Energy on Wednesday revealed it has found oil at its North Platte #4 appraisal…
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DOF scores pair of new contracts
Norway’s DOF has been awarded a pair of contracts, one for PSV Skandi Aukra and the other for AHTS Skandi…
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BW Offshore settles with insurers for FPSO Cidade de São Mateus incident
BW Offshore has announced that it signed an agreement with its insurers for an early repair cost settlement for the…
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Japanese shipping giants show little optimism for 2017
The heads of Japan’s three largest shipping lines addressed their employees today as the nation headed back to work. The…
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DryShips poised for acquisitions
George Economou’s DryShips has closed a previously announced $200m refinancing deal with Sifnos Shareholders, an entity controlled by Economou, and…
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