Region
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‘Compelling opportunity’: Gerry Wang explains Hanjin boxship quartet acquisition
Gerry Wang, ceo of Seaspan Corporation, has confirmed a Splash report carried a week ago, on the acquisition of four…
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Seoul ditches debt ratio stipulation to access shipbuilding fund
Korean shipowners will only need to show a charter contract of five years or more to get state-run banks to…
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Empire Bulkers takes kamsarmax
Low profile Greek owner Empire Bulkers has snapped up the six-year-old, Korean-built kamsarmax bulker from compatriot owner Efploia Shipping. Brokers…
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Northern Shipping smashes third fund target
Stamford-based Northern Shipping, an American alternative ship financier, has closed its third maritime credit fund at $505m, smashing its $400m…
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Former Guangxin Shipbuilding boss gets 10 years jail for corruption
Former president of Guangxin Shipbuilding & Heavy Industry, Li Tongan, has been sentenced by Guangzhou Intermediate People’s Court to 10…
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Overseas Shipholding Group appoints new President and CEO
Overseas Shipholding Group has appointed Samuel H. Norton as president and CEO of the company effective December 29. Norton, succeeding…
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ExxonMobil awards Liza FPSO contract to SBM Offshore
ExxonMobil has awarded an FPSO contract for the Liza development in Guyana to SBM Offshore. Under the contract, SBM Offshore…
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Energy sector hits back at Obama administration’s far-reaching ban on offshore drilling
US President Barack Obama on Tuesday went ahead with his predicted ban on offshore drilling in most of the US…
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Jiangsu Eastern Heavy Industries seeks new investors
Jiangsu Eastern Heavy Industries (JEHI), a subsidiary yard of Singapore-listed JES International, has released a notice yesterday to seek new…
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Gulf Marine Services secures two new contracts
Offshore services provider Gulf Marine Services has secured two new contract awards for one of its large class vessels. The…
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Obama set to permanently block huge swathes of Arctic waters from drilling leases
US President Barack Obama is set to put a permanent stop to offshore drilling rights sales for much of the…
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Green light for deepening of Brownsville Ship Channel in Texas
Officials of the Port of Brownsville in southern Texas say that Monday’s signing of a law by President Barack Obama…
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Boxship collides with trawler off Xiamen, 11 feared dead
The 907 teu Hong Kong-flagged , operated by Sinotrans Shipping, collided with a fishing vessel near Xiamen just after midnight…
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CSSC in dispute over two vessel contracts
China State Shipbuilding Corporation (CSSC) has announced that its subsidiary yards Shanghai Waigaoqiao Shipbuilding and CSSC Chengxi Shipyard have been…
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Jiangsu to establish port group
China’s Jiangsu province government has proposed to establish a port group to integrate all the port assets in the region.…
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Farstad stops paying interest to creditors
Farstad Shipping’s takeover by Siem, first announced on November 24, has yet to be finalised. As a result Farstad has…
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Fredriksen old boys’ club targets cheap drilling assets with ‘son of Seadrill’
A clutch of former confidantes of John Fredriksen have come together to make a big splash in the drilling sector.…
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ZIM unveils major restructuring of its global liner services
Israeli containerline ZIM has unveiled a major restructuring of its global liner services effective from next April, reflecting its independent…
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HMM boss outlines 2017 newbuild orders
At a quarterly briefing in Seoul yesterday Yoo Chang-Geun, president of Hyundai Merchant Marine (HMM), outlined plans to order up…
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Polaris Shipping enters tanker trades
Polaris Shipping of South Korea, fresh from sealing a deal to buy four capesizes from Brazilian miner Vale, has now…
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