Region
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Providence takes Stena drillship for work off Ireland
Irish oil and gas firm Providence Resources has signed a contract for the Stena drillship for work at the Frontier…
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Panama ports close as Hurricane Otto bears down on Central America
Hurricane Otto, the seventh hurricane of the Atlantic season, prompted ports in Panama to close and harbour movements throughout the…
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Assessing the purpose of maritime weeks
Hong Kong Maritime Industry Week is drawing to a close. I’ve had a great, fascinating time. There are few places…
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BGP starts geological survey offshore Cuba
China-based BGP, one of the world’s leading geophysical services companies, announced it has begun work offshore Cuba compiling 25,000km-worth of…
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SK Shipping continues fleet disposal
Unconfirmed brokers report that the active Korean seller SK Shipping has just offloaded the 55,600 dwt to Strategic Bulk Carriers,…
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Petrobras settles lawsuits in US with 11 more investors
Brazil’s troubled state oil company Petrobras on Wednesday settled 11 more lawsuits with its own investors who claimed the firm…
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Seven-year-old Rickmers boxship sent for scrap
A seven-year-old containership has set a new unfortunate record. The 2009-built built in China is being sent for scrap. Owned…
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Panamax boxship value destruction unparalleled in recent history
With news overnight coming in from broking reports that a seven-year-old panamax boxship has been sent for scrap, Tim Huxley,…
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MOL makes first OSV move, teams up with Kristian Røkke
The world’s largest shipowner by fleet numbers is moving into the depressed offshore vessel support field. Japan’s Mitsui OSK Lines…
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Aurora LPG board finally recommends BW takeover bid
The board of Aurora LPG has finally recommended BW LPG’s revised takeover offer. The board said today that the offer…
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Wilbur Ross tapped to be Trump’s commerce secretary
The Wall Street Journal is reporting that one of shipping’s most significant investors will join the Donald Trump administration next…
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EC gives conditional approval to Hapag Lloyd/UASC merger
The European Commission yesterday gave its conditional approval to a merger between Hamburg boxline Hapag-Lloyd and the United Arab Shipping…
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CIMC Raffles bags rare heavylift order
Shandong Twin Marine has placed an order for two semi-sub heavylift vessels at CIMC Raffles, a very rare order in…
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Sovcomflot fixes $180m credit with Sberbank
Sovcomflot and Sberbank signed a memorandum of understanding (MOU) yesterday paving the way for a new $180m long-term credit agreement…
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Seamec secures vessel charter contract
Indian company Seamec has entered into a contract for the charter hire of vessel Revelation with Resolve Salvage and Fire…
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Samsung Heavy to delay Statoil rig project due to construction accident
South Korea’s Samsung Heavy Industries is to delay the construction a jackup rig being built at the shipyard after a…
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Euroseas acquires bulk carrier
Drybulk and container shipping operator Euroseas has announced that it signed a memorandum of agreement to purchase the , a…
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Top Ships secures $3m financing
Greek owner Top Ships has announced that it has entered into a definitive securities purchase agreement with an institutional investor…
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Port of Philadelphia $300m upgrade to double capacity
The state of Pennsylvania plans to invest $300m over four years on infrastructure, warehousing and equipment upgrades to the Port…
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Noble Corporation gets further contract extension from Hess
Noble Corporation has earned a further contract extension for one of its offshore drilling rigs in the Gulf of Mexico.…
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