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Maersk Supply Service offloads ageing PSV pair
Maersk Supply Service has sold off PSVs Maersk Feeder and Maersk Fighter as it looks to reduce its fleet by…
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Argo LNG orders $1.8bn facility at Honghua
China’s drilling rig manufacturer Honghua Group has announced that its subsidiary Honghua Offshore has entered into a $1.8bn offshore LNG…
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Kidnapping crews proves alarmingly lucrative for Abu Sayyaf
Kidnapping seafarers is proving alarmingly lucrative for Philippine terrorist group Abu Sayyaf. Newswire Associated Press reports that the Islamist group…
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Statoil suspends Songa Offshore rig contract
Songa Offshore has announced that Statoil will suspend the contract for when work at the current well at the Snöhvit…
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NYK offloads ore carrier
Nippon Yusen Kaisha (NYK) has offloaded a 12-year-old ore carrier to Samos Steamship. Samos is paying in the high $12ms…
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NYK, MOL and K Line to merge container divisions
The three Japanese majors who will help form THE Alliance next April are to merge their container operations. Nippon Yusen…
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BW LPG ups bid again for Aurora LPG
BW LPG has moved ahead and made a voluntary unconditional tender offer for Aurora LPG, willing to pay more than…
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The 4,923 teu YM Los Angeles sets new boxship scrapping records
Setting a new benchmark, Diana Containerships has moved to scrap a panamax boxship that was delivered less than 10 years…
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Rickmers Maritime’s restructuring gets the nod
Rickmers Trust Management, the trustee-manager of troubled Singapore-listed Rickmers Maritime, has revealed that unitholders attending an extraordinary general meeting have…
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Seoul earmarks billions to save shipyards
Seoul has moved to right the ship of its dire maritime sector announcing today a new KRW1trn ($871.73m) state-backed ship…
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Prices for Japanese panamax bulkers continue to improve
A ten-year-old Sasebo-built panamax bulker has been bought by Zihni Shipping for a price Clarksons Research lists in the high…
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Ezra delays results as it counts the cost of Perisai default
In a move which is likely to spook investors, Singapore’s Ezra Holdings has applied to the Singapore Exchange for an…
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Chevron extends Deep Sea Supply PSV pair
Chevron has extended the bareboat charters on Deep Sea Supply PSV pair Sea Tortuga and Sea Triumph for an additional…
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Hong Kong Marine Department hit by hackers
Hackers have managed to infiltrate the Hong Kong Marine Department, locking access to a computer located in its offices. According…
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Chandris VLCC collides with Chinese fishing vessel, six missing
Greek flagged VLCC collided with a Chinese fishing vessel Zhe Ling Yu 91002 in the East China Sea near Zhoushan…
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Chellaram revealed as buyer of Klaveness kamsarmax
Chellaram Shipping, which has been busy paring back its dry bulk interests for most of this year, is still sniffing…
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Concordia Maritime does second sale and leaseback
Sweden’s Concordia Maritime continues to put cash in the bank completing a second sale and leaseback agreement this month, this…
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Paragon Offshore plan to exit Chapter 11 is turned down by court
Houston-based rig operator Paragon Offshore has been denied its request to exit Chapter 11 bankruptcy. In an unusual move for…
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Court approves injunction against investigation of missing billions at PDVSA
Venezuela’s Supreme Court has approved an injunction against a congressional investigation into the alleged disappearance of $11bn at state oil…
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Grimaldi buys into TTT Lines
The year 2016 will be archived as another year of new investments for Grimaldi Group. The Naples-based company has just announced two…
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