Region
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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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Concordia Maritime refinances entire MR tanker fleet
Sweden’s Concordia Maritime says it has signed two agreements to refinance its fleet of ten P-Max MR tankers. The two…
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Stolt-Nielsen completes Jo Tankers acquisition
Oslo-listed Stolt-Nielsen has completed the acquisition of the chemical tanker operations of Jo Tankers. The transaction comprises 13 chemical tankers and…
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HMM offered slot exchanges with Maersk and MSC
Maersk Line says it and MSC are still trying to find a way to partner with Hyundai Merchant Marine (HMM)…
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Golden Ocean looks to delay newbuild payments
John Fredriksen’s bulker entity Golden Ocean is in talks with shipyards to delay newbuilding payments scheduled for this year having…
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Rickmers Maritime warns trust could be wound up
The trustee-manager of Rickmers Maritime warned last night that the trust could struggle to continue as a going concern as…
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Hamburg Bulk Carriers: Sulphur ruling coming in too fast
Captain Stefan Bülow finds himself in an awkward situation when meeting up with Maritime CEO towards the end of October…
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Maranakis swoops for SK cape trio
Evangelos Marinakis-led Capital Ship Management has been revealed by brokers as the buyer of three Korean capes belonging to SK…
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Tsakos takes BP aframax pair
Greece’s Tsakos has been revealed by brokers as the buyer of two BP aframaxes. The 114,000 dwt sisterships British Merlin…
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Petronas to delay Samsung FLNG to 2020
Samsung Heavy Industries has suffered another offshore setback, with Malaysian energy giant Petronas delaying delivery of its giant newbuild FLNG…
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Havila lays up three ships, lays off 70 crew
Norway’s Havila Shipping has laid up three vessels due to “market conditions” it said in a statement yesterday. Platform supply…
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Hong Kong debate makes the case for geared eco ultramaxes
Where to spend $10m as a shipping investor? That was the question posed today to a diverse panel attending a…
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CMA CGM boosts Algerian presence
French containerline CMA CGM is boosting its presence in Algeria by teaming up with local line CNAN Nord. The pair…
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