Region
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Why Hong Kong is a natural breeding ground for shipowners
Mandarin Shipping’s Tim Huxley examines the city’s latest generation of owners. After a grim year for most shipbuilders, the last…
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Calls for executive action to ban oil drilling leases in Atlantic and Arctic before Trump sworn in
Environmentalists on Tuesday called for US President Barack Obama to use executive authority to invoke a provision of the Outer…
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Genco Shipping closes credit facility and completes stock sale
Genco Shipping & Trading has closed a new $400m credit facility and made amendments to some existing facilities while also…
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Navig8 Product Tankers to raise $30m via rights issue
Navig8 Product Tankers has announced that it has launched an offer of 3m units, with a subscription price per unit…
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NTSB finds faulty wiring likeliest cause of $4m blaze on Great Lakes bulker last year
A fire that badly damaged a Great Lakes cargo steamship in Sturgeon Bay, Wisconsin late last year was probably caused…
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Shell to invest $10bn in Brazilian oil sector
Shell, encouraged by Brazil’s decision to open offshore projects to more private companies, announced a five-year plan to invest $10bn…
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Bohai Ferry chairman resigns
Bohai Ferry has announced that chairman Chen Jizhuang has resigned from all positions in the company due to unspecified personal…
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Swissco follows Swiber in seeking judicial management
Swissco Holdings has followed fellow Singaporean offshore firm Swiber Holdings into interim judicial management as creditors rejected its restructuring plan…
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Island Offshore halts amortisation payments
Island Offshore Shipholding has outlined today how it intends to go about restructuring its balance sheet. Citing the “general deterioration…
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British fund eyes STX yards
Yonhap, South Korea’s official newswire, is reporting an unnamed British investment fund has submitted a letter of intent to a…
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Angelicoussis leads bulker binge
John Angelicoussis’s Anangel Maritime Services has been revealed as the year’s biggest bulker buyer, according to analysis from online pricing platform…
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K Line contests Australian car carrier cartel claims
Japan’s Kawasaki Kisen Kaisha (K Line) has decided to fight criminal cartel charges it has been accused of in Australia.…
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Kyklades and Aza conclude second suezmax sale
Greece’s Kyklades Maritime Corp has completed its second suezmax sale to the same Indian owner in the space of just…
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Hunter Maritime Acquisition prices Nasdaq listing
Hunter Maritime Acquisition has announced the commencement of its initial public offering of 15m units at a price of $10.00…
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Eagle Bulk acquires resale bulker
Eagle Bulk Shipping has announced that it has acquired a resale 2017-build 64,000dwt ultramax dry bulk vessel under construction at…
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Downturn specialists
Hong Kong owners know when to snap up a bargain. Hong Kong shipowners know better than most how to take…
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Golar Power enters LNG supply contract with Qatar Petroleum
Golar Power has announced that it has signed a long-term LNG sale and purchase agreement between Qatar Petroleum’s affiliate, Ocean…
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Eidesvik gets work for laid up seismic pair
Norway’s Eidesvik has signed contracts with French seismic vessel operator CGG for the seismic vessels Vantage and Veritas Viking. The…
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Siem Offshore Contractors gets Trianel wind work
Siem Offshore Contractors has been awarded a contract by Trianel Windkraftwerk Borkum II for the supply and installation of the…
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Rolls-Royce and VTT team up to develop autonomous ships
The race to be top of the thought leadership chain when it comes to smart ships moved up a notch…
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