Region
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VLCC spot rates aim for the sky
VLCC spot rates are currently at the highest levels seen since mid-June and today continued their upward trend. Rates are…
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Anchor handlers win work repositioning Transocean platform
Three anchor handling supply (AHTS) vessels have won spot employment from ConocoPhillips UK in repositioning a platform owned by Transocean,…
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Mermaid companies renegotiate contracts at lower rates
Two companies affiliated with Singapore’s Mermaid Maritime have renegotiated their respective contracts at lower rates with what appears to be…
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Åge Remøy to invest $62m in founding new OSV company
Åge Remøy has revealed plans to start offshore support vessel (OSV) company, just after Solstad shareholders approved a merger of the…
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Hanjin’s intra-Asia focus pushes ahead with likely transpacific sale
Plenty more is unfolding in the Hanjin Shipping saga with a court in Seoul now mulling selling the Korean line’s…
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Swissco staring down the barrel, unable to make coupon payment
Singapore offshore firm Swissco Holdings told investors that it is unable to make coupon payments due next week on its…
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Perisai Petroleum Teknologi vulnerable after default notice served
Kuala Lumpur-listed offshore firm Perisai Petroleum Teknologi has received a notice from the trustee of its S$125m ($91.9m) notes warning…
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Interunity picks up bulker in court sale
Greek-German outfit Interunity Interunity Management has picked up the 2010-built handysize bulker , previously owned by Greek owner Pyrsos Shipping.…
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Globeco close to sealing the resale of handymax newbuilding
Following news that emerged few weeks ago, Rome-based Globeco seems to be very close to signing a deal to offload its handymax bulk…
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BP to honour Diamond Offshore rig contract despite abandoning Australian project
US offshore driller Diamond Offshore Drilling has received notification from BP that it will not terminate a contract for Diamond…
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Changing of the guard for Sevan Marine
Norwegian offshore firm Sevan Marine has made changes to management with CFO Reese McNeel replacing Carl Lieungh as the company’s CEO.…
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Strong interest after Brazil lifts Petrobras pre-salt obligations
Petrobras is already seeing positive reaction to last week’s decision by the country’s Congress to relieve the state oil giant…
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Panama Canal releases tender for Port Of Corozal container terminal project
The Panama Canal has published the tender documents for building and running a container terminal for the Port of Corozal…
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Victor Restis cleared of money laundering and embezzlement charges
The Hellenic Supreme Court in Athens has cleared shipowner Victor Restis of all charges of money laundering and embezzlement on the…
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Shareholders approve merger of Rem and Solstad
Shareholders have approved the merger of Rem Offshore with Solstad Offshore at an extraordinary meeting held in Oslo today. REM…
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CEO of the Korean Register passes away
Dr B S Park, chairman and CEO of the Korean Register, has passed away after a short illness, aged 63.…
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Further blow for Korean shipping as 7,000 truck drivers stage walkout
South Korea’s shipping industry has been dealt another major blow today with around 7,000 unionised truck drivers staging a walkout…
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French government prepares takeover of STX France
STX France, which is 66.64% owned by South Korea’s bankrupt STX Offshore & Shipbuilding, may see the French government step in to take…
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Noble Group sells US energy business
Hong Kong-headquartered commodity giant Noble Group has agreed a deal for the sale of its US electricity business, Noble Americas…
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Woodstreet sells MPP trio to Interunity
Brokers report that Woodstreet, controlled by Clearwater Marine and Viken Shipping, has sold off a trio of 34,000 dwt MPPs.…
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