Region
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Hanjin Shipping vessel involved in collision off Singapore
Hanjin Shipping containership has dragged anchor off Singapore colliding with MSC containership MSC Claudia, The New Paper reports. The incident…
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Evacuations continue as Hurricane Matthew approaches
Hurricane Matthew, making slow but devastating progress through the Caribbean, is forcing the closure of at least one oil terminal…
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Petrobras and Statoil take partnership to new level in offshore Campos Basin fields
Brazil’s struggling state oil firm Petrobras and Norwegian multinational Statoil are expanding their partnership to help turn around production drop-offs…
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Costamare gets new $87m loan and reschedules repayments
Costamare has secured new financing and re-arranged some of its existing loan agreements to reduce its balloon payments due in 2018…
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Mexico’s regulator extends deadline for comment on Trion Field JV
Mexico’s oil industry regulator the Comision Nacional de Hidrocarburos (CNH) has extended by a week the time in which prospective…
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Pemex sells $4bn in bonds in move to lower its short-term debt
Mexico’s state oil firm Pemex has sold $4bn in long-term bonds in order to buy back some existing debt as…
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Jebsen named new president of InterManager
Bjørn Jebsen has been elected as the new president of InterManager, succeeding Gerardo Borromeo, vice-chairman and CEO of Philippine Transmarine Carriers, who is…
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STX and STX France may be sold by bankruptcy court
STX Offshore & Shipbuilding (O&S) and STX France, which specialises in building cruise ships and is 66% owned by the…
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Aker Solutions wins subsea contracts at Dvalin gas field
DEA Norge has awarded two contracts worth over NOK 900m ($112.6m) to Aker Solutions to provide a subsea production system,…
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Hanjin lays off staff from its US HQ
Some 127 workers have been laid off from Hanjin Shipping’s American headquarters in Paramus, New Jersey, reports say. The redundancies…
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Concordia Maritime sells and leases back tanker
Sweden’s Concordia Maritime has signed a $37.5m sale and leaseback deal for its MR chemical/product tanker with “large Japanese financial…
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USCG medevacs ailing crewman from bulk carrier offshore Texas
A US Coast Guard (USCG) helicopter crew on Monday successfully airlifted an ailing crewman from a bulk carrier off the…
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Hanjin Shipping could have survived with creditor support: Cho
Hanjin Group chairman Cho Yang-Ho said today that Hanjin Shipping could have survived had creditors provided the company with aid,…
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Tote ignores warnings on Hurricane Matthew, one year on from El Faro sinking
Tote Maritime says they plan to continue their regular liner schedule despite Hurricane Matthew wreaking havoc in the Caribbean, reports…
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Perisai Petroleum continues negotiations after default on bonds
Kuala Lumpur-listed offshore firm Perisai Petroleum Teknologi has failed with a proposal asking its Singapore bondholders to delay the maturity…
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Swissco seeks refinancing of notes
Singapore offshore firm Swissco Holdings has announced the appointment of Ernst & Young Solutions as an independent financial advisor to assist in…
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Hajioannou takes on Safe Bulkers newbuilds
Greek drybulk specialist Safe Bulkers has done a deal with entities owned by chairman and CEO Polys Hajioannou to novate…
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Transocean wins semi-sub contract, suffers termination of drillship contract
Offshore driller Transocean has announced a new contract for semi-submersible rig Transocean Barents only to reveal the early termination of drillship Discoverer…
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Brazil may change law to let Petrobras sell stakes in offshore fields
Brazil’s government could change the law to allow troubled state oil firm Petrobras to sell stakes in some offshore oil…
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Oslo Børs launches trading of shipping index
Oslo Børs has launched SHIPPING DNM, an exchange traded product that tracks the Oslo Børs Shipping Index (OBSHX), which is…
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