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Nordic American Tankers prices offering to raise $110m
Nordic American Tankers has revealed the pricing of its recently announced public offering. The company will raise $110m through selling…
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ILWU and shipping industry employers’ body agree to talk about contract extension
The major labour union for US West Coast dockworkers and the organization representing employers in the shipping industry on that…
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Crane bursts into flames while unloading coal from bulker at Brazilian port
A ship-to-shore crane burst into flames while being used to unload a cargo of coal at the Port of Itaqui…
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JB Rae-Smith appointed CEO of Swire Oilfield Services
Swire Group has appointed JB Rae-Smith as CEO of its specialist offshore cargo carrying firm Swire Oilfield Services. Rae-Smith, who…
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Teekay seals Yamal charter for newbuild
Teekay LNG Partners, the publicly-traded Teekay Corporation MLP, has entered into a 15-year time-charter contract with the Yamal LNG project…
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Farstad Shipping wins subsea work from Total
Norway’s Farstad Shipping has been awarded an 18 month contract by Total E&P Congo, via Petro Services, for 2015-built construction…
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Maersk linked with taking over both Hanjin and HMM
Maersk Line, fresh from announcing plans to seek acquisitions rather than build new ships, is being linked as the white…
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Samsung Heavy and GasLog close to sealing LNG orders
Samsung Heavy Industries (SHI) is being widely tipped to have just about clinched its first order of the year. Monaco-based…
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Ocean Yield takes two chemical carriers
Ocean Yield has agreed to acquire two 45,000 dwt IMO II chemical carriers for $35m per vessel in combination with…
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ESL Shipping in for ice-class LNG-fuelled bulkers
ESL Shipping has tapped Sinotrans & CSC Shipbuilding Industry Corporation’s Jinling Shipyard to build two LNG-fuelled bulk carriers. “The two…
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Two in, two out for Vietnam’s Prime Shipping
Vietnam’s Prime Shipping Corporation, one of few Southeast Asian owners still active both selling and buying ships, has let go…
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Petrobras in market for six new platforms
Brazil’s state oil firm Petrobras will be in the market next year for bids on the construction of six new…
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Farstad Shipping offloads AHTS
Farstad Shipping has announced that it has sold the 1998-built AHTS through its wholly owned subsidiary in Singapore. The vessel…
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Nordic American Tankers raises capital for fleet expansion
Nordic American Tankers has announced an underwritten public offering of 11,000,000 common shares. On September 23, the closing price of…
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Lithuanian captain accused of being drunk on duty
A 43-year-old Lithuanian captain appeared in a Belfast court yesterday accused of running a containership while drunk. Eugenijus Tulauskas was…
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Wisdom Marine issues new shares for fleet expansion
Taiwanese owner Wisdom Marine has announced that the board has approved a resolution to issue new shares with total value…
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Pappas takes cheap product tanker
Petros Pappas-controlled Product Shipping & Trading has snapped up a cheap MR product tanker, according to broker reports. The Greek…
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Ningbo Marine aborts restructuring
Ningbo Marine has announced that a company restructuring plan has been rejected by China Securities Regulatory Commission (CSRC) and it…
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Sea Trucks Group earns Gulf of Mexico accommodation deal
Sea Trucks Group has won an accomodation and heavy lift contract for one of its vessels in the Gulf of Mexico.…
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SGX completes takeover of the Baltic Exchange, new CEO named
Shareholders have voted to approve the terms of the Singapore Exchange’s (SGX) acquisition of the Baltic Exchange, which from 2017…
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