Region
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Indonesian president urges greater ports build-up
Indonesian president Joko Widodo yesterday officially inaugurated a new terminal at the nation’s flagship port, Tanjung Priok, and used the…
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TGS and Petroleum Geo-Services jointly acquire Dolphin library
Norwegian seismic firms TGS and Petroleum Geo-Services (PGS) have announced that they have agreed to jointly acquiring the majority of…
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Otto Marine withdraws Hoe Leong liquidation application
Heavy equipment supplier and vessel charterer Hoe Leong Corporation has announced that Otto Marine has withdrawn an application to wind…
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Singapore charts growth plans through to 2030
The Maritime and Port Authority of Singapore (MPA) has established the International Maritime Centre 2030 (IMC 2030) advisory committee to…
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Pemex announces six Gulf of Mexico oil finds
Pemex, Mexico’s state oil firm, announced on Tuesday that it had made six new offshore oil finds in the Gulf…
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Polarcus awarded seismic work in Australia
Polarcus has announced that the company has received a letter of award for 3D marine seismic acquisition in Australia. The…
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Arctic Coalition campaigns to protect offshore drilling leases in Alaska waters
Groups favouring offshore oil and gas drilling in Alaskan waters on Monday launched a television advertising blitz in the Washington…
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KOGAS signs MOU to develop LNG import terminal in Brazil
South Korea’s state gas company KOGAS has signed a Memorandum of Understanding (MOU) with the Brazilian state of Ceara to…
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Ceres capesize fixed on timecharter as spot market loses steam
Livanos-led Ceres Shipping has fixed one of its capesize bulk carriers on a five- to eight-month timecharter, according to Baltic…
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Marco Polo Marine requests an extension to its notes’ maturity date
After calling in KPMG last week to conduct a review of its business, Singapore’s Marco Polo Marine has said it…
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Marsh forecasts lower charter rates in the wake of Hanjin’s demise
Cargo owners and shipowners are most at risk of suffering financial losses from Hanjin Shipping’s entering into court receivership, according…
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Winning Shipping buys ex-Hanjin-chartered capesize
China’s Winning Shipping has bought a capesize from Kumiai Senpaku that was formerly on charter to Hanjin Shipping, which entered…
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Ocean Yield completes $91m bond issue
Oslo-listed Ocean Yield has completed a new NOK 750m ($91m) unsecured bond issue, which will be used to refinance existing…
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South Korean president warns Seoul will not rescue Hanjin Shipping
Six Hanjin Shipping vessels are confirmed as arrested following the line’s court receivership at the end of last month. Seven…
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Is Hanjin shipping’s Lehman moment?
Is the fall of Hanjin shipping’s Lehman Brothers moment? That’s the point of view of Gerry Wang, the head of…
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Det Norske, Subsea 7 and Aker Solutions form subsea alliance
Det Norske, Subsea 7 and Aker Solutions have formed an alliance combining Det Norske’s exploration and production expertise with Subsea…
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Water cannon accident kills one, injures three
Investigators are looking into how an OSV undergoing sea trials saw three injured and one die. The was performing sea…
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Baltic tanker trades set for shakeup
Tanker trading patterns in the Baltic are set for a shakeup with news that Russia will stop exporting oil products…
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Oldendorff in for four Chinese bulkers
Shipping power house Oldendorff, one of few German owners active in the secondhand market this year, is said to be…
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Ardmore Shipping completes debts financing and vessel sale
Ardmore Shipping has announced that the company has taken delivery of the first three of six product tankers that it…
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