Region
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HMM picks up Hanjin slack, will not be drawn on takeover
Hyundai Merchant Marine (HMM) will not be drawn on whether it will pick up assets from bust compatriot line Hanjin…
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Gerry Wang dismisses impact of Hanjin bankruptcy
One of the key players in the four-month lead up to the world’s largest ever container shipping bankruptcy has distanced…
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CSSC’s Waigaoqiao and Chengxi yards facing difficulties
China State Shipbuilding Corporation (CSSC) is now facing operational difficulties at some of its affiliate yards amid the slump in…
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Finnish ballast water convention approval to trigger global ratification
According to Finland’s Ministry of Transport and Communications, the Scandinavian country will ratify the Ballast Water Management Convention by mid-September.…
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China cracks down on ship pollution
Beijing is clamping down further on ship emissions in rulings that could change the shipping industry forever. The Chinese government…
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APM Terminals to invest $70m in new berth at Port Elizabeth container terminal
APM Terminals (APMT) has announced a $70m investment in a new berth at its Port Elizabeth facility in New Jersey.…
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Otto Marine secures chartering contract and shipbuilding contracts
Singapore’s Otto Marine has announced that its wholly-owned subsidiary Go Offshore International has secured a chartering contract worth up to…
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Fire hits Ultrapetrol PSV in Macae, Brazil
A platform supply vessel (PSV) suffered a fire on Wednesday morning while in the anchorage of Macae in Rio de…
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Judicial management in Singapore: Florence Nightingale to a vulnerable company?
Lauren Tang from law firm Stephenson Harwood (Singapore) Alliance on what lies ahead for bust Swiber Holdings. The 60% slump…
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SeaBird Exploration acquires seismic vessel
Norway’s SeaBird Exploration has entered into a contract for the acquisition of research vessel and its seismic equipment. The vessel…
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Aborted Sinopacific takeover causes first ever loss for CIMC
China International Marine Container (CIMC) has posted a net loss of RMB378m ($56.6m) for the first half of 2016, the…
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OPS establishes offshore service jv
Dutch firm Offshore Project Support (OPS) has formed a joint venture with Den Helder Support Service (DHSS), Den Helder Aircraft…
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Brazil to release Subsalt Polygon burden from Petrobras
Brazilian authorities expect a law obliging state oil firm Petrobras to operate and invest in all the country’s new Subsalt…
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Petrobras and Statoil sign MOU on co-operation offshore Brazil
Petrobras and Statoil have signed a Memorandum of Understanding (MOU) to facilitate more co-operation and joint ventures between the two…
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Genco extends equity financing deadline
Genco Shipping & Trading has given itself an extra two weeks to enter into a definitive agreement with its lenders…
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Ocean Yield completes private placement
Oslo-listed Ocean Yield has completed the private placement of up to 13,462,857 new shares, which is equivalent to around 9.99%…
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Swiber and Vallianz squabble over outstanding payments
Swiber Holdings’ (SHL) interim judicial managers have notified Vallianz that it owes some $63.5m in outstanding payments to the bankrupt…
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SCF Group buys two platform supply ships for Sakhalin project
Sovcomflot Group (SCF Group) has bought two multi-purpose icebreaking platform supply vessels (PSVs) from Swire Pacific Offshore that will serve…
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Hanjin’s demise and the need for liner rehab
If you’d asked me at the start of the year who’d be the sacrificial lamb between Hanjin Shipping or Hyundai…
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Calls grow to shift Manila port to Batangas
Pressure is mounting on the new president of the Philippines. Rodrigo Duterte, to relocate Manila North Harbor to help fight…
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