Region
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Hanjin Shipping and the futility of throwing more fuel on a fire burning out of control
You don’t normally get advance warning of an attempt to put a company over a barrel and call in bankruptcy…
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DSME CEO in Europe to quell shipowner fears
With Hanjin Shipping ditched by the Korea Development Bank and seeking court receivership today, another embattled Korean maritime firm has…
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Celsius in $41m bulker spree
Denmark’s Celsius Shipping has swooped for four Chinese-built bulkers, according to various broking reports. Celsius is paying $8m each for…
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Norden sells product tanker for $14m
Malta’s Valloeby Shipping has taken the 10-year-old, Chinese built product tanker from Norden for $14m. The Chinese-built 38,461 dwt ship…
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‘If we buy vessels at current prices, we are never going to make losses’: Brave words from departing SCI boss
“If we buy vessels at current prices, we are never going to make losses.” Bold words for the departing boss…
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Former ST Marine official sentenced to six months jail
Han Yew Kwang, former chief operating officer and deputy president of Singapore shipbuilder ST Marine, has been sentenced to six…
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Shell sells Gulf of Mexico oil assets for $425m
Royal Dutch Shell is selling a chunk of its US Gulf of Mexico oil assets to Houston-based EnVen Energy for…
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Wary investors warned about ‘the next Swiber’
The crash of Singapore-listed oilfield services provider Swiber Holdings last month is likely to be followed by more high profile…
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Great Harvest Maeta adjusts loan agreements
Hong Kong-listed bulk shipping operator Great Harvest Maeta Group has announced that it has entered into a series of supplemental…
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CGG forms offshore seismic joint venture in Ghana
French company CGG has signed an agreement with GNPC Operating Services Company (GOSCO), an independent Ghanaian E&P services company, to…
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New floating dock for Abu Dhabi Ship Building
Abu Dhabi Ship Building (ADSB) has commissioned its first floating dock in Mina Zayed to service ships that were previously…
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US Gulf of Mexico oil production reduced by 22% ahead of tropical depression
Offshore oil production in the US Gulf of Mexico had been reduced by 22% as of Tuesday because of concerns…
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Carcara sale will help Petrobras save $11bn
Petrobras’ CEO says the $2.5bn sale of its stake in the offshore Carcara field will probably help Brazil’s debt-laden state…
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Chevron signs 10-year deal to supply China’s ENN with LNG
Chevron has announced a 10-year deal with Chinese firm ENN to supply liquefied natural gas (LNG). The San Ramon, California-headquartered…
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Iraq blacklists three tankers that have carried Kurdish crude
Three tankers that have been carrying Kurdish crude oil for Vitol and Glencore have been barred from entering Iraqi ports…
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DSME accused of bribing news editor
A goverment politician in South Korea has accused shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) of plying a newspaper editor with a…
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Oldendorff takes capesize on one-year charter
Oldendorff has taken a capesize bulk carrier on a 12- to 16-month period charter, according to Baltic Exchange reports. Louis…
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IM Skaugen fined by Norway’s financial supervisory authority
IM Skaugen has been fined NOK 164,600 ($19,800) by Norway’s financial supervisory authority Finanstilsynet for “willfully or negligently” publishing its annual…
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Chinese exporters are hurting
China’s trade with just about everyone is off, writes Paul French. Amid the seeming chaos and news grabbing headlines of…
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Hanjin Shipping shares suspended as creditors walk away
Hanjin Shipping’s shares were suspended today after slumping 29% after its restructuring plans were rejected by creditors, putting the nation’s…
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