Region
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Klaveness seals JV with EGD for combination carrier pair
Shipping investment firm EGD Shipholding has agreed to partner with Klaveness to take 50% ownership of two 80,500 dwt combination…
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Hanjin Shipping makes key creditor deadline
A spokesperson for Hanjin Shipping has confirmed to Splash that the line is submitting to lead creditor the Korea Development…
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Euronav’s Rodgers in ‘acquisitive’ mood
Historically low prices offer tanker giant Euronav the chance now to be “acquisitive”, the company’s ceo, Paddy Rodgers said today.…
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Federal Maritime Commission voices concern about new Ocean Alliance
The creation of the Ocean Alliance – a new container grouping involving China Lines, OOCL, Evergreen, APL and CMA CGM,…
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El Faro sank 10 minutes after captain had called to abandon ship
The US’s National Transportation and Safety Board (NTSB) has revealed the harrowing, scary lead up to the sinking of the…
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Baltic shareholders support SGX takeover
Just a rubber stamp approval from the UK’s financial regulator now stands in the way of the Singapore Exchange (SGX)…
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Nordea and DNB join forces in the Baltics
Nordea and DNB have entered into an agreement to combine their operations in Estonia, Latvia and Lithuania. “Combining knowledge of…
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Vier Harmoni found by Indonesian navy
Indonesia’s navy has announced that it has located a product tanker which disappeared last week, taken by its crew after…
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Odfjell Drilling refinances semi-submersible pair
Releasing its quarterly results today, Norwegian offshore driller Odfjell Drilling has revealed a refinancing deal has been offered to its…
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Sevan Marine ditches asset sale plans
Rig owner Sevan Marine has ditched plans to sell assets. At its quarterly results presentation the Norwegian company said it…
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ITF blasts ‘secretive’ corporate structures used by North Sea oil producers
The International Transport Workers Federation (ITF) has released a new report that pours scorn on “secretive” corporate structures used by…
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Guangzhou Port eyes IPO
Guangzhou Port Group is accelerating its IPO process and is expected to get approval from China Securities Regulatory Commission in…
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Air quality setback for Port of Long Beach
An independent annual study for the Port of Long Beach has found that air pollution levels worsened in 2015 compared…
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US Gulf of Mexico lease sale attracts only $18m in bids
The first online-only auction of US Gulf of Mexico offshore oil and gas blocks went ahead without a hitch on…
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Canada mulls charge on companies drilling offshore on the extended continental shelf
Canadian authorities are considering whether or not to charge multimillion-dollar fees to companies that drill hundreds of miles offshore on…
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UASC posts biggest operating loss of any major container line
United Arab Shipping Company (UASC) has posted its financial figures publically for the first time, revealing a -9% operating loss…
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21 jobs lost as CIE Well Control enters administration
Aberdeen-based subsea operations firm CIE Well Control has entered administration due to persistently low oil prices and a lack of…
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Vogemann launches OPEX guarantee scheme
Germany’s H. Vogemann shipping group has launched an operating expenditure (OPEX) guarantee scheme for owners of dry bulk and multipurpose…
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Nobu Su questions ‘unauthorised’ payments to JPMorgan Chase
Today Makes Tomorrow (TMT) has written to JPMorgan Chase Bank to question two remittances of $5.25m in total, which TMT…
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Shipping welcomes the Irelandmax, the latest word in green technology
There’s a new word to shipping’s ever expanding lexicon – the Irelandmax. Needless to say, these ships are promoted as…
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