Region
-
Korea Line in for product tanker resales
Korea Line Corp is being tipped as the buyer of two 50,000 dwt product carriers being built at Korean controlled…
Read More » -
Wilhelmsen targets offshore with Norwegian private equity tie-up
Some of the biggest names in Norwegian industry are battling it out for bargains in the nation’s distressed offshore sector.…
Read More » -
Giant CMA CGM boxship suffers grounding off Southampton
One of the world’s largest boxships is being inspected for any damages following a brief grounding incident in the UK…
Read More » -
Vafias pockets $7m from quick dry bulk asset play
Nicholas Vafias has completed a stealthy dry bulk asset play. The Vafias family controlled company had made a couple of…
Read More » -
Iino Kaiun offloads panamax bulker for $9.4m
The Japanese have been the most active owners this year in terms of selling off dry bulk tonnage amid the…
Read More » -
Vietnamese owner scores $2.2m profit from quick bulker turnaround
The Vietnamese are getting more adept at shipping asset plays. Tan Binh Shipping, which took the 10-year-old, 33,000 dwt Angel…
Read More » -
MC Seamax pays $80m for two-year-old 9,000 teu ship
Tonnage provider MC Seamax has snapped up a UASC boxship with a decent charter to boot. The American firm is…
Read More » -
ONEX takes Great White aframax for $13m
A 1999-built aframax belonging to Prime Marine has finally been sold after months in the shop window. The coated 104,000…
Read More » -
HPH set to open second Pakistan terminal in October
Hutchison Port Holdings will open a terminal in Karachi before the end of the year, Reuters is reporting, allowing mega…
Read More » -
China Shipping Haisheng quits shipping business
China Shipping Haisheng has announced plans to sell full equity of its subsidiary Hainan Haisheng Shipping to Cosco Shipping Bulk…
Read More » -
BW secures FSRU contract from Pakistan GasPort
BW Group has announced that it has signed a 15-year agreement with Pakistan GasPort Limited (PGPL) to provide LNG regasification…
Read More » -
India set to change ports policy
New Delhi is set to make some of the largest changes to its ports set-up in a generation. The shipping…
Read More » -
Maran gas carrier first to deliver US LNG cargo to a port in China
, the first liquefied natural gas (LNG) tanker to transit the expanded Panama Canal last month, has become the first…
Read More » -
Chang Myung sells two capes
Bankrupt Korean carrier Change Myung has sold two capesize bulk carriers for $18.7m each, a much firmer price than seen in previous…
Read More » -
Baltic and SGX approve takeover agreement
The Baltic Exchange and the Singapore Exchange (SGX) have finalised the terms of the implementation agreement, with which SGX’s proposed takeover…
Read More » -
Kogas to order two LNG carriers, possibly at Korean yards
State-run Korea Gas Corp (Kogas) has said it will order two new LNG carriers next year, possibly at domestic yard,…
Read More » -
Nord/LB sells shipping portfolio worth $1.5bn
Nord/LB Norddeutsche Landesbank has agreed to sell a portfolio of its performing and non-performing shipping loans originated by Nord/LB to KKR…
Read More » -
Pemex cancels Seadrill contract
Mexico’s state oil and gas company Pemex has cancelled its drilling contract with Seadrill’s ultra-deepwater semi-submersible drilling rig , effective…
Read More » -
Hanjin misses key deadline, moves closer to receivership
Hanjin Group has missed an August 20 deadline to outline to creditors how it will help fund Hanjin Shipping’s liquidity…
Read More » -
Indian seafarer income tax ruling to be challenged
A surprise move to chase Indian seafarers for income tax will be challenged in the coming days at the Kolkata…
Read More »