Region
-
Briese and Auerbach join forces
Germany’s Briese and Auerbach shipping companies have formed a strategic alliance to mitigate the downturn. Both companies will cooperate more…
Read More » -
DOF repurchases bonds, fixes vessels
Oslo-listed DOF has completed the issue of new equity and a bond loan, which represent the first steps of its…
Read More » -
NewLead bulker sold at auction
NewLead Holdings’ disputed bulk carrier has been sold at action in the US for $7.4m to Singapore’s MT Maritime Management.…
Read More » -
Russia invites China to invest in its shipyards
Russia has invited China to invest in shipbuilding facilities in the Far East of the country, reports say. “We are…
Read More » -
DSME’s 2015 loss was bigger than it reported, investigation finds
Financial authorities in South Korea have found that the operating loss posted by Daewoo Shipbuilding & Marine Engineering (DSME) in…
Read More » -
DBS Bank boss warns of offshore ‘contagion’ following Swiber’s demise
The bank with the biggest exposure to the decline and fall of Swiber Holdings has warned of more pain spreading…
Read More » -
Wood Group braces for more North Sea rig strikes
Two UK trade unions have announced the dates for further strike actions taken against Wood Group on rigs in the…
Read More » -
SGX and the Baltic: a passing of the baton
Living in China for much of this century I always recall how much the locals liked Singaporean delegations coming to…
Read More » -
Cyprus Maritime Academy: ‘Bridging a gap between education, science and industry’
The Cyprus Maritime Academy, part of the University of Nicosia, is promising to help fill the global officer shortage and…
Read More » -
MMC IPO reportedly on the cards
Dow Jones is reporting Malaysian tycoon Syed Mokhtar Al-Bukary is planning an IPO of his port assets to raise at…
Read More » -
Winson takes second V-Max from Gener8 Maritime
Winson Shipping is doubling its VLCC fleet size, adding its second ship in less than a month brokers tell Splash.…
Read More » -
Guoyu Shipbuilding looks to resume operations after settling with workers
Guoyu Shipbuilding looks to resume operations after settling with workers Financially troubled Yangzhou Guoyu Shipbuilding has reached a settlement agreement…
Read More » -
Transocean rig runs aground off Scottish island
The drilling rig ran aground off the island of Lewis in Scotland yesterday after its tow line with a tug…
Read More » -
Paragon Offshore gets agreement in principle for revised restructuring plan
Bankrupt Paragon Offshore’s revised restructuring plan has been agreed in principle with its bondholders and banks, which removes the first…
Read More » -
China Shipping Haisheng offloads shipping business
China Shipping Haisheng has announced that the board of the company has approved a proposal to sell all of its…
Read More » -
Petrobras penalised for unfair practices in gas distribution
Brazil’s anti-trust regulator Cade (Administrative Council for Economic Defence) has recommended penalising the country’s troubled state oil firm Petrobras for…
Read More » -
Sino-Global Shipping America regains Nasdaq compliance
Sino-Global Shipping America has regained its Nasdaq compliance, which had been in jeopardy because of the low price of its…
Read More » -
Swiber files petitions to stop pay-out of $105m in bank guarantees
Swiber Holdings has filed court petitions for injunctions against the payment of over $105m in bank guarantees, which have been…
Read More » -
Glencore Grain takes Diana panamax on period contract
Diana Shipping has fixed its panamax Ismene (77,901 dwt, built 2013) to Glencore Grain for 10 to 13 months, commencing…
Read More » -
Farstad bonds may be sold to Fredriksen, Aker or Siem
Norwegian investment firm Alfred Berg Asset Management may sell its controlling stake in Farstad Shipping’s bonds to other big-name offshore…
Read More »