Region
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Ports America extends its operator’s agreement with Tampa Bay Container Terminal
Ports America, one of the leading marine terminal operators and stevedoring firms in the US, has signed an amended container…
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Former Brazil president petitions UN over Petrobras corruption probe
Brazil’s former national president Luiz Inacio Lula da Silva (widely known as Lula) has petitioned the United Nations alleging his…
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Capital Product Partners fixes two tankers to its sponsor
Capital Product Partners (CPP) has fixed two tankers to its sponsor company Capital Maritime & Trading Corp. The LR3 tanker Miltiadis M…
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Panama Canal spat continues
The Panama Canal Authority has disputed widespread reports that three ships have run into difficulties while transiting the expanded waterway…
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Global Shipper Forum plans to stop shipping surcharges within five years
Members of the Global Shipper Forum (GSF) aim to stop container shipping surcharges within five years and plan to take action…
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Otto Marine commences arbitration against shipbuilder
Otto Offshore, part of Singapore’s Otto Marine, has filed an arbitration claim at the Singapore International Arbitration Centre (SIAC) against an…
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Swiber liquidation rattles Pacific Radiance, Vallianz shareholder unfazed
Singapore’s Pacific Radiance has revealed a $10.1m exposure to Swiber Holdings, which went into liquidation this week. Pacific Radiance told…
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ConocoPhillips and Marathon Oil terminate Maersk drillship contract
A pair of Houston-based companies, ConocoPhillips and Marathon Oil announced on Thursday that they have signed an early termination agreement…
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Shipping must adopt more transparent corporate governance: Moore Stephens
The shipping industry must adopt a transparent, proactive approach to corporate governance or else risk exposure to business and reputational…
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‘Improvisation and lack of preparation’ are causing accidents along the new Panama Canal
The Panama Canal Authority has come in for stinging criticism for its failure to properly prepare for the opening of…
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NYK, MOL and K Line all revise downwards full year forecasts
Japan’s so called Big Three shipping lines have all revised downwards their full year forecasts today reflecting the continued dire…
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Ezra Holdings not concerned by Swiber liquidation despite investor jitters
Investors in Singapore remained wary of offshore stocks today following Thursday’s shock news that Swiber Holdings had become the first…
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Super Eco Tankers: New investments and partnerships
Super Eco Tankers Management is one very few Greek shipping firms to still be ordering new tonnage. It chose to…
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Gas leak halts production on FPSO Alvheim
The FPSO is back operating normally today following a gas leak on Thursday morning. The Det norske operated FPSO suffered…
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Statoil acquires interest in Santos Basin license from Petrobras
Statoil and Petrobras have reached an agreement that will see Statoil acquire from Petrobras a 66% operating interest of the…
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DOF Subsea wins support contract for Shell’s Prelude project
Shell Australia has awarded DOF Subsea with a five-year contract to provide a full-time underwater services and a multi-purpose supply…
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Spot rates for crude tankers nearing two-year lows
The rout in VLCC and suezmax markets continued again today, with spot rates in both segments nearing the lowest levels…
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Vard secures contract for three vessels
Vard Holdings has announced it has secured a $70m contract for the design and construction of three vessels for an…
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Asia Offshore Drilling secures extension from Saudi Aramco for jackup pair
Thailand’s Mermaid Maritime has announced that its associate Asia Offshore Drilling (AOD) had secured a three-year contract extension from Saudi…
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First export of ethane from US Gulf Coast planned for August
Houston, Texas-based midstream company Enterprise Products Partners announced on Thursday that in August it will export a load of ethane,…
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