Region
-
Nervous investors ditch Singapore offshore stocks
Investors in Singapore remain spooked about local oil and gas prospects in the wake of the demise of Swiber Holdings…
Read More » -
Former Korea Development Bank chairman linked to DSME fraud scandal
The multi-billion dollar accounting fraud scandal that has rocked Daewoo Shipbuilding & Marine Engineering stepped up a gear today with…
Read More » -
Firefighter injured in blaze at Sembcorp Marine yard
A fire broke out in the engine room of a heavy lift vessel yesterday afternoon at Sembcorp Marine’s Tuas Boulevard Yard,…
Read More » -
OSM: Shipping’s new reality demands fresh strategies from owners
Shipmanager OSM believes that the prolonged downturn currently gripping almost all segments of the shipping market has changed the industry…
Read More » -
Maersk Drilling chops 122 workers after drillship termination
Maersk Drilling is laying off 122 workers who were aboard the drillship according to a notice the company sent to…
Read More » -
Nova Marine Carrier teams up with Navesco in the dry bulk business
Lugano-based Nova Marine Carrier and Bogotà-based Navesco have announced the launch of a new joint venture called Nova-Navesco that will…
Read More » -
Mission to recover El Faro VDR set to begin
The delayed mission to recover sunken cargo vessel El Faro’s voyage data recorder (VDR) is set to begin. National Transportation…
Read More » -
Diamond Offshore stacks two rigs, scrapping another two
Houston-based offshore driller Diamond Offshore has revealed that it has stacked two rigs in the last quarter and that it…
Read More » -
Transocean to buy back Transocean Partners
Offshore driller Transocean said it will be acquiring all outstanding common units of master limited partnership Transocean Partners that it…
Read More » -
Jiangxi Tongda Shipping to list on NEEQ
Jiangxi Tongda Shipping, a chemical tanker operator on Yangtze River, has applied to list on China’s National Equities Exchange and…
Read More » -
Fraser Shipyards fined almost $1.4m for exposing workers to unsafe levels of lead
A Wisconsin shipyard has been fined almost $1.4m for exposing its workers to levels of lead way beyond the legal…
Read More » -
DryShips to reverse split its stock after Nasdaq warning, CFO resigns
DryShips has decided to undertake a four-for-one reverse split of its shares after receiving a written notification from the Nasdaq…
Read More » -
STX Heavy enters court receivership
One of South Korea’s largest engine manufacturers has become the latest STX affiliate to seek court protection. At 14.00 local…
Read More » -
Marlink and Telemar join forces, will service a third of the merchant fleet
Apax Partners has signed a definitive agreement to acquire Telemar Group from its current shareholders. The combined activities of Telemar…
Read More » -
Thornico launches bulk carrier business
Thornico has launched Thorco Bulk, a new “asset-light” venture that will operate handysize and supramax bulk carriers from today onwards.…
Read More » -
Italian rules on short sea shipping and ports are changing
The Italian government led by the prime minister Matteo Renzi is shaking up the national law on ports and ships.…
Read More » -
SBI Offshore terminates joint venture with Gräss
SBI Offshore has cancelled its plans to form a joint venture (JV) in solar power with Gräss Group. In August…
Read More » -
Petrofac not implicated in Unaoil corruption scandal, investigators confirm
An independent investigation has confirmed that no bribes were ever paid by Petrofac to Unaoil, the Monaco-based oil trader raided…
Read More » -
International Shipholding Corporation files for Chapter 11
The American shipowner International Shipholding Corporation has filed for relief under Chapter 11 at a court in New York. The…
Read More » -
Swiber unable to make coupon payment
Swiber Holdings said today, via its provisional liquidator, it cannot pay the upcoming coupon payment for the S$150m 6.5% certificates…
Read More »