Region
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Viking Supply Ships seeks support from bondholders
Norway’s struggling Viking Supply Ships (VSS) has announced that the term sheet which has previously been agreed with the banks…
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Petronet LNG eyes Bangladesh and Sri Lanka terminals
India’s Petronet LNG has laid out expansion plans that will see around $3bn spent over the next five years, including…
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Banks take Triyards as collateral from Ezra
Banks are taking a majority share in Singapore’s offshore fabricator Triyards as collateral. Local offshore firm and controlling shareholder in…
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Anglo-Eastern Univan: Crew costs unlikely to come down
Shipowners looking for any savings whatsoever in these tricky times are unlikely to see key item, crew costs, come down…
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Turkish seafarers found guilty of huge cocaine smuggling operation
The Turkish captain and second-in-command of a ship carrying a record £512m ($670m) worth of cocaine were convicted yesterday in…
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OOCL, ANL and COSCON form new Australia container alliance
OOCL has linked up with ANL and COSCON to create the Asia Australia Consortium (A3). The A3 will launch three…
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World’s first ethane ship engine completed
Japan’s Mitsui Engineering & Shipbuilding has completed the world’s first ME-GIE ethane-operated two-stroke diesel engine. The engines will be for…
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Aker Solutions wins Vietnam engineering contract
Aker Solutions has announced that it has secured a contract from Idemitsu Oil and Gas to provide engineering services in…
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GC Rieber Shipping secures CSV charter from Senvion
GC Rieber Shipping has announced that it has entered into a time charter agreement with Senvion for the construction support…
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HSH Nordbank’s bad shipping loans will take a decade to wind down
It will take at least a decade for Hamburg’s HSH Nordbank to wind down its EUR5bn of shipping loans, the…
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BG to shut Houston office and cut 154 staff
The US Division of Shell subsidiary BG is closing its Houston office and laying off 154 employees it announced on…
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Ruscon integrates terminal operations in Novorossiysk
RUSCON is integrating its terminal operations close to the Black Sea port of Novorossiysk in order to increase the efficiency…
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Former Sainty Marine officials’ shares sold by court
Sainty Marine has announced that a court has enforced the sale of stocks held by former president Wang Junmin, and…
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Repsol Sinopec Resources awards major contracts
Repsol Sinopec Resources UK has announced new major contracting strategies, reflecting its long-term strategic commitment to the North Sea and…
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Petronas terminates service contract with Petrofac
Petrofac Energy Developments and its partners, Kencana Energy and Sapura Energy Ventures, have reached mutual agreement with Petronas for the…
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Bodouroglou tries to reassure Paragon shareholders
Paragon Shipping’s founder, chairman and CEO Michael Bodouroglou has published an open letter to shareholders, saying the company is doing…
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GasLog fixes VLGC newbuilding to Total on long-term charter
Total Gas & Power Chartering has fixed a GasLog VLGC newbuilding on a seven-year timecharter, commencing when the ship is…
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Sovcomflot to be privatised ‘before the end of the year’
Igor Shuvalov, Russia’s first deputy prime minister, has said state-owned shipping company Sovcomflot could be privatised before the end of…
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Eagle Bulk raises $3m in another private placement
NASDAQ-listed Eagle Bulk has signed a stock purchase agreement with unnamed investors to raise another $3m in gross proceeds through…
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K Line boosting Manila training setup
One of the biggest takers of Filipino seafarers is bolstering its training set up in Manila. Kawasaki Kisen Kaisha (K…
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