Region
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Star Bulk plans reverse stock split
Star Bulk has become the latest listed shipping company to perform a reverse split of its stock to boost the…
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Week closes with a trio of panamaxes fixed on period
Fixtures of bulk carriers in the period market have picked up again after Posidonia, with three new deals reported today…
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Mutiny attempt leads to mass brawl and grounding of bulker off Mauritius
Local media in Mauritius is reporting an attempted mutiny, followed by a huge fight among the all Filipino crew of…
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Teekay Offshore Partners plans equity placements worth $200m
Teekay Offshore Partners (TOO) is to issue two private placements of its equity securities, worth a combined $200m, to fund…
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British government urged to invest in officer training
British charity Seafarers UK today called on both the government and the UK shipping industry to invest in training of…
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PDVSA says it can stave off default if oil stays at $50 per barrel
Venezuela’s state oil firm PDVSA, believed to be billions of dollars in arrears to various service providers, could avoid default…
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Pemex agrees $1.2bn sale and leaseback with US-based equity fund
Mexico’s troubled state oil firm Pemex announced a deal with US private equity fund KKR whereby Pemex will sell some…
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Petrobras confirms Libra consortium’s large oil find in the Atlantic
Brazil’s state oil firm Petrobras has confirmed a huge oil find in the Libra field in the Atlantic Ocean. Petrobras…
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US-listed dry bulk firms could lose more than $1bn this year: Alphabulk
US-listed dry bulk companies could record a collective loss in excess of $1bn this year, a new report from Alphabulk…
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No deal: Gerry Wang refuses to budge on Hanjin charter renegotiations
The chairman of Hanjin Group has met with its lead tonnage provider Seaspan this week, but has failed to get…
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Arista Shipping: ‘Setting the bar high for others to follow’
There’s a quote on the homepage of Arista Shipping that sums up the pioneering attitude of this Greek shipowner. “Quality…
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Banks seek GOL Offshore fleet sell-off
Compounding a miserable week for GOL Offshore after two of its ships were impounded in the UK over unpaid salaries,…
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Korea Development Bank in the firing line for its handling of DSME
Politicians in Seoul are demanding an inquiry into state-run Korea Development Bank’s (KDB) handling of troubled shipyard Daewoo Shipbuilding &…
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‘Spectre of anticompetitive behaviour’: FMC weighs in on impending SOLAS container rules
The vexing issue of SOLAS container weighing rules, which are set to come into existence on July 1, has just…
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Cyprus implementing new shipping strategy
Cyprus is implementing a new shipping strategy. The minister of transport, communications and works Marios Demetriades said yesterday more incentives…
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Box Ships delays debt repayments
Box Ships has announced it has reached agreements with two banks to delay the repayments of its debts. The company…
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Navig8 Chemical Tankers inks sale and leaseback deal with CMB
Navig8 Chemical Tankers has announced that it has entered into sale and leaseback agreements with China’s CMB Financial Leasing for…
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Rainbow Heavy Industries closes offshore subsidiary
China’s Rainbow Heavy Industries (RHI) has announced that it is going to close lits offshore design subsidiary Shanghai Ouwei Offshore…
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Abu Sayyaf linked with more seafarer hostages
Philippine and Malaysian police have yet to confirm speculation running rife in Southeast Asia that another four Malaysian seafarers have…
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Grieg Star completes 23-vessel refinancing
Bergen-based Grieg Star, part of the Grieg Group, has finished its $400m refinancing of 23 vessels in its 45-bulk carrier…
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