Region
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Star Bulk gets extra breathing space from banks
Embattled Star Bulk has won a two-month extra standstill agreement from its banks. The line, which has offloaded nine ships…
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HMM to meet shippers next month
In July Hyundai Merchant Marine (HMM) will kick off a series of meetings with its clients around the world designed…
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UASC shareholders approve merger with Hapag-Lloyd
United Arab Shipping Company (UASC) has announced that its six shareholding states has approved a merger deal with German container…
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Fire breaks out at Guangdong shipbreaking yard
A fire broke out yesterday at Jiangmen Xinhui Shuangshui Shipbreaking & Steel in Guangdong, China during the dismantling of an…
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Former president of Guangxin Shipbuilding on trial for corruption
Guangzhou Intermediate People’s Court started a trial of Li Tongan, former president of Guangxin Shipbuilding & Heavy Industry, on corruption…
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Mission to recover El Faro’s VDR is postponed
The mission to recover the voyage data recorder (VDR) from sunken freighter El Faro has been postponed says the US…
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Transpetro cancels seven newbuildings
Transpetro, the logistics subsidiary of Petrobras, has reportedly cancelled contracts for seven tankers being built at the Estaleiro Atlântico Sul…
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Traders book VLCCs for floating storage
Two VLCCs have been booked as floating storage within Asia in preparation for low-demand season in the Far East. Clearlake…
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LPG carrier explodes in Gulf of Thailand
An LPG carrier has exploded while underway in the Gulf of Thailand, leaving four of its ten crew hospitalised with…
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SITC restructures shipping subsidiaries
Hong Kong-listed SITC International Holdings has announced that New SITC Development, a wholly owned subsidiary of the company, has entered…
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Atlantska Plovidba cancels two ultramaxes
Atlantska Plovidba has cancelled the two bulk carrier newbuildings it has on order at Qingshan Shipyard in China. The two…
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Ex-Hanjin chairwoman summoned again on allegations of insider trading
Hanjin Shipping’s ex-chairwoman Choi Eun-young has been summoned again by the Seoul Southern District Prosecutors’ Office on suspicion of illegal…
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Oil and gas workers in Norway headed for major strike
Unions in Norway have warned that up to 755 workers on oil and gas fields could go on strike from…
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EU reportedly set to drop carrier antitrust probe
Fifteen of the world’s leading container carriers are expected to dodge stiff fines as EU antitrust regulators drop a five-year…
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Japanese investors unimpressed with heads of major shipping lines
Investors are losing confidence in the leadership of the nation’s top shipping lines, which are struggling to make profits in…
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EC probes Naples port over contravention of state aid rules
The European Commission (EC) has opened an in-depth investigation questioning whether the Italian government propped up the Port Authority of…
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Deep Sea Supply awarded PSV contracts
Norwegian offshore operator Deep Sea Supply has announced that it has been awarded three new time charter contracts by BP…
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Statoil suspends Dolphin Drilling contract
Fred. Olsen Energy has announced that its subsidiar, Dolphin Drilling, has received notice of suspension from Statoil for drilling rig…
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Cosco switches heavylift vessels to MPVs at Shanghai Shipyard
Cosco Shipping, a listed subsidiary of China Cosco Shipping Group (Coscocs), has announced that it plans to order three 36,000dwt…
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Hapag-Lloyd and UASC agree a merger
Container lines Hapag-Lloyd and United Arab Shipping Company (UASC) have agreed on the terms of a merger. All shares would…
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