Region
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Turkish ship arrested in India
The Turkish controlled bulk carrier was arrested Friday on the orders of the Madras High Court for failure to pay…
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Indonesia bans local ships calling to the Philippines
On Friday Jakarta banned all Indonesian-flagged vessels from heading to the Philippines, after a spate of seafarer kidnappings in the…
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Captain being investigated over fatal tugboat sinking on Hudson River
Police are looking into possible impropriety by the captain of a tugboat involved in the fatal Hudson River sinking of…
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Brexit could lead to exodus of maritime talent
The UK’s decision to leave the EU has the potential to drive many of its maritime employees away, according to…
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CMA CGM to make Kingston its hub for anticipated Panama Canal boom
French container giant CMA CGM is making Kingston Container Terminal in Jamaica its strategic hub for transshipment business anticipated from…
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New study strongly defends Jones Act
The influential Lexington Institute has released a study that strongly defends the Jones Act’s role in protecting US borders and…
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Petrobras’ pension fund needs massive infusion to meet its liabilities
Petrobras, Brazil’s troubled state-run oil giant, has a big hole in its workers’ pension plan with $6.8bn in unfunded liabilities,…
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Great Eastern buys cape
Brokers report that Japan’s Libera Corp has sold its capesize Cape Althea (179,300 dwt, built 2011) to Great Eastern Shipping…
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Alpha Bulkers capesize fixed on timecharter at decent rate
Today saw a rare capesize period fixture on a day in which the Baltic Dry Index advance by 13 points…
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POSH wins support contract for Shell’s Prelude
PACC Offshore Services Holdings (POSH) has won a contract from Technip Oceania to deploy its semi-submersible accommodation vessel POSH Arcadia…
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Shipping industry figures react to Brexit
Shipping industry figures have reacted to the news that the UK has voted in a 52% majority to leave the…
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The shipping finance crisis
Paul Slater from First International Corp gives Splash readers an advanced look at what he’ll say at a speech in…
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Containerships secures financing from CSSC for eight boxships
Finnish company Containerships has signed a framework agreement with CSSC Shipping (Hong Kong) for the financing of up to eight…
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Spain to auction off drug running vessel
Spanish authorities have put the general cargo vessel up for auction. The ship was detained a year ago in Malaga,…
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Ever Harvest Group to raise $17.1m for ship acquisitions
Hong Kong-listed Ever Harvest Group has announced that it plans to issue 350m new shares to raise up to HK$133m…
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Canada reaffirms ban on LNG tankers using Head Harbour Passage
The Canadian government will stick to the policy of its predecessor and maintain a ban on liquefied natural gas (LNG)…
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Wilhelmsen Maritime Services merges safety business with Survitec
Wilhelmsen Maritime Services (WMS), a fully owned subsidiary of Wilh. Wilhelmsen Holding, has signed an agreement with the UK based…
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CMES sells tanker for scrap
China Merchants Energy Shipping (CMES) has announced that it has sold a 106,100dwt oil tanker to Xinhui Shuangshui Shipbreaking &…
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Shell cleared by Canadian regulator to resume drilling off Nova Scotia
Royal Dutch Shell can resume offshore drilling in waters off Nova Scotia after that Canadian province’s industry regulator gave the…
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Pemex closes in on another sale and leaseback deal with a US equity firm
For the second time in a week Mexico’s troubled state oil firm Pemex is close to making a significant sale…
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