Region
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China VLCC offloads two VLCCs
China Merchants Energy Shipping’s (CMES) affiliate company China VLCC has signed agreements with two Marshall Island-registered companies, Coral Shipowning and…
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Reach Subsea teams up with Aibel
Norwegian subsea specialists Reach Subsea and Aibel have entered into a formal cooperation agreement for projects within subsea oil and…
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Keppel forms Russian joint venture
Keppel Offshore & Marine (Keppel O&M) has entered into a shareholders’ agreement with Russian national oil company, Rosneft, and Norwegian…
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CSCL acquires stake in financial assets of China Minmetals
China Shipping Container Lines (CSCL) has announced that it has entered into a subscription agreement with China Minmetals subsidiary Kingray…
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Zhonggu Shipping orders boxships at Shanghai Shipyard
Chinese domestic container shipping firm Zhonggu Shipping has signed shipbuilding contracts with CSSC-affiliated Shanghai Shipyard for the construction of four…
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Cesare d’Amico on new offices and rates rebounding
D’Amico Societa’ di Navigazione Group is widening its presence on the international shipping market, mainly in South America and in…
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Shandong Shipping enters tanker market
China’s Shandong Shipping has announced that the company plans to invest in two MR tankers, after establishing two single vessel…
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Petrofac given North Sea extension by Total
Petrofac has announced that it has been awarded an enhanced three-year contract extension on the Alwyn and Dunbar platforms in…
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Pemex looks for possible partnerships in deepwater Gulf of Mexico deals
Mexico’s state oil firm Pemex is talking with some multinational energy giants regarding possible cooperation in offshore projects, according to…
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Sete Brasil fraud case widened to include Odebrecht
Washington-based investment firm EIG Management has expanded its Petrobras-related fraud lawsuit to include Odebrecht and some shipyards, according to Reuters.…
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Daiichi Chuo’s rehabilitation plan approved
Daiichi Chuo Kisen Kaisha’s rehabilitation plan won approval from 95% of its voting creditors at a meeting in Tokyo District…
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Capital Maritime increases stake in Capital Product Partners
Capital Maritime & Trading has bought 459,799 common units in Capital Product Partners LP, and has entered into a trading…
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Hellenic Carriers scraps bulker to save on repair costs
Hellenic Carriers has sold its panamax bulk carrier(74,000 dwt, built 1997) to scrap buyers for $2.88m, which the company said…
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Hyundai Merchant Marine a step closer to entering court receivership
Hyundai Merchant Marine (HMM) has moved a step closer to entering court receivership, and in the process will have made…
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NordLB vows to slash shipping exposure as it logs losses
Shipping is hitting NordLB, the German Landesbank, hard. It has warned on profits after setting aside an extra €435m to…
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Seaspan secures financing as Gerry Wang signs on until 2021
Seaspan Corporation has announced that it has entered into over $540m of debt and equity financing. Seaspan issued $140m of…
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Fratelli Cosulich forms bunkering alliance in Iran with IRISL
A new bunkering alliance between Italy’s Fratelli Cosulich and the Iranian national shipping group IRISL will take shape in the…
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Hanjin Shipping clinches key debt repayment extension
In a significant fillip to Hanjin Shipping’s urgent restructuring plans bondholders have agreed to extend the maturity of debts by…
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Team Tankers ship runs aground off Uruguay
A Team Tankers vessel carrying around 35,000 tons of vegetable oil has run aground offshore Uruguay. The , which is managed…
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Chellaram Shipping takes bulker for $19.5m
Hong Kong bulker specialist Chellaram Shipping has finalised the purchase of the 60,000 dwt for $19.5m. This is the reported…
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