Region
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New software estimates almost 40 capesizes are in lay-up
Software under development by MarineTraffic.com estimates that 37 capesize bulk carriers (6.6m dwt in total) are currently laid up around…
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Frontline confirms Metrostar VLCC deal
John Fredriksen’s Frontline has confirmed a deal reported by Splash earlier in the week, acquiring four VLCCs from Metrostar Management…
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Saipem secures drilling contracts worth $170m
Italy’s Saipem has announced a host of new drilling contracts and extensions worth a total of around €150m ($169.7m). Eni…
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Solstad Offshore secures Technip vessel deal
Solstad Offshore has signed a frame agreement with Technip Norge and Technip UK for the supply of vessels for trenching, construction…
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Draft restrictions lifted at Panama Canal
The Panama Canal Authority (ACP) announced on Thursday it is lifting all the draft restrictions that have been in play…
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Shell Canada donates its Arctic exploration permits to conservancy charity
Shell Canada, the Canadian subsidiary of the Anglo-Dutch supermajor, on Wednesday donated its Arctic offshore oil exploration rights to the…
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Miscommunication and pilot failure likeliest causes of Houston Ship Channel collision
The US National Transportation Safety Board (NTSB) has announced that the most likely cause of a ship collision last year…
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Otto Marine bags Indonesian product tanker order
Singapore’s Otto Marine, currently the subject of a takeover bid from controlling shareholder Yaw Chee Siew, has secured a shipbuilding…
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TMT unveils hybrid propulsion system that reduces need for ballast water
Today Makes Tomorrow (TMT) has unveiled its chairman Nobu Su’s latest invention: a hybrid propulsion system that aims to mitigate…
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SR Shipping linked to another buy
One of south Asia’s most active secondhand owners this year, has dived into the market again. This week, SR Shipping…
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‘Slow and reluctant to change’: Departing NOL boss admits mistakes
High costs, the wrong business model, too small ships – these were all listed by the chief executive of Singapore’s…
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Panama Canal Authority: 17 days until world trade upgrades
Athens: It was 41 years ago that Jorge Quijano joined the Panama Canal Authority as an engineer. Back then the…
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Rates cut to record low as Seoul braces for another 80,000 yard redundancies
Daewoo Shipbuilding and Marine Engineering, Samsung Heavy Industries and Hyundai Heavy Industries are reported to be getting ready to cut…
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Marenave might be forced to sell off its fleet
Marenave Schiffahrts has warned its shareholders it might have to sell its fleet of 13 ships as creditors demand it…
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Angelicoussis pens orders for DSME VLCCs and LNG carriers
Posidonia wouldn’t be Posidonia without a Greek putting pen to paper for a headline grabbing newbuild contract. John Angelicoussis, who…
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Police investigating mysterious deaths of two Ukranian seafarers
Police are investigating two mysterious deaths onboard a Maltese-flagged ship docked in Turkey. Two half-naked Ukranian seafarers were found dead…
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Seadrill seals another debt-for-equity deal
John Fredricksen’s Seadrill has privately negotiated another exchange agreement with certain holders of its outstanding 5-5/8% senior notes due 2017.…
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Major shareholder challenges Hercules Offshore bankruptcy
Centerbridge Partners, which holds over 2.5 million shares in Hercules Offshore, have challenged the drilling company’s decision to file for…
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Otto Marine plans to delist from the Singapore Exchange
Otto Marine plans to voluntarily delist from the Singapore Exchange after receiving a takeover offer from a company owned by…
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Book launched at Posidonia highlighting New York’s maritime prowess
New York Maritime Inc (NYMAR) took to the rooftop of Kyla Shipping’s office in Athens this evening for the launch…
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