Region
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d’Amico commences share buy-back scheme
Italy’s d’Amico International Shipping (DIS) is to begin buying back its shares over the next five years in order to increase…
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Navios and Diana panamax bulk carriers fixed on period charter
Two panamax bulk carriers owned by Diana Shipping and Navios Maritime have been reported fixed on period contracts on a…
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MSC takes Diana containership on timecharter
Mediterranean Shipping Co (MSC) has fixed a boxship owned by Diana Containerships on a 12-month timecharter, continuing its chartering spree seen…
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New container shipping consortium may be launched to compete with Ocean Alliance
A new consortium of container shipping lines could soon be formed by members of the CKYHE, G6 and Ocean Three…
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New multimodal terminal planned at London Thamesport
Shipping agent and logistics company Armitt Group is to build a new 120,000-square-metre multimodal terminal at London Thamesport, which could starting handling…
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Hess joins Kosmos and Chevron in offshore Suriname development
Dallas-based Kosmos Energy announced on Tuesday it is giving up part of its interest in an offshore Suriname development to…
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Green Award Foundation: Competitive advantage
Rotterdam: The Green Award Foundation, a not-for-profit quality assurance organisation, yesterday announced that it has signed an incentive agreement with…
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Creditors approve Hanjin’s restructuring plans
As expected Hanjin Shipping announced today that its creditor banks have approved its proposal for a voluntary restructuring agreement. Hanjin…
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‘Markets are really, really difficult at the moment’: Maersk’s Andersen on a tricky Q1
Low oil prices and dire container freight rates saw net profit slide dramatically in the first quarter for Maersk Group.…
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Ofers play tough with HMM over charter cut requests
Hyundai Merchant Marine (HMM) is on track to finish negotiations with foreign shipowners by May 16 to cut fees on…
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Zhong Chuan Heavy Industry declared bankrupt
Zhoushan Intermediate People’s Court has declared Zhong Chuan Heavy Industry Shipbuilding bankrupt, along with two affiliate companies Zhong Chuan Heavy…
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Alternative capital paths
There’s not as much cash circling to all Italian owners as in the past. Even with the ship finance market…
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Bollore among bidders for Taranto terminal
Bollore Group has emerged among the investors interested in the Molo Settoriale terminal of the port of Taranto in southern…
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Saipem wins new contract in Azerbaijan worth $1.3bn
Saipem, along with consortium partners Bos Shelf and Star Gulf, have been awarded call-off 007 under the Shah Deniz Stage 2…
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Lamprell extends contract with chairman and ceo while cutting 100 staff
UAE-based offshore engineering firm Lamprell has announced that John Kennedy and James Moffat have agreed to extend their respective roles…
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Hanjin boss crashes out of Winter Olympics
Hanjin Shipping’s sharp downhill financial performance of late has forced the chief organiser of South Korea’s 2018 Winter Olympics to…
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Hibiscus Petroleum’s acquisition of Hydra Energy falls through
Hibiscus Petroleum has terminated its plans to acquire Australian oil company Hydra Energy Holdings (HEH). The company said the deal…
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BP gives up its resistance to paying Deepwater Horizon damages to seafood industry
BP on Tuesday yielded in its almost two-year-long resistance to paying damages to US Gulf Coast seafood industry stakeholders. The…
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Opposition grows to Chinese backed refinery in Myanmar
Local opposition to a Chinese-backed giant oil refinery is growing at Dawei, a city with big port plans. A number…
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Palermo Tanks terminal up and running in Colombia
The first phase of the Palermo Tanks terminal project in the port of Barranquilla, Colombia has been completed and is…
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