Region
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Atlantic Navigation lands ten vessel charter deal
Atlantic Navigation has announced that it has been awarded long term charters for ten offshore supply vessels at a combined…
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ExxonMobil terminates Seadrill Partners contract
Seadrill Partners has announced that it has received a notice of termination for the contract for the drillship , chartered…
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Vallianz scores $210m worth of charter contracts
Vallianz has announced that it has secured new charter contracts worth up to $210m, bringing its order book to a…
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Crucial week for HMM as charter negotiations rev up
Six foreign shipowners have been invited to Seoul this coming week for crucial final negotiations as Hyundai Merchant Marine (HMM)…
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US Senate approves bill funding ports and waterways
The American Association of Port Authorities (AAPA) hailed the passage through the US Senate of a bill that includes provisions…
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US to intensify probe of Petrobras-related graft accusations
The US Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) are intensifying their probe of dozens of…
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Militants give oil producers in Niger Delta two weeks to shut down or face ‘bloody’ attack
Militants in the Niger Delta have given a two-week ultimatum to owners and operators of oil production and export facilities in the…
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Ship Finance International sells VLCC
Ship Finance International (SFI) has sold its VLCC Front Vanguard (300,100 dwt, built 1998) to an unnamed counterparty for a net…
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SKS Tankers sells OBO to Karadeniz
Brokers are reporting that SKS Tankers has sold its oil-bulk-ore (OBO) carrier SKS Tyne (109,900 dwt, built 1996) for $7m…
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Six-year-old cape fetches $38m for Hanjin
Hanjin Shipping has sold a six-year-old capesize, , for $38m to H-Line Shipping as part of efforts to raise cash…
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HMM’s lead creditor comes out in support of orphaned liner
While many might have felt that Hyundai Merchant Marine’s (HMM) exclusion from today’s big box news, the creation of THE…
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Safmarine Meru towed into port after collision, fire extinguished
Maersk Line’s containership Safmarine Meru (4,300 dwt, built 2006) has been towed safely in the Port of Ningbo, after colliding with another…
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THE Alliance formed by Hanjin, Hapag-Lloyd, K Line, MOL, NYK and Yang Ming
Container shipping operators Hanjin, Hapag-Lloyd, K Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Yang Ming have confirmed the creation of a new…
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Hyundai Merchant Marine confident it will join THE Alliance
Hyundai Merchant Marine (HMM), which looks like the loser in the game of container alliances at the moment, has been…
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90,000 gallons of oil leaked in Shell subsea spill
Nearly 90,000 gallons of oil leaked from a Shell flow line into the Gulf of Mexico 90 miles off the…
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Maersk sends two boxships to Alang
Maersk is sending two boxships to Alang in India for scrapping, a key trial for the Danish group’s recycling plans…
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Concordia Maritime settles Hudson River grounding arbitration
Sweden’s Concordia Maritime has announced that it has reached a settlement regarding a dispute associated with Stena Primorsk’s grounding in…
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Halliburton secures drilling contract from Wintershall
Wintershall Norge has announced that it has awarded a four-year service contract to Halliburton Norge, with options for an additional…
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Kim Heng Offshore & Marine eyes Iran with new MOU
Singapore’s Kim Heng Offshore & Marine Holdings, via subsidiary Kim Heng Marine & Oilfield (KHMO), has entered into a non-binding…
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NewLead accused of contempt of court, ‘missing’ emails still missing
NewLead Holdings and its CEO Michael Zolotas have been accused of contempt of court and spoliation of evidence by TransAsia…
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