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Credit Suisse topples RBS in Greece
Credit Suisse has elbowed Royal Bank of Scotland out the way into top place for Greek ship finance, according to…
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Indian tanker blacklisted for carrying illicit Libyan crude
The United Nations Security Council Libya sanctions committee yesterday blacklisted an Indian-flagged tanker carrying crude oil shipped by the rival…
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Awilco Drilling and Apache at odds over yard stay
Awilco Drilling have claimed that Apache North Sea is preventing their drilling rig from resuming work. The WilPhoenix is currently…
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Globus Maritime amends loan agreements with DBV and HSH
Globus Maritime has announced that it has come to an agreement with two of its lenders, DVB Bank and HSH…
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API calls for maximum US offshore drilling
The American Petroleum Institute (API) – a national trade associate in for the oil and gas industry in the US…
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Korean shipping lenders need a cash injection or could face collapse
South Korea’s ministry of finance is considering ways of increasing the capital of state-run lenders Korea Development Bank (KDB) and the Export-Import…
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Tanker crew released by kidnappers in Nigeria
Pirates have released six Turkish crew who were kidnapped from a tanker off the Nigerian coast two weeks ago, reports say.…
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Technip’s contract extended at Petrobras’ base for flexible pipes
Petrobras has extended Technip’s five-year contract at its Flexible Pipes Logistic Base (BAVIT) by a further four years. The value of…
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Rimorchiatori Riuniti takes over Augustea’s towage arm
Rimorchiatori Riuniti will take over Augustea Holding’s subsidiary Augustea Imprese Marittime e di Salvataggi in a deal worth some €75m…
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Optimum Ship Services: Greek manager confident Piraeus has strong future
Piraeus : Optimum Ship Services of Piraeus, Greece was created in September 2014, owned by the powerful Monaco-based Scorpio Group,…
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Navios and Scorpio capesizes fixed on timecharter as rates rise
Two more capesizes have been reported fixed on period contracts to major charterers as rates continue to climb to near…
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ABB and Aker Solutions partner to improve subsea production systems
Aker Solutions and ABB are to cooperate in developing subsea power and automation technology for offshore oil and gas production.…
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BW LPG and BW Pacific pen VLGC and MR deals with Nissen Kaiun
BW LPG has agreed to sell its last VLGC newbuilding to Nissen Kaiun and lease it back, and will timecharter…
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Timetable set for new Ocean Alliance
Evergreen and Cosco will not switch alliances until the end of March next year. The pair are set to join…
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Navios could sue Vale over scrapped terminal deal
Navios Maritime Holdings has revealed Brazilian miner Vale has ditched plans to use an iron ore terminal under construction in…
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New interim CEO for struggling Prosafe
Amid a deteriorating oil services market, Prosafe Management has decided to replace its ceo. Stig Christiansen is the new interim…
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Ulsan chosen to print ships
How soon till a ship comes hot off the press? Ulsan, the Korean industrial city where Hyundai Heavy Industries is…
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D’Amico refuses first supramax delivery from Yangfan
The last supramax bulk carrier built by China’s Yangfan and renamed has been sold to Korea Line because d’Amico Società…
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Bangladeshi bulker player linked to first tanker buy
Chittagong-based SR Shipping has been linked to its first tanker as it continues its bargain basement hunt for cheap tonnage.…
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London Marathon run raises £5,000 for Sailor’s Society
Belatedly (rather like my running) I am pleased to report that my fiancée, Eliza, and I crossed the finishing line…
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