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Fenwick sells its oldest ship
Hong Kong owner Fenwick Shipping has offloaded its oldest ship. The low profile outfit sold the 16,900 dwt , built…
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Rickmers-Linie takes over Nordana’s project business
Project shipping consolidation continues with news Hamburg’s Rickmers-Linie is taking over the activities of tramp and chartering specialist Nordana Project…
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Bondholders boost HMM’s alliance hopes
Hyundai Merchant Marine (HMM) announced that it has successfully completed all five bondholders’ meetings held on May 31 and June…
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Amadeus Amethist rocks Belgian bridge, loses accommodation block
A crewmember was taken to hospital last night after the general cargo vessel rammed into a bridge at Jzerlaan along…
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Collapsed wall latest disaster to hit gaff prone Panama Canal
The Panama Canal Authority (ACP) said traffic is normal and there will be no problem with meeting the deadline for…
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Jinhui offloads another supramax
Hong Kong- and Oslo-listed Jinhui Shipping has sold another ship. Fresh from offloading a supramax earlier this year, the company,…
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KSS orders chemical trio at Dae Sun
South Korea’s KSS Line has ordered three small chemical tankers at compatriot Dae Sun Shipbuilding. The 3,500 dwt vessels are…
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Sainty Marine settles with Celsius Shipping over cancellation
Sainty Marine has announced that it has reached settlements with a shipowner, which is believed to be Celsius Shipping, to…
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Technip secures gas field contract
France’s Technip has announced that it has been awarded a major contract to develop the Bahr Essalam, Phase II development…
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Viking Supply Ships anticipates swift restructuring
Viking Supply Ships said today it sees its restructuring being completed “within the foreseeable future”. The Swedish company has been…
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China P&I Management established in Shanghai
China P&I Management Company, China’s first International mutual insurance management company, has been established in Shanghai. The company is a…
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Sino-Global Shipping partners with Shandong Hi-Speed TEU Logistics
Nasdaq-listed Sino-Global Shipping America has announced that it has entered into a strategic partnership with Shandong Hi-speed TEU Logistics (Shandong…
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Efforts continue to refloat cargo ship grounded in Lake Superior
The self-unloading cargo ship remained grounded in Lake Superior on Tuesday, four days since it ran aground on Gros Cap…
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Kistefos aims to raise $20m in Western Bulk Chartering share sale
Kistefos hopes to raise up to $20m in additional equity in Western Bulk Chartering (also known as Kistefos Equity Operations) during…
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K Line panamax fixed on timecharter
K Line’s panamax bulk carrier (78,259 dwt, built 2013) has been reported fixed on a 10- to 16-month timecharter to…
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Safe Bulkers amends ING Bank loan
Safe Bulkers has changed the terms of its existing $32m revolving credit facility with ING Bank, which has been secured…
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Glomar OSV wins long-term contract in North Sea
Glomar Offshore’s emergency response and rescue vessel (ERRV) has won a three-year contract in UK waters of the North Sea…
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US government says fracking off California poses no threat to environment
The United States’ Bureau of Safety and Environmental Enforcement (BSEE) and Bureau of Ocean Energy Management (BOEM) have announced that…
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‘We need to demolish an enormous number of ships’: Philippe Louis-Dreyfus
The dry bulk market could become profitable again in 2019 – but only if a series of extremely tough and…
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‘Groundless rumour’: HMM slams Hanjin merger talk
Hyundai Merchant Marine (HMM) has slammed reports linking it to a merger with compatriot Korean line Hanjin Shipping. Local media…
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