Region
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Wood Group secures Statoil services contract
UK oil and gas services company Wood Group has announced that it has been awarded a master services agreement (MSA)…
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Olympic ties up with Canyon
Olympic Shipping has entered into a frame agreement with Canyon Offshore for the joint marketing and subsequent operation of the…
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J. Lauritzen appoints Torm CFO as new CEO
J. Lauritzen has found a new ceo. Mads Zacho, current cfo at Torm, will take over from Jan Kastrup-Nielsen at…
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Jasper Ocean Terminal gets green light for funding from Georgia
The state of Georgia has granted a $7.5m annual spend over three years to build a new terminal on the…
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Despite laying off thousands and losing billions, Coscocs hikes senior management pay
Between them they’ve lost billions, and yet senior management at China’s top two lines have decided to reward themselves with…
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‘More details on charter negotiations will be disclosed soon’: HMM
A chink of light has emerged in Hyundai Merchant Marine’s tricky negotiations with tonnage providers to get the fees of…
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Berge Bulk: James Marshall stars on the cover of Maritime CEO magazine
Singapore: Today sees the launch of the latest issue of Maritime CEO magazine, a distinctly Greek flavoured edition timed to…
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European owners could flag elsewhere if Brussels gets its way, UGS warns
Shipowners might ditch European flags thanks to Brussels insistence on uncompetitive rules, the president of the Union of Greek Shipowners…
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Russian yard seals mega rig order from Iran
Russian shipbuilder Krasnye Barrikady has been won a contract by Iran worth nearly $1bn to build five offshore drilling rigs…
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Freeport-McMoRan terminates Rowan contract
Offshore drilling company Rowan has said that it has reached an agreement with Freeport-McMoRan over the contract termination for drillship…
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Pioneer Marine cancels last two newbuilds at Yangzhou Guoyu
Singapore handysize specialist Pioneer Marine has terminated contracts with China’s Yangzhou Guoyu Shipyard for the last two newbuild 38,400 dwt…
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Essar wins $48m case against Steel Authority of India
The Steel Authority of India (SAIL) will have to pay Essar Shipping $48m, an arbitration tribunal has ruled. The tribunal…
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North Koreans employed in ‘forced’ labour at two major Polish shipyards
An investigation by Vice has shone light on the employment of North Korean workers in “forced labour” conditions at the…
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Seaspan readies stock offering
Seaspan Corporation plans to offer 5m of its Class A common shares in an underwritten registered public offering. Seaspan intends…
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Seoul moves to ease the pain of yard subcontractors
Seoul has moved to ease the burden on hard-hit subcontractors working at the nation’s struggling shipyards. The government is looking…
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Nothing unusual about how El Faro cargo was secured, panel told
There was nothing unusual about how the cargo was secured on the El Faro for the cargo vessel’s fateful final…
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Strikes hit French terminals
More strikes hit northern French terminals from early this morning. Workers in the oil sector belonging to the CGT and…
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Golar LNG Partners fixes financing for FSRU acquisition
Golar LNG Partners LP has announced that it has completed the acquisition of the ownership interests of FSRU Golar Tundra…
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Safe Bulkers amends loan covenant for 30% of its debt
Safe Bulkers has amended the repayment profile of around 30% of its debt by adjusting the terms of its loan…
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BW Offshore launches $500m financing plan
BW Offshore has drawn up a plan that it expects to improve its liquidity by more than $500m by 2020.…
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