Region
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More draft restrictions for vessels using Panama Canal
The Panama Canal Authority (ACP) has announced its third recent temporary draft restriction because of water-level concerns in Gatun Lake,…
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H.E.R.O. Awards: Maritime search and rescue recognition
London: Regular readers of this site might recall we are not generally fond of shipping industry awards. However, we also…
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Bibby Offshore wins first contract in Norway with ConocoPhillips
Bibby Offshore’s Norway division has been awarded its first contract in the region with ConocoPhillips Skandinavia, in which the Stavanger-based…
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Greek shipowners turn away from registering ships in Greece in favour of Malta
Greek shipowners continue to flag the majority of their vessels in Greece and Liberia, but are increasingly favouring the Maltese flag…
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E.R. Capital and Rickmers plan shipmanagement merger
Germany’s Rickmers Holding and E.R. Capital Holding GmbH & Cie. KG have signed a declaration of intent to merge their respective…
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DSME takes Angelicoussis suezmaxes from Mangalia
Daewoo Shipbuilding & Marine Engineering (DSME) is pulling the plug on its Romanian subsidiary. The South Korean yard, under pressure…
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Narendra Modi promises to restore India’s ‘position of eminence in the global maritime sector’
Opening the Maritime India Summit today in Mumbai, prime minister Narendra Modi promised to restore India’s “position of eminence in…
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Cosco Dalian and DACKS in merger talks
Dalian, already home to one of the world’s largest shipyards, could have another giant name in global shipbuilding soon. Amid…
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Zhejiang Shipping to start debt restructuring
Zhejiang Shipping Group, a major state run shipping firm controlled by Zhejiang Communications Investment Group, is very likely to start…
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EMGS slashes 15% of workforce
Norway’s Electromagnetic Geoservices (EMGS) is restructuring in an urgent bid to cut costs by up to $10m a year. The…
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Noryards BMV bankrupt
Another Norwegian yard has declared itself bankrupt. 96 employees have lost jobs following the news Bergen-based Noryards BMV has folded,…
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SPP Shipbuilding sells cancelled AHTS to Sevnor
Korea’s SPP Shipbuilding has sold an AHTS vessel, which was cancelled by a shipowner last year, to offshore and special…
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Statoil awards Hudra platform removal and recycling contracts
Statoil has announced that it has awarded a contract to Hereema Marine Contractors for the platform removal and transportation of…
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Schlumberger to scale back in Venezuela over payment problems with PDVSA
Multinational oilfield services provider Schlumberger is scaling back its business in Venezuela because of payment problems with that country’s state…
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French authorities raid Bolloré HQ
France’s Bolloré Group is under investigation over port concessions handed out in West Africa. Authorities have searched the headquarters of…
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Two taken hostage from boxship off Nigeria
The 4,300 teu was attacked by armed pirates off Nigeria on Monday evening. All of the crew bar two managed…
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Mexico’s government to give Pemex multibillion-dollar boost
Mexico’s struggling state oil firm Pemex will receive a huge financial boost to the tune of $4.2bn the country’s Finance…
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US offshore firms braced for stricter regulations
The US government’s Department of the Interior is all set to unveil on Thursday its much-anticipated new safety rules for…
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Abu Sayyaf return hijacked tug, crew still held captive
Abu Sayyaf militants have returned the tugboat Massive 6 to owners Highline Shipping 12 days after it was taken off…
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Østensjø Rederi fixes a PSV, lays up another
Norway’s Østensjø Rederi has fixed a platform supply vessel (PSV) on a two-week contract, but has laid up another. Its…
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