Region
-
Construction work on port facilities for Nicaragua Canal to begin in August
The ambitious and contentious plan for a $50bn Nicaragua Canal will see spades in the ground by August with the…
Read More » -
Precious Shipping sells another handy bulker
Thailand’s Precious Shipping has sold a 21-year-old handysize bulk carrier for $1.51m as part of its fleet renewal programme. The…
Read More » -
Global dry bulk fleet set to contract significantly this year: Khalid Hashim
For the first time in living memory the global dry bulk fleet is set to contract significantly this year, Khalid…
Read More » -
ÖL Group: Looking for new tonnage
Eberhard Koch, who presides over a Cypriot based ÖL Group and is a big fan of Maritime CEO, has plans…
Read More » -
The curse of the Commodore’s hat
Got shares in Euronav? Sell them today! The current darling of tanker stocks might just have revealed very solid results…
Read More » -
U.N. removes sanctions on four ships
The U.N. Security Council has agreed to a request from China to remove sanctions on four ships that had been…
Read More » -
Strike brings Santos port to a halt
Stevedores at Santos port in Brazil’s Sao Paulo state, on Monday morning started one-day strike action calling for inflation adjustments…
Read More » -
Ningbo Dayu Shipping orders six bulkers at Jiangdong Shipyard
Wuhu-based Jiangdong Shipyard has signed shipbuilding contracts with Ningbo Dayu Shipping for the construction of six 9,800dwt bulk carriers. The…
Read More » -
Polarcus takes streamer package off bankrupt Dolphin
Dubai-based seismic operator Polarcus has purchased a complete marine seismic in-sea acquisition system from bankrupt Dolphin Geophysical. Polarcus purchased the…
Read More » -
Petrobras starts probe of potential conflicts of interest in its personnel division
Petrobras, Brazil’s scandal-ravaged state oil company, has launched an internal probe of potentially improper and costly practices by its human…
Read More » -
Hackers, economics and extreme weather are biggest threats to ships
2015 was shipping’s safest year for a decade but cyber threats, extreme weather and budget cuts still pose big risks…
Read More » -
Petronas given three more months for environmental study of Pacific NorthWest LNG terminal
Canada’s Environmental Assessment Agency (CEAA) has given Malaysia’s state oil and gas firm Petronas extra time in which to show…
Read More » -
Paragon’s note sale disappoints, interest payment still outstanding
Investors have largely shunned Paragon Shipping’s latest offering, with only 18.8% choosing to exchange convertible notes for shares in the…
Read More » -
PACC Offshore subsidiary sues Makamin for hire in Saudi Arabia
Singapore-based POSH Semco has served Makamin Offshore Saudi with court papers in Saudi Arabia in order to recover around SAR…
Read More » -
HMM applies for self-rescue deal
Hyundai Merchant Marine (HMM) has applied for self-rescue measures that could see the South Korean carrier co-managed by its creditors…
Read More » -
Dualog: Internet priorities
Tromsø: Norwegian comms firm Dualog is growing fast – with more than 500 ships set to join its servers this…
Read More » -
Hyundai Motor will not ride to HMM’s rescue
Hyundai Motor has steered clear of being drawn into any rescue package for ailing shipping line, Hyundai Merchant Marine (HMM).…
Read More » -
CMES signs 27-year VLOC deal with Vale
China Merchants Energy Shipping (CMES) has signed a contract of affreightment (COA) with mining group Vale to transport iron from…
Read More » -
Possible détente reached in Evergreen succession battle
The succession war at Evergreen Group might end soon as Chang Kuo-wei, the youngest son of the late Evergreen chairman…
Read More » -
Protesters block Fujian yard
Several employees from defunct Fujian Crown Ocean Shipbuilding blocked the entrance of the shipyard on Saturday to protest against an…
Read More »