Region
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Lexington Institute defends the Jones Act
An influential think tank has come out vigorously in defence of the US maintaining the Jones Act as a bulwark…
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MOL to close Singapore bulker subsidiary
Mitsui OSK Lines (MOL) has performed a considerable volte face over its plans for Singapore. For a number of years…
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China Merchants Holdings to change name
Hong Kong-listed China Merchants Holdings (International) has announced that the board has proposed to change the name of the company…
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Coscocs confirms ten VLOCs at Waigaoqiao Shipbuilding
Coscocs, the new shipping conglomerate in China merged by Cosco Group and China Shipping Group, has signed shipbuilding contracts yesterday…
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Brazil’s Supreme Court takes over Lula investigation from Petrobras probe judge
The investigation into Brazil’s former national president Luiz Inacio Lula da Silva was on Thursday taken over by the country’s…
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Moody’s cuts Pemex to near junk
Mexico’s struggling state oil company Pemex on Thursday had its credit rating cut to near junk value by Moody’s Investors…
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Dynagas LNG secures new time charter contracts
Dynagas LNG Partners has signed an extension and two new long-term time charter agreements for a pair of LNG carriers. Gazprom Global…
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Still no financing for third vessel bought by Diana Shipping
Diana Shipping has drawn down from its ABN AMRO loan to finance two of three panamax bulk carriers it recently…
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Two dead in tanker explosion at Duisburg shipyard
At least two people were killed by an explosion and fire onboard the inland tanker Julius Rütgers at the Duisburg shipyard…
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POSH accommodation rig gets contract extension in Brazil
PACC Offshore Services Holdings’ (POSH) semi-submersible accommodation vessel POSH Xanadu has won a one-year extension to its contract in the Campos…
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Ezra and Chiyoda finalise subsea joint venture
Singapore’s Ezra Holdings and Chiyoda Corp of Japan have finalised the formation of their 50:50 joint venture EMAS Chiyoda Subsea,…
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V.Ships and Empros Lines form technical management partnership in Greece
V.Ships and Empros Lines have entered into a partnership that will create a specialised bulk carrier management cell in Greece.…
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Eagle Bulk Shipping secures future with recapitalisation deal
Eagle Bulk Shipping has announced that it has reached an agreement with the company’s lenders and holders of approximately 75%…
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Splash TV: Masterbulk chairman on the ‘awful’ markets
Stephen Fordham, chairman of Singapore-based Masterbulk, admits the market is “awful” in today’s latest installment of Splash TV. Fordham, who…
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Jinhui Shipping offloads supramax after giving up on double sale
Hong Kong owners continue to offload vessels this week. Sources tell Splash that Jinhui Shipping & Transportation has just offloaded…
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Statoil exercises two-year options across 17 installations
Statoil has announced that it has exercised options for 17 installations on the Norwegian continental shelf. In 2012 Statoil awarded…
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Olympic OSV wins accommodation contract from Maersk Oil
Oslo-listed Olympic Shipping’s multipurpose field support vessel has won a 100-day contract from Maersk Olie og Gas in which it…
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GC Rieber Shipping secures subsea time charter contract from Nexans
GC Rieber Shipping has announced that it has entered into a time charter agreement with Nexans, a Norwegian manufacturer of…
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Rongcheng Shenfei Shipbuilding completes restructuring
Rongcheng Shenfei Shipbuilding, a major shipyard in Shandong, has completed a restructuring and resumed full operations, while it has also…
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Mercator Lines bulker sold off for $2.93m
Singapore-listed Mercator Lines has announced that its judicial manager has entered into a memorandum of agreement for the sale of…
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