Region
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DSME to issue new shares
Daewoo Shipbuilding & Marine Engineering (DSME) is planning to issue KRW600bn ($507m) in new shares this year in a bid…
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NYK creates logistics tech startup in Singapore
Japanese shipping giant Nippon Yusen Kaisha (NYK) has agreed to team with Weathernews and Kozo Keikaku Engineering to establish a…
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One dead, two missing as tugboat sinks on Hudson River after hitting barge
A tugboat crewman was killed and two others missing after the boat struck a barge and sank on New York’s…
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Seattle hands out indictments over discharging of wastewater
Two overseas firms and two personnel are facing indictments in a US court in the case of a vessel that…
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Fog causes backlog of vessels in Houston Ship Channel
A snag in traffic on the Houston Ship Channel was clearing smoothly on Friday as the dense fog that caused…
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Judge finds BP not liable for losses caused by bans in wake of Deepwater Horizon disaster
A federal judge has ruled that BP cannot be held liable for losses incurred by energy and drilling firms when…
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One dead, one injured as helicopter crashes while assisting grounded ship
A man is dead and another critically injured after their helicopter crashed into the sea while assisting a TS Lines…
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Scorpio Services Holding buys more of Scorpio Bulkers
Scorpio Services Holding, controlled by Annalisa Lolli-Ghetti, has increased its stake in NYSE-listed Scorpio Bulkers to 10.01% by acquiring another…
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Petrofac appointed duty holder for Anasuria cluster in the North Sea
Petrofac has been appointed duty holder of the Anasuria cluster in the North Sea for a five-year period. The contract…
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Jobs lost at Harland and Wolff shipyard in Belfast
Sixty jobs will be lost from Harland and Wolff Heavy Industries’ east Belfast shipyard in Northern Ireland due to a…
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MISC and AET will merge chemical and product tanker fleets
Malaysia’s MISC is to merge its chemical tanker fleet with its subsidiary American Eagle Tankers’ (AET) product tanker fleet. MISC…
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Wuhan to invest $793m in new port area
Major Yangtze River port Wuhan Port is going to develop a new port area, including a container terminal, at Hannan…
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Anadarko Petroleum to cut 1,000 more jobs as oil-price austerity tightens
Anadarko Petroleum is implementing further swingeing cuts of around 1,000 jobs, according to the Houston Chronicle. If the Woodlands, Texas-based company…
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NYK vessel that brought art deco to Japan designated a nationally important cultural property
Japan’s Council for Cultural Affairs has today submitted a report to the nation’s Minister of Education, Culture, Sports, Science and…
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Navios loan draws investor ire
Angeliki Frangou’s move to shore up her dry bulk operations by taking $50m from a tanker sister firm has drawn…
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Norway braces for another 12,000 oil and gas redundancies
The peaks and troughs of the Norwegian oil and gas sector has been highlighted by a new employment report on…
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Brazil’s former president Lula charged in connection with Petrobras case
Brazilian prosecutors have charged former national president Luiz Inácio Lula da Silva with money laundering and misrepresentation in regards to…
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Hercules Offshore jackup rates jacked down by Saudi Aramco
Hercules Offshore has announced that it has received notice from Saudi Aramco reducing the dayrates of jackups Hercules 261 and…
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Bangladesh slammed for ‘medieval’ shipbreaking conditions
Shipbreaking companies in Bangladesh have been slammed for the dire local working conditions, which continues to see many workplace deaths…
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DP World to set up Indian holding company with IPO in mind
Dubai terminal operator DP World has been allowed by New Delhi to open an Indian holding company for its portfolio…
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