Region
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Simpson Spence Young announces new chairman
British shipbroker Simpson Spence Young (SSY) has announced that its long-term chairman John Welham will relinquish the role in January…
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McDermott awarded Middle East contract
McDermott International has announced today that it has been awarded an offshore contract by an upstream oil and gas operator…
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Guangdong Keen teams up with Mingyang Wind Power on offshore wind
Guangdong Keen Offshore Engineering has signed a cooperation agreement with Zhejiang Rich Offshore, a subsidiary of Mingyang Wind Power, to…
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Petrobras to sell two-thirds stake in its Argentinian subsidiary
The board of Petrobras, Brazil’s state oil company, has granted approval for talks to sell its stake in its Argentinian…
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Safe Bulkers extends tenor of Unicredit loan
NYSE-listed Safe Bulkers has extended the tenor of its existing credit facility with Unicredit, which will delay the balloon payment…
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Danish state prosecutor charges former OW Bunker CEO and execs
Denmark’s state prosecutor for serious economic and international crime (SØIK) has pressed charges against the former CEO of now-bankrupt OW…
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ClearMetal: Predictive intelligence revolution for container shipping
San Francisco: Last month, US firm ClearMetal announced the launch of the first predictive intelligence platform built to solve a…
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Bulk Invest files for bankruptcy
Oslo-listed Bulk Invest, formerly known as Western Bulk, has filed a petition for bankruptcy after negotiations failed with its creditors.…
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CGG reduces its fleet to five seismic survey vessels
Geoscience specialist CCG will reduce its fleet of eight seismic survey vessels to five by the end of this quarter…
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North Korean ships blacklisted by new UN sanctions
Some 31 ships owned by North Korean shipping firm Ocean Maritime Management Company (OMM) have been blacklisted by the UN…
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BSEE says proposed offshore safety rules adjusted to calm industry worries
The chief of a key US government agency said on Wednesday that proposed new rules on deepwater drilling safety have…
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Stay of enforcement lifted on payout to Tidewater from Venezuelan government
A World Bank ruling on Wednesday means New Orleans-based offshore supply vessel operator Tidewater could soon be seeing more than…
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Desperate HMM looks at selling tankers
Business Korea, a Seoul-based portal, is reporting struggling Hyundai Merchant Marine (HMM) is looking to sell off its tanker division…
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New mega container carrier China Lines launched
China Cosco Shipping Corporation (COSCOCS) has officially launched its container shipping subsidiary, China Lines, following the merger of Cosco Container…
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Topaz lands 14-vessel extension from BP for work offshore Azerbaijan
Topaz Energy and Marine has secured a contract from BP Exploration (Caspian Sea) to extend the running contracts on 14…
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Indian state-run lines told to order locally
State-run shipping lines in India will have to order vessels locally after 2025, according to new Ministry of Shipping guidelines.…
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GC Rieber subsidiary cleared of negligence
A €9m ($9.8m) claim against GC Rieber’s subsidiary Armada Seismic Invest II was dismissed by the Bergen district court on…
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Fincantieri and Huarun Dadong team up for ship repair
Italian shipbuilding and ship repair group Fincantieri and China’s Huarun Dadong Dockyard have signed in Shanghai an exclusive cooperation agreement…
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Traffic in the Bosphorus will be suspended tomorrow morning
Traffic in the Bosphorus will be suspended from 00:01 to 13:00 hours on tomorrow, due to works on the brand…
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Four more families settle with Tote over El Faro sinking
Another four families linked to the perished 33 crew of the El Faro have settled with ship operator Tote Services…
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