Region
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Pemex CEO says industry reform best thing for company amid oil price plunge
The recently installed new chief of Mexico’s state oil firm Pemex says the plunge in prices will not change his…
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Harkand establishes new subsea JV in Angola
Harkand and its local partner Esopeg have established Harkand Angola, a joint venture that will provide subsea inspection, repair and maintenance…
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ConocoPhillips charters COSL Drilling accommodation rig in North Sea
ConocoPhillips has chartered COSL Drilling Europe’s accommodation rig for a firm four months from late April at ConocoPhillips’ Judy platform,…
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Peruvian line goes bust leaving stranded crew and an illegal shipment of timber
Yacu Taski is the latest dry bulk casualty. The firm, part of Peruvian Amazon Line, takes timber from the Amazon…
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Sevan Marine to cut headcount again, remaining staff offered salary cuts
Norway’s Sevan Marine reduced its global headcount by almost 30% during the fiscal year 2015 and has plans to cut…
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Green group slams draft environmental assessment of fracking offshore California
A green group on Tuesday slammed as “deeply disappointing” the US federal government’s first draft environmental assessment since January’s official…
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MISC buys partner’s stake in semi-floating production system
Malaysian state-owned shipping company MISC has bought the remaining 50% stake in the Gumusut-Kakap Semi-Floating Production System Limited for $445m…
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Island Offshore updates restructuring plans
Island Offshore Shipholding has announced it has reached agreement in principle on the terms of a proposed restructuring with certain…
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Posh gets work for five vessels in the Middle East
Singapore-based offshore marine services provider PACC Offshore Services Holdings (Posh) has announced new long-term charters for five vessels to Middle…
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Frangou: Dry bulk ‘as difficult a market as ever existed in shipping’
In revealing annual results that saw net losses more than double, Angeliki Frangou, chairman and ceo of Navios Maritime Holdings,…
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Salmon now the biggest fish in the sea for Fredriksen
John Fredriksen’s most valuable equity holding is related to the sea, but is not in merchant shipping and offshore, according…
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Hanjin Shipping prepares asset sales to keep afloat
Hanjin Shipping, South Korea’s top carrier, is in discussions to sell more assets as it fights the downturn, according to…
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Taiwan Stock Exchange warns Evergreen over succession fued
Taiwan Stock Exchange has urged Evergreen Group to handle the management restructuring properly in order not to damage the interests…
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Lifeboats dominate El Faro debate
The 40-year-old El Faro ship, which sank in a hurricane last October 1, was always needing maintenance, its former chief…
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SPP Shipbuilding back in business
SPP Shipbuilding is officially back in business. The Korean yard, stymied by creditors from issuing refund guarantees for months, is now…
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Car carrier price fixing probe launched in Brazil
Brazilian authorities are investigating nine car carrier firms over price fixing. CSAV, Eukor, Grimaldi, Hoegh Autoliners, K Line, MOL, NYK,…
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ICBC Leasing issues $200m shipping assets bond
ICBC Leasing, the financial leasing arm of ICBC, has issued $200m of offshore shipping bonds through a special purpose vehicle…
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Esso terminates Transocean semisubmersible contract
Transocean has received an early termination notice from Esso in Angola for ultra-deepwater semisubmersible . The rig was contracted to…
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Things I think about while running: seafarer obesity
As the big four zero approaches in my life, it did seem to be a race between what’d get there…
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$3m arbitration reward for Glory Wealth
A British High Court judge on Tuesday ruled in favour of Singapore’s Glory Wealth shipping line in an international arbitration…
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