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Saga Tankers commences share buy-back scheme
Oslo-listed Saga Tankers has begun repurchasing its shares by acquiring 7.0m of its own shares on the open market for…
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Hit and run boxship detained in Malaysia
A German containership, , bound for scrapping in South Asia, has been detained by the Malaysian Maritime Enforcement Agency (MMEA),…
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DNV GL’s Tor Svensen retires
One of the most famous names in ship classification, Tor Svensen, is to retire from his position as DNV GL’s…
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Ultrapetrol listing moved to Nasdaq Capital Market
Ultrapetrol has transferred its public listing to the Nasdaq Capital Market from the Nasdaq Global Select Market after failing to…
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Golden Ocean shareholders approve increase in share capital
Golden Ocean shareholders have voted to increase the company’s authorised share capital to $6m, divided into 600,000,000 common shares with…
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NOL delivers disappointing valedictory full year results
Neptune Orient Lines (NOL), the parent of containerline, APL, delivered its full year results, likely for the last time as…
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Eagle Bulk gets another week to solve liquidity crisis
Supramax specialist Eagle Bulk has been granted an extra week of its forbearance period. The NASDAQ-listed firm now has until…
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CMA CGM’s Rodolphe Saadé confirms new alliance discussions
Rodolphe Saadé, vice chairman of CMA CGM, has confirmed the giant French line is holding discussions about creating a new…
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Evergreen Group terminates chairman role as succession war intensifies
Evergreen Group has announced in an internal notice that the board has approved to terminate the top management division of…
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SIVA Shipping denies insolvency reports
Senior management at SIVA Shipping have denied reports carried by Bloomberg and carried in local Singapore media today that is…
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NordLB forms joint venture for restructuring of shipping loans
German bank NordLB has announced a new joint venture with Reederei Offen Group and Caplantic to advise on the restructuring…
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Host of supramaxes put up for sale
Brokers report that a string of fresh supramax candidates are being circulated for sale, but few buyers are willing to…
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DVB poaches HSH’s head of shipping
DVB has poached HSH Nordbank’s top shipping executive. Ingmar Loges, 52, will join DVB’s global shipping management team as co-division…
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Call to press criminal charges over ship deficiencies
When does the level of deficiencies on ships cross the threshold from being a civil wrong to a criminal offence?…
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Seafarer falls to his death carrying out ship maintenance
A 44-year-old Filipino man plunged to his death while carrying out maintenance work on a ship near Lumut in Malaysia…
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El Faro was on list of vessels in need of attention, panel told
The El Faro was on a list of vessels considered to be in need of more safety inspections, according to…
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Police probe Keppel’s Brazilian business connections
Prosecutors in Brazil are investigating possible bribes paid off contracts signed by state-run oil company Petrobras and shipbuilder Sete Brasil…
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McDermott and Larsen & Toubro form Indian subsea collaboration
McDermott International and L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, have signed a long-term exclusive…
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Salvors succeed in righting the Modern Express
Salvors succeeded yesterday lunchtime in righting the car carrier. The Cido-controlled ship listed severely towards the end of last month,…
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US on verge of its first LNG export shipment from a non-Alaskan port
The first export shipment of liquefied natural gas (LNG) from a non-Alaskan US port is in the offing with the…
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