Region
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Port Metro Vancouver officials dismiss ‘oil spill’ photo
Fears of an oil spill in Vancouver Harbour have been dismissed despite photos that appeared on Facebook suggesting something irregular…
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US offshore regulatory bodies in line for budget hikes in 2017
The bodies charged with regulating offshore oil and gas exploration and extraction in the US stand to be better funded…
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Denmark stands out among the top 10 largest shipowning nations
Data illustrating the world’s top 10 shipowning nations released Wednesday by online pricing vehicle VesselsValue.com marks Denmark out as the…
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US Department of Justice probes SBM Offshore bribery claims
SBM Offshore has revealed US authorities have reopened an inquiry into bribery allegations involving the Dutch company. SBM paid out…
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Golar LNG Partners buys FSRU from Golar, secures $800m loan
Golar LNG Partners is to acquire the Golar Tundra floating storage and regasification unit (FSRU) from the vessel’s current operator…
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Three hospitalised following fire on ship calling at Singapore
Three people were hospitalised this evening following a noxious fire inside a container on a ship calling at Singapore’s Pasir…
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Ardmore secures $64m loan to support growth
NYSE-listed Ardmore Shipping has agreed a $64m senior secured term loan with Credit Agricole Corporate and Investment Bank to help…
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Leading container lines offer to change pricing structure after EC anti-trust probe
Maersk, Mediterranean Shipping Company (MSC), CMA CGM and 12 other container carriers have offered to change their pricing structures to…
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Hapag-Lloyd adds eight containerships to its fleet
German container line Hapag-Lloyd has bought two secondhand containerships and has chartered in another six vessels, which increases its operated…
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McDermott closes Aberdeen office
Offshore industry newsletter Frontrunner is reporting American offshore engineering specialist McDermott is drastically cutting back its plans for the North…
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Hansson sounds off as Nordic American Tankers declares another dividend
Just after Nordic American Tankers (NAT) posted “the strongest full-year cash flow in the company’s history” this week, chairman and…
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Intelsat: Ship-to-shore data traffic could increase by 60% in coming 3 years
McLean: Demand for broadband connectivity at sea has never been greater with shipping companies using broadband access to improve day-to-day…
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ConocoPhillips gets approval to export LNG from Alaska terminal
US authorities on Tuesday approved Houston-based ConocoPhillips to export liquefied natural gas (LNG) once again from its Kenai terminal in…
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Husky Energy slashes more jobs in response to oil price slump
Canada’s Husky Energy announced on Tuesday it has eliminated an unspecified number jobs in a new round of cutbacks as…
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Mercator offloads dry bulk subsidiary for nominal S$3
$2.16. That’s the nominal US dollar sum India’s Mercator has sold its dry bulk subsidiary for today in Singapore at…
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Maersk Oil burns big hole in Danish giant’s financials
The eagerly anticipated Maersk Group results out this morning suggest shipping and especially offshore is in for a very harsh…
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Amazon applies for broker status with the Shanghai Shipping Exchange
Further signs are emerging that American online retail giant Amazon is gearing up to become a fully fledged transport operator…
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Investigators struggle to explain Modern Express listing
Investigators are at a loss to explain how the ran into such difficulties. The crew from the Cido controlled car…
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‘Markets can stay irrational far longer than you can stay solvent’: Hashim’s Keynesian bulk warning
Khalid Hashim, the veteran managing director of Thailand dry bulk firm Precious Shipping, has warned in his firm’s annual review…
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North Korea continuing to evade UN shipping sanctions
Ocean Maritime Management (OMM), a shipping company belonging to the Democratic People’s Republic of Korea (DPRK aka North Korea), continues…
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