Region
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Grounded MSC containership refloated
The Transportation Safety Board (TSB) of Canada announced that the 1993-built containership had been successfully refloated after running aground in…
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AMP investigates sinking of cargo vessel off Panama Canal
The Panama Maritime Authority (AMP) on Monday began an investigation into the sinking of a general cargo ship that was…
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Gulf Drilling International renews options for more jack-up rigs from Keppel
Gulf Drilling International (GDI) has renewed options for two more KFELS B-Class jack-up drilling rigs from Keppel FELS for delivery in…
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Precious makes $100m from public offering
Thailand’s Precious Shipping has raised THB3.59bn ($99.72m) through a public offering of debentures. Some 3.59m of the units were sold…
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Baltic Dry Index’s three-week rout comes to a halt
The Baltic Dry Index’s seemingly constant decline was halted today, as the index remained at Friday’s level of 354 points.…
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SBM Offshore settles with Brazilian court in Petrobras scandal
SBM Offshore’s CEO and another company executive have agreed an out-of-court settlement with the Brazilian public prosecutor’s office (Ministério Público…
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Finbeta puts chemical tanker up for sale as debt restructuring completed
After four years of negotiations Finbeta has completed its debt restructuring plan with local lender Banca Carige, whose financial exposure to…
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Creditors agree to hand $109m to Hanjin Heavy
Hanjin Heavy Industries & Construction has received an emergency financial injection from creditors worth KRW130bn ($109m). Creditors, led by state-run…
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Thordon Bearings: Seawater-lubricated propeller shaft bearings here to stay
Burlington: Thordon Bearings has welcomed the recent introduction of a new classification society notation allowing extended inspection periods for propeller…
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Greathorse Shipping acquires resale chemical tanker from Eastern Pacific
Brokers report Shanghai-based Greathorse Shipping, part of Tiger Group Investments, has acquired a resale chemical tanker from Eastern Pacific Shipping…
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As Seoul cuts financial lifeline, merger talk reemerges between HMM and Hanjin
The debt situation at South Korea’s two largest shipping lines is causing serious concern in local circles with authorities stating…
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Record shipbreaking volumes likely in 2016
Both BIMCO and Clarkson agree that this year will be a record one for shipbreaking volumes. “With an expected tidal…
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Offshore industry has not learned from past downturns
With reports increasingly suggesting the current offshore downturn will turn out to be worse than the carnage of the mid-1980s,…
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Anthony Veder secures shipping’s first sustainable loan
Gas tanker specialist Anthony Veder has concluded what it describes as the first sustainable shipping loan. The EUR66m private placement…
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Expanding Swire Bulk targets Atlantic trades, keen for more chartering managers
Swire Bulk is targeting the Atlantic dry bulk trades with a new office opening in Miami. The China Navigation Company…
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Egypt denies BP gas ship was turned away due to payment issues
Confusion surrounds an LNG shipment from BP bound for Egypt. LNG tanker British Sapphire was diverted to Brazil rather than…
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Visentini orders roros at AVIC Weihai
Giovanni Visentini Trasporti Fluviomarittimi of Italy has just reached an agreement with the Chinese shipbuilder Avic Weihai to build one…
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Goldenport suspends debt servicing, begins negotiations with lenders
London-listed Goldenport Holdings has suspended the servicing of its debt and is in talks to restructure its loan facilities. The…
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Chinese rail equipment company takes 14% stake of Vallianz
Vallianz Holdings has entered into an agreement with two Hong Kong-based subsidiaries of China’s CRRC Corporation which will see the…
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New Delhi to tender for three new ports
Tenders are due to be launched by the shipping ministry in the next six weeks to develop three Indian greenfield…
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