Region
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HMM’s shares plunge 20% on North Korean links
Adding further woe to its prospects of survival, the share price in South Korea’s Hyundai Merchant Marine plunged a record…
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RBS renews efforts to divest ship finance arm
Royal Bank of Scotland (RBS) is a step closer to offloading its ship finance assets. Sky News is reporting that…
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Genshipping Pacific Line: Unbridled overcapacity fuelling panic
Singapore: In a sobering interview with Maritime CEO today a leading name in the Asian project-shipping scene warns of an…
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SBM Offshore plans further job cuts after shedding 3,200 staff in 2015
Dutch floating production specialist SBM Offshore has revealed a total of 3,200 positions were cut during 2015 and already more…
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Wilhelmsen spins off Treasure entity holding Hyundai Glovis stake
Wilh. Wilhelmsen has revealed plans for Den Norske Amerikalinje, which owns a 12% shareholding in Hyundai Glovis, that will see…
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Epic Gas puts older gas carriers in the shop window
In revealing its full year results today Singapore’s Epic Gas has let it be known it is keen to offload…
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Safe Bulkers offloads three bulkers to Hajioannou
In its latest set of results published overnight, Safe Bulkers has revealed that it has sold three vessels to entities…
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Kyoei Tanker in for a VLCC
Kyoei Tanker has turned to compatriot shipbuilder Japan Marine United (JMU) for a 311,000 dwt VLCC. The ship will deliver…
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Technip scores Statoil double
France’s Technip has won a pair of lump sum contract for infield pipeline construction for Statoil at the Johan Sverdrup development…
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Coalition formed to sue Petrobras on behalf of Europe-based investors over corruption scandal
Brazil’s troubled state oil firm Petrobras faces possible new legal challenges from a coalition of groups representing international investors based…
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Petrofac scores Zennor Petroleum North Sea contract
Oil and gas service provider Petrofac, via subsidiary SPD, has won a contract from Zennor Petroleum to provide well design…
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Pemex’s new CEO says job cuts are not inevitable
The newly installed CEO of Mexico’s state oil firm Pemex has said that while restructuring of the struggling entity is…
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Port worker killed in Florida
A worker at Port Everglades was killed late yesterday afternoon when he was struck down by a tractor-trailer as he…
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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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