Region
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Daiichi Chuo rescue on the cards
Daiichi Chuo Kisen Kaisha, the financially struggling Japanese bulker operator that went under last September, is looking to seal a…
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Elbe grounding of giant boxship draws ire
With two attempts to dislodge it, the giant is likely to remain stuck on the bed of the river Elbe…
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‘In tough times Hong Kong really shows its mettle’
Wah Kwong’s Tim Huxley writes for Splash on how the Special Administrative Region is a good place to hunker down…
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Local government helps Sinopacific Shipbuilding pay worker salaries
Over 100 employees from Sinopacific Shipbuilding’s Dayang Shipyard protested at a local district government office in Yangzhou to complain about…
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ICBC and Antwerp Port collaborate
Antwerp Port Authority has signed a Memorandum of Understanding (MoU) with the Industrial and Commercial Bank of China (ICBC) to…
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Fugro lands Pyrenees contract offshore Australia
Fugro has won a contract from Australia’s BHP Billiton Petroleum for work at the Pyrenees Phase 3 installation project offshore…
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SapuraKencana confirms contracts worth $382m
SapuraKencana Petroleum has announced that companies within the group have been awarded two new contracts and a contract extensions worth…
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Weatherford International to cut 6,000 jobs
NYSE-listed oil-field services company Weatherford International has announced 6,000 job cuts in the first half of 2016 in response to…
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Baltic Dry Index falls below 300 points for first time, experts pessimistic
The Baltic Dry Index has fallen a further five points to reach 298 today, falling below the 300-mark for the…
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Sarawak field contractor ceases operation, ends service contract with Petronas
BC Petroleum (BCP) has ceased operation and has agreed with Petronas to terminate its small field risk service contract (SFRSC)…
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Diana buys three panamax bulkers in distressed debt deal
Greece’s Diana Shipping has signed memoranda of agreement (MoA) to acquire three panamax bulk carriers for a total $39.8m from…
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Seafarers invited to help manufacturers improve onboard design
Shipping has not been especially good at asking the users of its assets – the seafarers – how to improve…
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19,000-teu containership is still stuck, rescue attempt abandoned
One of the world’s largest containerships is still aground in the River Elbe outside Germany’s Port of Hamburg after a…
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Panama Canal Authority says expansion will be complete by end of June
The head of the Panama Canal Authority (ACP) said on Wednesday that the long-awaited expansion of the great commercial waterway…
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2 million sign petition against offshore drilling on US east coast
Green activists on Wednesday delivered to the White House a petition of 2 million signatures calling for the reversal of…
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Shipowners still have not improved shipbreaking practice, says NGO
In spite of mounting pressure from governments and lobbyists, during 2015 shipowners continued to scrap vessels at shipbreaking yards known…
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Investor bids for Danang port
Ocean Mineral Investment Holding Company is seeking approval from Vietnam’s transport ministry to buy all the shares owned by Vietnam…
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Posthumous presidential commendation for Chang Yung-fa
Taiwan’s outgoing president Ma Ying-jeou honoured Evergreen Group founder Dr Chang Yung-Fa with a posthumous commendation in recognition of his…
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Aveva: Helping shipyards to a record output
Cambridge: Shipbuilding might be going through one its lean periods, but paradoxically this has led to ever greater efficiency in…
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Western Bulk changes name, holds off payments to creditors
Under pressure Norwegian owner Western Bulk is changing its name to Bulk Invest and holding off all payments to creditors…
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