Region
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Eastern Mediterranean’s new capesize gets first fixture as capes trend up
Dry cargo shipping markets have today seen the capesize market firm, the Baltic Dry Index fall and a capesize owned…
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BP to axe 7,000 jobs over the next two years
BP says it will make 3,000 staff and contractors redundant from its Downstream segment by the end of 2017, in…
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Eagle Bulk extends forbearance period with creditors
Eagle Bulk has extended its forbearance and standstill agreement with its creditors by a further week, which will give the…
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Strike action onboard Eimskip vessels postponed
Industrial action onboard Eimskip vessels has been postponed until February 15 after the Icelandic shipping line came to a “collective…
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Hanseaticsoft: Shipping poor at information management
Hamburg: Shipping companies are poor in general at information management, says one German IT firm in today’s Maritime CEO interview.…
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Vietnamese PM approves Damen’s majority stake in local yard
In a ruling with significant ramifications for foreign investors keen to buy into Vietnamese firms, prime minister Nguyen Tan Dung…
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Maersk Line shifts Asia HQ to Hong Kong
As part of Maersk Line’s massive restructuring it is switching its Asia headquarters from Singapore to Hong Kong. Its two…
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HMM chair will use her own cash to save line
The chairman of Hyundai Group, which controls struggling Hyundai Merchant Marine (HMM), is willing to inject her own capital to…
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Siem Offshore terminates with Marine Engineering Diving Services
Siem Offshore announced today that is has terminated the contract for multipurpose field & ROV support vessel , which was…
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Songa Offshore closes in Aberdeen and Korea, 200 jobs to go
Midwater drilling contractor Songa Offshore has announced a transformation of the organisation which will see up to 200 jobs lost.…
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ZIM restructures to focus on profitable areas
ZIM Integrated Shipping Services, which has changed shape like plasticine in recent years, has announced another restructuring. The Israeli containerline…
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Cosco and China Shipping restructuring plan approved by shareholders
The listed entities of Cosco Group and China Shipping Group have all announced that the shareholders of the companies have…
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United Arab Chemical Carriers adds two
Brokers report that United Arab Chemical Carriers has opened its wallet, adding two modern chemical tankers. Brokers say the Dubai-headquartered…
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China Merchants Group and CIMC in talks to merge offshore business
China Merchants Group and China International Marine Containers (CIMC) are currently in talks to merge their offshore businesses. Splash can…
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Oslo provides some relief for laid-up OSVs
Providing some relief for hard-pressed OSV owners, Norway’s industry minister has just announced that all laid up OSVs in the…
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Another blow for Port of Oakland as Outer Harbor Terminal files for bankruptcy
The Port of Oakland expressed disappointment at Monday’s decision of Outer Harbor Terminal to file for Chapter 11 bankruptcy. The…
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D’Amico sells MR tanker to Akar Shipping
Several market sources are reporting that d’Amico International Shipping is selling one of its tanker ships to a Turkish shipping…
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Star Bulk confirms capesize sale
Star Bulk Carriers has announced the sale of five-year-old capesize for $23.3m as reported by Splash last week. The Japanese-built…
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Former international head of Petrobras handed 12-year jail term for corruption
The former head of Petrobras’ international division was jailed for more than 12 years on Monday for his role in…
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Aker Solutions scores MMO contracts from ConocoPhillips
Aker Solutions has announced that its maintenance, modifications and operations (MMO) business in Norway secured two contracts for work at…
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