Region
-
Mercator quits dry bulk
Mercator Lines (Singapore) (MLS) is exiting dry bulk. The Singapore-listed arm of the Indian owner outlined plans to divest itself…
Read More » -
Geden sells 4 supramaxes en bloc
Brokers report that Turkish owner Geden Lines has just offloaded four geared, Vietnamese-built supramaxes for $10m each to a Greek…
Read More » -
India to launch local P&I Club
An Indian P&I Club is on the cards as part of New Delhi’s ‘Made in India’ drive. The government is…
Read More » -
Agritrade Resources confirmed as buyer of Euronav VLCC
Hong Kong-listed Agritrade Resources has announced that its subsidiary, Sea Oriental Line, has entered into an agreement with Euronav for…
Read More » -
EC investigates Antwerp port over state aid claims
The European Commission is investigating alleged state aid to two container terminal operators at the port of Antwerp, it was…
Read More » -
JX Nippon takes Odfjell Drilling semi-submersible
JX Nippon Exploration and Production (U.K.) has contracted Odfjell Drilling semi-submersible for the drilling of a single well on the…
Read More » -
Yangzhou Guoyu Shipyard caught in worker salary dispute
China’s Yangzhou Guoyu Shipyard, a subsidiary shipyard of Wuhan Guoyu Group, is caught in a salary dispute with its employees…
Read More » -
Two dead from intoxication at Ningxu Shipbuilding
Five workers at Nanjing Ningxu Shipbuilding suffered from intoxication in a vessel under construction at the yard on Friday. According…
Read More » -
Lionel Lee share sale draws ire from Ezra investors
Ezra Holdings investors are up in arms after the company revealed on Friday afternoon that CEO Lionel Lee had offloaded…
Read More » -
SPP allowed to issue refund guarantees after 18-month hiatus
SPP Shipbuilding, which is likely to be sold soon, has celebrated a landmark moment in its rehabilitation. For the first…
Read More » -
Augustea and Gestion Maritime offloading panamaxes
Italy-based Augustea and Monaco-based Gestion Maritime are offloading two similar 20-year-old panamax bulk carriers, selling them for scrap in Bangladesh.…
Read More » -
Giant gas reserve found off Israel
A huge gas reserve off Israel was announced on Sunday. Two local firms – Isramco Negev and Modiin Energy –…
Read More » -
SIPG to operate giant new Algerian port
In a big advance for its global aspirations Shanghai International Port (Group) (SIPG) has been granted the concession to operate…
Read More » -
Taiwan International Ports Corporation plans Subic Bay Freeport investment
Taiwan International Ports Corporation (TIPC) has showed its interest to invest in Subic Bay Freeport in the Philippines. “Subic is…
Read More » -
Change of direction for Sri Lanka Shipping
Sri Lanka Shipping Co has outlined a new business strategy ditching bunkering and port agency businesses in favour of other…
Read More » -
MPI Offshore wins Dutch offshore wind contract
MPI Offshore has announced that its wind turbine installation vessel MPI Resolution has been contracted by RWE for the removal…
Read More » -
Algoma Central and Nova Marine cement new joint venture
Canadian firm Algoma Central Corporation and Italian shipower Nova Marine Holding, based in Luxembourg, have formed a joint venture which will…
Read More » -
Brazilian authorities in leniency talks with companies implicated in Petrobras scandal
In a bid to unclog the arteries of Brazilian business and trade, authorities are talking deal with 10 firms implicated…
Read More » -
Toxic smoke continues to hamper operations in Port of Santos
Some port operations continued to be disrupted by the effects of toxic smoke at Brazil’s Port of Santos on Friday,…
Read More » -
Paragon Offshore in talks with creditors as bankruptcy looms
Struggling US drilling contractor Paragon Offshore announced on Friday that it has decided not to make a due interest payment…
Read More »