Region
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Brightoil acquires ten bunker barges
Hong Kong-listed Brightoil has announced that its Singapore subsidiary has entered into an agreement with Shenzhen Brightoil Shipping, a company…
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Shipmanangement legend Roberto Giorgi retires
Today marks the last day on the job for legendary shipmanagement personality Roberto Giorgi. Giorgi, who’s most recent role has been…
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ConocoPhillips and NuStar claim to be first to export US oil since ban lifted
Two Texas-based companies claim to have beaten to the punch another firm from the Lone Star State in being the…
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Scorpio Bulkers sells its last five capesizes, plans reverse stock split
NYSE-listed Scorpio Bulkers has sold five of its Korean-built capesize bulk carriers for a total of $167m and has announced…
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USCG evacuate possible stroke victim from tanker offshore New Jersey
A man suffering a suspected stroke was medevacked from a tanker off Cape May, New Jersey, the US Coast Guard…
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Sadler takes private equity role
Not hanging around since leaving Lloyd’s Register (LR), Richard Sadler will start January 1 as CEO of London-based private equity…
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Noble responds to Moody’s junk status rating
In a horrid end to a very trying year Hong Kong’s Noble Group has been deemed junk status by a…
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Petrobras adds fifth FPSO in Lula field
Petrobras has deployed a fifth FPSO at the Lula Field in the Santos Basin, offshore Brazil. Brazil’s state oil company…
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Petrobras sells Gaspetro stake to Mitsui
Brazil’s troubled state oil giant Petrobras has sold off a chunk of its natural gas distribution business, known as Gaspetro,…
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Russian and Iranian shipyards sign agreement to build oil rigs
Iranian shipbuilder ISOICO and Russian yard Krasnye Barrikady have signed an agreement to jointly build rigs for oil and gas…
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DOF wins late year double
Norway’s DOF has announced two new contracts won by its subsidiaries, both of which commence during December. DOF Rederi has…
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India pushes ahead with LNG fuel plans along its rivers
Taking a leaf out of China’s bid to clean up the Yangtze, India is pushing ahead with big reforms along…
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Wuzhou Shipyard becomes first state-run shipyard to go bust
Zhoushan Intimidate People’s Court has announced that it has accepted an application from Zhejiang Shipping Group to liquidate its shipyard…
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Bank of China applies to liquidate Sainty Marine
Sainty Marine has announced that one of its creditors, a Nantong branch of Bank of China, has applied with Nanjing…
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Seafarer dies onboard Russian reefer vessel detained in Dalian
A crew member onboard Russian reefer vessel has died while the vessel remains detained at Dalian Port in China, according…
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Subsea 7 gets work offshore Egypt
Subsea 7 has secured a contract from Burullus Gas Company for the platform extension and tie-in on the first phase…
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Philly Shipyard secures $150m financing for product tanker quartet
Philly Shipyard, formerly Aker Philadelphia Shipyard, has secured a $150m loan facility from Caterpillar Financial Services Corporation to finance the…
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China Merchants and Sinotrans & CSC merger to take more than three years
With China’s State Council approving China Merchants Group’s acquisition of Sinotrans & CSC Holdings yesterday, a source at a listed…
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Golar LNG linked to GAIL gas contracts
Local media in India suggest Golar LNG is in negotiations with energy firm GAIL to ship gas from the US…
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Seoul launches $1.2bn ship investment scheme
The government of South Korea has come to the aid of the nation’s struggling shipping lines, launching a $1.2bn ship…
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