Region
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Service providers flock to Tehran
Shipping service providers are booking flights to Tehran en masse. As the markets remain dour, Iran’s return to the international…
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UASC mega containership damaged by storm on maiden voyage
UASC’s ultra large containership Al Zubara suffered damage and lost containers during a storm on its maiden voyage. The vessel…
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Ports America quits terminal at Oakland
Ports America has announced it is terminating its 50-year lease on the Outer Harbor Terminal at Port of Oakland. The…
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Worker killed at shipbreaking yard in Bangladesh
Another worker at a Bangladeshi ship recycling facility died yesterday. Akkas Ali, 45, was killed by a falling steel plate…
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NYK fixes charter for new wood-chip carrier
Nippon Yusen Kaisha (NYK) has concluded a long-term contract with Hokuetsu Kishu Paper for a new wood-chip carrier. The new…
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Fire hits Star Bulk vessel at the port of Venice
A fire broke out yesterday at the port of Venice on board 2007-built kamsarmax bulk carrier . The vessel, owned by…
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Ex-chief of Petrobras claims bribe money went to election campaign of former national president
The former chairman of Petrobras says that as far back as 2006 he received kickbacks which made their way to…
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Pemex signs MOUs with Saudi Aramco and Mubadala Petroleum
Mexico’s state oil firm Pemex has signed memorandums of understanding (MOUs) with two major Middle East players about potential cooperation…
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Greece braces itself for 48-hour port strike
A 48-hour strike will halt operations at major Greek ports on Wednesday as the Seamen’s Union in Greece protests planned…
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Eagle Bulk holds off its lenders after missed repayment
Eagle Bulk Shipping has signed a forbearance and standstill agreement with its lenders that will hold off any action after…
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Swiber buys stake in Nigerian offshore engineering company
Swiber Offshore Construction has bought a 38% stake in Nigeria’s Deltatek Offshore, which will see the offshore engineering provider become…
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Safe Bulkers post-panamax gets 30-month timecharter
A post-panamax bulk carrier owned by Safe Bulkers has been fixed to an unnamed counterparty on a 30-month timecharter at…
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Iran’s return has yards salivating
So then what to make of the return of Iran – the holder of the world’s fourth-largest reserves of crude…
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Sembcorp Industries may buy back Sembcorp Marine to save it
Singapore’s Sembcorp Industries may inject funds into Sembcorp Marine or buy back the remaining 39% stake it does not already…
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Looming environmental disaster in Quebec as discarded ship could break up
Local authorities in Quebec are warning of a looming environmental disaster if nothing is done to salvage a discarded bulk…
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CNOOC plans to drill 115 wells in 2016
China National Offshore Oil Corporation (CNOOC) is planning to drill 115 exploration wells, acquire approximately 10 thousand kilometres of 2D…
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Wallenius Wilhelmsen Logistics acquires full ownership of CAT-WWL
Wallenius Wilhelmsen Logistics (WWL), has announced that it has entered into an agreement with partner company Groupe CAT to acquire…
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Prisco files for bankruptcy
Arctic tanker specialist Primorsk International Shipping (Prisco) has become the latest line to fold. The company has filed a voluntary…
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GMT Shipping calls time on shipowning
Sources say that the Hong Kong headquartered conglomerate GMT Shipping & Logistics Group has made an exit from shipowning. GMT…
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CMA CGM keen on new Chinese-leased 20,000 teu series
Brokers report that the world’s third largest containerline, CMA CGM, is in China looking to order a series of 20,000…
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