Region
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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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HCI Capital takes over König & Cie
The HCI Group, a German private equity firm, has acquired the majority stake in the König & Cie. Group. “The…
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Fleet sale on the cards for Mercator’s bulkers
In further updates to yesterday’s news that India’s Mercator has decided to wind up its Singapore dry bulk business, the…
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Siem Shipping takes newbuild reefer pair on five-year charters
Siem Shipping has announced an agreement with a Japanese owner to take two newbuild reefer vessels on time charter for…
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Conditions onboard some ships in the North Sea described as ‘purgatory’
A Scottish government committee asked the UK Coastguard Agency yesterday to respond to safety concerns as trade unions have described…
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Sainty Marine seeks court approval for restructuring
Shenzhen-listed Sainty Marine has announced that Nanjing Intemediate People’s Court has held a hearing to inquire opinions for the feasibility…
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Chevron signs LNG supply deal with ENN Energy
Energy major Chevron has signed a signed a preliminary agreement with China’s ENN LNG Trading, a unit of ENN Energy,…
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CSSC ups investment in Chengxi Shipyard
China State Shipbuilding Corporation (CSSC) has announced that it plans to invest RMB400m ($60.8m) into its affiliate company Chengxi Shipyard…
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Amec Foster Wheeler CEO steps down
Amec Foster Wheeler has announced that Samir Brikho is stepping down as chief executive after nine years in the role.…
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Petrobras exceeded offshore oil output target for 2015
Brazil’s state oil giant Petrobras had some rare good news with the announcement that it had exceeded its target for…
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Falkland Oil and Gas with Rockhopper Exploration merger complete
Two leading firms in Falkland Islands offshore oil exploration have completed their merger, it was announced on Monday. The UK-based…
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Capesize values hit lowest level since 1992
The market value of a five-year-old capesize vessel has hit its lowest level in over 24 years, according to data…
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