Region
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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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Call for Nigerian ship finance bank
The head of the Nigeria Ship Owners Association (NISA) has called for the establishment of a dedicated local shipping bank.…
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Triyards diversifies further with new oil barge contracts
Singapore’s Triyards has announced that it has secured contracts to build two oil barges worth $21.82m from new client CPC…
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Traffic hit as USCG closes section of Mississippi River due to floodwaters
The US Coast Guard (USCG) on Tuesday closed a portion of the Upper Mississippi River to all vessel traffic because…
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Korea Line sells VLGC hit by explosion to Chinese buyers
A VLGC onboard which an explosion killed two crew during 2014 has been sold by Korea Line to Chinese interests…
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Samudera Shipping sells two small tankers
Indonesia’s Samudera Shipping Line has sold two of its small tankers, Sinar Tokyo (2,900 dwt, built 2004) and Sinar Bukom (3,100 dwt, built…
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State approves China Merchants’ purchase of Sinotrans & CSC Holdings
China Merchants has received approval from China’s Assets Supervision and Administration Commission of the State Council for its proposed acquisition…
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Keppel Offshore & Marine scores four new contracts
Singapore’s Keppel Offshore & Marine has won four new contracts from repeat customers worth a total of around S$125m ($88.7m). Keppel…
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Bodies of missing Thorco Cloud crew found
Thorco Shipping has today issued a release saying that local search and rescue teams over Christmas recovered three lifeless bodies…
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