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Detained German bulker allowed to leave Duluth Harbour
A day after being permitted to dock in Duluth Harbour, German cargo vessel has been allowed to leave the Lake…
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Golar LNG Partners authorises $25m share buyback programme
The board of NASDAQ-listed Golar LNG Partners has authorised a repurchase programme in which the partnership may spend up to…
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Diana capesize gets discounted timecharter extension from Rio Tinto
Rio Tinto Shipping (Asia) has extended its timecharter of Diana Shipping’s capesize by a further 13 to 18 months for…
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Ship Finance International orders two LR2 product tankers in Korea
Fredriksen-led Ship Finance International (SFI) has ordered two 114,000-dwt LR2 product tankers at a shipyard in Korea. The tankers will…
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Maersk Oil hires Polarcus for 4D survey in offshore Denmark
Maersk Oil has signed a letter of intent (LOI) on behalf of the Danish Underground Consortium (DUC) with Polarcus, under which the…
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Aker Solutions and Saipem cooperate on subsea oil and gas projects
Aker Solutions and Saipem are to work together on subsea oil and gas projects by combining Aker Solutions’ subsea products…
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Fredriksen promotes daughters, ditches Lunder
John Fredriksen, 71, has made succession plans to get his daughters more involved in his diverse business empire, while officially…
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Emarat Maritime: Where rates will head in 2016
Dubai: This year marks the quarter century mark that Captain Jitendra Misra has worked for Emarat Maritime, including 17 years…
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Spanish shipyard financing scheme ruled legal
Spain’s shipyards have been given a huge fillip with Europe’s second-highest court yesterday green lighting a Spanish tax lease scheme…
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Magnus Lander named new TransAtlantic boss
TransAtlantic has decided to promote from within in its hunt for a new managing director. Magnus Lander will take the…
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Grim outlook for heavylift sector hit by too many speculative orders
SAL Heavy Lift, the German subsidiary of Japan’s K Line, admits it has witnessed a tough 2015 and foresees a…
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Bill approved to improve cyber security at US ports
Politicians in Washington have approved a bill to boost cyber security at US ports. The Strengthening Cybersecurity Information Sharing and…
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Teekay sells aframax pair for $28m each
Brokers report that Teekay has sold two aframaxes to Greece’s Estoril Navigation. Estoril Navigation declined to comment when contacted by…
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Latvian Shipping Company plans IPO
Latvian Shipping Company (LSC) will push ahead with an initial public offering next year in a bid to raise EUR80m.…
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CSC Phoenix resumes stock trading, switches to dredging
CSC Phoenix, formerly the domestic dry bulk shipping arm of state-run logistics giant Sinotrans & CSC, has resumed stock trading…
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Shell terminates contract for infamous drillship
On the same day that another drillship named Discoverer was given an early termination, Noble Corporation has announced that Shell…
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KCA Deutag awarded up to $1bn of contracts by BP
Drilling and engineering contractor KCA Deutag has announced that it has been awarded two contracts by BP Exploration (Caspian Sea)…
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New owner for Weihai Samjin Shipyard
The restructuring plan for bankrupt Weihai Samjin Shipyard has been approved by both creditors and the local court and the…
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Statoil cuts short Transocean drillship contract
Statoil has terminated a contract with Transocean for the drillship , which was scheduled to run through to the end…
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Brazilian authorities arrest 12 in Petrobras bribe scheme involving agents for SBM Offshore
Brazilian authorities on Thursday charged 12 people in relation to improper payments made in deals involving the state oil firm…
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