Region
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Vessel allides with bridge on Eems river
A general cargo vessel has allided with a railway bridge over the Eems river in Germany, heavily damaging the structure…
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Prosafe raises $69.5m through private placement of shares
Prosafe has raised gross proceeds of NOK 590m ($69.5m) through a private placement of around 9.99% of its outstanding shares,…
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China VLCC ordering 10 VLCCs
China Merchants Energy Shipping (CMES) has announced today that the board has approved a plan for China VLCC, a tanker…
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Taylor Maritime: Chip off the old block
Linda Ho smiles as she recalls how she tried to persuade her godson when he was young not to take…
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Mastermind behind Orkim Harmony hijacking caught on Batam
In news which may raise a few eyebrows in nearby Singapore, Indonesian police in Batam yesterday have captured Heintje Lango,…
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Petrorio extends BW Offshore FPSO Polvo contract
BW Offshore has said today that Petrorio has extended the contract for , operating offshore Brazil, for a further two…
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Super-Eco orders two tankers at Dae Sun Shipbuilding
Greek shipowner Super-Eco Tankers Management has placed order for two 50,000dwt tankers at Korea’s Dae Sun Shipbuilding & Engineering. The…
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Courage Marine closes operations in Taiwan and Shanghai
Hong Kong-listed Courage Marine has announced that it has disposed of its entire interest in two subsidiaries, Courage Maritime Technical…
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TCC and USC makes emissions breakthrough
Hong Kong shipowner Tai Chong Cheang Steamship (TCC) and the University of Southern California’s Viterbi School of Engineering have announced…
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Petrobras reveals 32 companies have been barred while corruption probes continue
Petrobras has revealed that 32 companies are barred from doing work for Brazil’s state oil giant while corruption probes continue.…
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One belt, one road, and one very blurry supply chain benefit
It is big. It is bold. It is talked about. It is … well … complicated. From the distance, it…
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Dorian LPG fixes newbuild VLGC
Dorian LPG has fixed newbuild VLGC Commander on a five-year time charter to an undisclosed major Asian oil company. The…
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Bill to end US oil-export ban passes in House of Representatives
The US House of Representatives on Wednesday passed a bill to lift the longstanding ban on US oil exports, although…
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TMS Cardiff Gas orders two more VLGCs
TMS Cardiff Gas has exercised options on its contracts at Hyundai Heavy Industries (HHI) in South Korea and has ordered…
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CMA CGM gets financing for NOL takeover
French container line CMA CGM has secured “firm commitments” from banks to finance its purchase of a 67% stake in…
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Euroseas stacks shelf for securities sale that could raise up to $400m
NASDAQ-listed Euroseas has filed a prospectus with the US SEC, which will allow the Athens-based shipowner to potentially sell up…
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Five arrested for embezzling EU funds from Cyprus’ Dept of Merchant Shipping
Police in Limassol today arrested five people in connection with the misappropriation of €72,000 in EU funds from Cyprus’ Department…
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CNOOC signs production sharing contract with Husky in South China Sea
China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Husky Oil Operations (China) for Block…
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Contractor says new Panama Canal locks will be repaired in January
The problematic third locks of the Panama Canal will be repaired in January 2016 according to the Panama Canal Authority…
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Daiichi Chuo could be broken up as part of rehab plan
Senior management at bankrupt Daiichi Chuo Kisen Kaisha is debating whether to seek support for its rehabilitation as a group…
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