Region
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Chinese grain imperatives
SinoShip’s Mark Downing on China’s quest for food security. Roughly a tenth of seaborne dry bulk goods is composed of…
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Cheniere signs five-year deal to supply LNG to France’s Engie
Houston, Texas-based Cheniere Energy has signed a five-year deal to supply France’s Engie S.A. with cargoes of liquefied natural gas…
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Shandong Shipping applies for listing on NEEQ
Shandong Shipping has announced that it has applied for the listing on National Equities Exchange and Quotations (NEEQ). The controlling…
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NYK Line takes full control of its Vietnam subsidiary
NYK Line has announced that it has purchased the 49% equity shares in NYK Line (Vietnam) from its local joint…
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Tianhai Investment spends $346m on credit firm
Tianhai Investment, formerly Tianjin Marine, has announced that it plans to spend up to RMB2.2bn ($346m) to acquire a 27%…
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Gener8 gets $60m loan for VLCC newbuilding
Gener8 Maritime has secured a term loan facility worth around $60,174,000 from Blue Mountain Capital to fund the payments remaining on…
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TEN orders two suezmaxes at Sungdong
Tsakos Energy Navigation (TEN) has ordered two new suezmax tankers at South Korea’s Sungdong shipyard, brokers tell Splash. No contract…
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Vitol orders three suezmax tankers
Vitol has ordered three suezmax crude tankers from South Korea’s Sungdong shipyard for $66m each, brokers tell Splash. The 158,000-dwt…
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$1bn needed to make Seattle-Tacoma ports competitive
The recently formed North West Seaport Alliance (NWSA), comprising the ports of Tacoma and Seattle, needs an investment of hundreds…
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Los Angeles and Long Beach strike escalates
The strike and picket action by truck drivers who work at the ports of Los Angeles and Long Beach cranked…
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Petronas hires jack-up rig from UMW Offshore Drilling
Malaysia’s UMW Offshore Drilling is to provide one of its jack-up drilling rigs to Petronas Carigali for up to eight…
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Farstad sells AHTS vessel
Farstad Shipping’s Singapore subsidiary has sold its anchor handling tug supply vessel (AHTS) (5,453.6 bhp) for its “book value”, but…
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AET orders eight tankers for $500m
American Eagle Tankers (AET) has ordered eight product and crude tankers from two South Korean yards for delivery in 2017…
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ECSA: Call for smarter legislation
Brussels: Smarter, better and complimentary legislation. That’s what European shipowners want from politicians and regulators, according to Thomas Rehder, chairman…
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China Exim Bank and ING Bank ink ship financing agreement
Chinese state policy bank China Exim Bank has signed a $1bn ship financing MOU with Dutch banking and financial services…
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Chandris hit with $1m pollution fine
Greek owner Chandris has agreed to pay a $1m fine for dumping pollution into the Texas Gulf Coast. The owner…
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Unique Group acquires Oceanwide
Sharjah-headquartered subsea and offshore solution provider Unique Group, has announced that it has acquired OceanWide Safety at Sea, a specialist…
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APL stumps up $9.8m in dispute with the Pentagon
APL, the container arm of Singapore’s Neptune Orient Lines (NOL), will pay the US government a $9.8m fine to smooth…
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New boxship design gets rid of engine rooms
French LNG containment specialist GTT, along with French containerline CMA CGM (and its subsidiary CMA Ships) and classification society DNV…
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Neptune Pacific branded greedy by Nauru minister
A shipping line providing the only maritime freight link to Nauru, a tiny spec in the South Pacific, has been…
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