Region
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Mega ship repair yard planned for northeast Brazil
Plans are under way for a huge new ship repair yard to be built near the Port of Cabedelo in…
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NTSB says bridge of sunken El Faro has been found
The US National Transportation Safety Board (NTSB) announced on Thursday that the navigational bridge of the sunken cargo ship El…
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Pioneer Marine rejigs orderbook amid falling bulker prices
Arguably Singapore’s fastest growing shipowner Pioneer Marine has made big changes to its orderbook to make the most of opportunities…
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Nordic American Tankers increases shareholding in NAO
Nordic American Tankers (NAT) is to increase its stake in Nordic American Offshore by 6.7% through the acquisition of 1,521,300…
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Sino-Global gets share price warning from NASDAQ
Sino-Global has received a notice of non-compliance from NASDAQ that could threaten the China-backed company’s listing on the stock exchange.…
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Höegh LNG faces investor wrath over incorrect financial statements
News yesterday that Höegh LNG Partners has decided to restate its financial results for the whole of 2013, 2014 and…
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Peru slashes royalties on oil and gas production to boost exploration
Peru is slashing royalties on oil and gas production to incentivize exploration and development of potential fields including several offshore,…
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Iceland’s president calls for coordinated Arctic port development
Singapore, where average daily temperatures hover around 30 degrees Celsius, does seem to be on a quest to fill out…
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Saudi Aramco eyes JV yard with Hyundai Heavy
Having just put one planned yard with Singapore’s Sembcorp Marine on the backburner, Saudi Aramco is eyeing up Hyundai Heavy…
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Direct Search Asia: HR issues in Singapore
Singapore: Recruitment firm Direct Search Asia is now very firmly hitting its stride. Founded last year by Jason Tay, who…
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Rolls-Royce slashes offshore marine forecasts, prepares further cost cuts
An interim report from Rolls-Royce shows how dire the offshore marine sector is likely to be going forward. The company…
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Mittals fight for control of Singapore subsidiary
Mercator Lines (Singapore) has moved to suspend its stock from trading in the Lion Republic as Germany’s HSH Norbank applies…
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Four SSY brokers quit in Singapore to form own firm
Four S&P shipbrokers have quit Simpson Spence & Young in Singapore to form their own broking outfit called Avalon Shipbrokers.…
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Seven yards make China’s new offshore white list
China’s Ministry of Industry and Information Technology (MIIT) has released the first white list for offshore shipyards, having issued a…
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Ardmore sells small chemical pair for $38.5m
Ardmore Shipping has sold two 17,600 dwt five-year-old chemical tankers – and Ardmore Capella – for a total of $38.5m…
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NYK and Astomos sign for twelfth VLGC
Nippon Yusen Kaisha (NYK) has concluded another time-charter contract for a new VLGC with Astomos Energy Corporation, the giant Japanese…
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F. Laeisz gets $65m financing deal from ICBC
German owner F. Laeisz has signed a financing deal with Chinese bank ICBC in order to support its newbuilding projects…
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Former CNOOC senior official admits crimes
A senior official of state-run energy giant China Offshore Oil Corporation (CNOOC) has pled guilty at a court trial held…
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Liner heavyweights enter the ring for NOL crown
One thing we can say about Neptune Orient Lines’ (NOL) likely winning suitor is they have blue hulls. My take…
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Wallem in China manning first
Wallem has a new business just across the border from its Hong Kong headquarters. Wallem Maritime Services (Shenzhen) is licensed…
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