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Royal IHC buys UK subsea firm Fraser Hydraulic Power
Royal IHC has acquired Fraser Hydraulic Power (FHP), an offshore, marine and subsea technology firm based in Newcastle, UK. The…
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Star Bulk delays four bulker newbuildings
Star Bulk has agreed with its shipbuilders to delay delivery of four of its 19 newbuildings until 2016. The four…
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Sembcorp to build FSO for MODEC
Singapore-based shipyard Sembcorp Marine Rigs and Floaters (SCM) is to build a floating storage and offloading (FSO) for MODEC Offshore…
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A.G. Pappadakis and Co: Of dry bulk and bubblegum
Athens: Shipping rates sooner or later will recover but market consolidation – similar to what is happening in the aviation…
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Container shipping’s business model called into question
Container shipping’s business model was called into question today at the Asian Logistics and Maritime Conference in Hong Kong. Chris…
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Precious Shipping cancels another two bulkers at Sainty Marine
Sainty Marine has announced today that it has received a notice from Thai owner Precious Shipping for the cancellation of…
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Angelicoussis back at DSME for pair of VLCCs
Angelicoussis Shipping Group has returned to its favourite Korean yard for more VLCCs. The Greek owner has opted for two…
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Black Sea will be able to welcome 10,000 teu boxships soon
The construction of a deepwater berth at the NUTEP terminal in the Black Sea port of Novorossiysk will allow Russia…
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A.P. Møller-Mærsk issues Eurobonds
A.P. Møller-Mærsk made the most of cheap financing yesterday issuing its first Eurobonds in three years. The Danish shipping giant…
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Box Ships announces delisting from New York
Greek container shipping company Box Ships has announced that the New York Stock Exchange (NYSE) has notified the company that…
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Sembcorp Marine fires back on Marco Polo rig cancellation
Sembcorp Marine has announced that its subsidiary PPL Shipyard has not received any notice of contract termination from Marco Polo,…
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Singapore’s talent pool exhaustion
Like it not, the Singapore government needs to change its immigration rules. For the third year running the single issue…
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German bulker held in US for environmental reasons
A German bulk carrier held by US authorities in Lake Superior for a fortnight is being investigated for “alleged violations…
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Exmar partners with Swan Energy for India’s first FSRU terminal
Exmar has announced that it has entered into an agreement with Swan Energy for the joint development and operation of…
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Georgia and South Carolina sign Jasper Ocean Terminal jv
The port authorities of Georgia and South Carolina have signed a joint venture agreement that brings closer the development of…
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Dong A Tanker sells two brand-new MRs
South Korea’s Dong A Tanker has sold two of its newly delivered MR product tankers to Greek buyers for $69.6m…
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Unions at odds over FUP call to suspend strike against Petrobras
One of the key member unions of the FUP confederation appears to be splitting from its parent body on whether…
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NGO Shipbreaking Platform targets Italian owners
NGO Shipbreaking Platform, a global coalition of 19 environmental, human rights and labour rights organisations working to end polluting and…
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Eagle Bulk starts making operational changes to ‘redefine’ itself
Eagle Bulk is taking a more hands-on approach to operating its fleet of bulk carriers by taking technical management in-house for…
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Marco Polo cancels rig construction contract
Marco Polo (MP) Drilling has cancelled its order for a Pacific Class 400 jack-up drilling rig at Singapore’s PPL Shipyard,…
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