Region
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Product tanker spot rates see an upturn on US Gulf to Europe run
Spot rates on trans-Atlantic routes from the US Gulf have seen a slight upturn for MR product tankers as cargo…
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Sevan’s agent implicated in Petrobras bribery scandal
An agent who brokered offshore contracts between Sevan Marine and Petrobras in Brazil has come under scrutiny after receiving up to…
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Azilat Petroleum buys two blocks offshore Brazil
Bermuda-based Azilat Petroleum announced on Monday it had bought two oil exploration blocks from Brazilian oil firm OGX Petroleo e…
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New Italian tonnage tax regime risks local exodus
Italy should brace itself for an exodus from its flag, with Malta likely to be a big winner. As Italy…
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Navios is buyer of China VLCC duo
Navios Maritime Acquisition is the buyer of the two vessels reported sold by China VLCC yesterday, brokers tell Splash. The…
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Siem Offshore wins AHTS contract in Australia
Siem Offshore has won a contract from Woodside Energy that will employ one of its anchor handling tug supply (AHTS)…
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PTP expansion will see capacity grow by nearly 50%
Malaysia’s Port of Tanjung Pelepas (PTP), just opposite Singapore, will kick off expansion plans next year that will see its…
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Daehan Shipbuilding exits rehab
Korean shipyard Daehan Shipbuilding has exited rehabilitation after just over one year. A court in Seoul yesterday decided the yard…
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UASC closes in on another $1bn order
Fast-growing United Arab Shipping Co (UASC) is in advanced negotiations with Korean yards for another $1bn order, sources tell Splash.…
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American shipyards hit out at critics of the Jones Act
American shipyards yesterday issued a fierce rebuttal of repeated links between the Jones Act and the sinking of the 40-year-old…
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Erasmus Shipinvest: Doubling down during the depression
Rotterdam: John Su, the founder and CEO of dry bulk player Erasmus Shipinvest, admits that the immediate outlook for the…
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El Faro owners hit with another lawsuit
The shipowner of the has been hit by another lawsuit. The wife of a missing crewmember – third-mate, Jeremie Riehm…
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New Agility sold at fourth attempt in four weeks
Taiwan’s bulker specialist Hsin Chien Marine has been a victim of the incredibly volatile markets. After four weeks, and just…
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Atlantica offloads 1,730-teu boxship to Egypt’s Mahoney
Sources say Norway-based asset player Atlantica Shipping has offloaded the 1996-built, 1,730-teu for a price slightly above $6m to Egypt’s…
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EMAS Offshore scores new contracts
EMAS Offshore has announced a host of new deals today, made up of charters with an oil major In West…
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Triyards clinches $100m in new orders
Singapore-listed Triyards has announced that it has received $100m worth of new orders including three chemical tankers, two high speed…
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Tianhai Investment appoints new president
HNA-affilated Tianhai Investment, formerly Tianjin Marine, has announced that the board has appointed Liu Xiaoyong as the new president of…
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SIPG plans to raise $1.57bn
Shanghai International Port Group (SIPG) has announced that the board has approved a proposal to issue up to RMB10bn ($1.57bn)…
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CSSC invests $99m in propulsion R&D
China’s state-run shipbuilding conglomerate China State Shipbuilding Corportation (CSSC) has announced that the group and its subsidiary Hudong Heavy Machinery…
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Section of Houston Ship Channel closed after tug-and-barge sinking
The US Coast Guard (USCG) closed a 1,000-yard section of the upper Houston Ship Channel to deep draft ship traffic…
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