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Frontline to delist from the London Stock Exchange
Frontline is delisting from the London Stock Exchange, cancelling all of its ordinary shares of $1.00 each with effect from…
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Nissen Kaiun sells its best cape
Several brokers report that the Japanese bulker specialist Nissen Kaiun has shed one of its best capesizes. The one-year-old Japanese…
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Ningbo Marine cancels restructuring
Ningbo Marine has announced that it has cancelled a major restructuring deal after it failed to get approval from authorities.…
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Prosafe chairman steps down
Ronny Johan Langeland resigned yesterday as chairman of the board of Prosafe due to health reasons. The board will convene…
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Russia delaying drilling projects
Russian state-backed energy giants Rosneft and Gazprom have made plans to delay a number of offshore drilling projects by two…
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USCG detains Greek bulk carrier for fire-safety flaws
Greek bulk carrier Rena (81,700 dwt, built 2010), owned and operated by Trojan Maritime, has been detained at the port…
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Mitsubishi Heavy streamlines Nagasaki operations
One of Japan’s most prestigious shipyards has outlined plans for the future of its Nagasaki operations, a move that will…
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Court auctions Fu Lai Deng Shipping bulker to pay crew wages
Shanghai Maritime Court has sold a 28,789dwt bulker owned by Wenzhou-based Fu Lai Deng Shipping via auction in order to…
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Zhongchang Marine president resigns
Zhongchang Marine has announced that Chen Shengjie, president of the company has resigned for personal reasons, just one year after…
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Petrobras lifts ban on SBM Offshore
Petrobras has formally invited the Brazilian subsidiary of Dutch firm SBM Offshore to join in the Libra and Sepia FPSO…
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Shell’s Arctic pullout receives mixed reactions
Shell’s sudden and surprising decision to abandon its oil exploration in the Arctic received a range of reactions on Monday.…
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Somalia wants pirate prisoners to be repatriated
Around 100 Somali nationals jailed in Kenya for their alleged involvement in vessel hijacks could be repatriated to finish up…
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BG Group to drill in offshore Newfoundland
Repsol has sold its stakes in three non-operated positions in offshore Newfoundland, Canada to BG Group, which is expanding its drilling…
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Scorpio Services buys sixth tranche of Scorpio Bulkers shares
Scorpio Services Holding (SSH) has purchased 1,436,352 common shares in NYSE-listed Scorpio Bulkers, the sixth tranche of shares to be bought…
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Shell abandons oil exploration in offshore Alaska
Shell has abandoned its plans to explore prospects in offshore Alaska after failing to find sufficient reserves of oil and…
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Empresa Naviera Elcano orders two bulkers at Sinopacific
Spanish shipowner Empresa Naviera Elcano has ordered two 120,000dwt bulk carriers at China’s Sinopacific Shipbuilding. The vessels will be delivered…
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Hapag-Lloyd confirms plans for $500m IPO
Hapag-Lloyd expects to raise $500m (€447m) in its initial public offering (IPO) and has confirmed it will list its shares on…
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Havila Shipping lays up AHTS pair, cuts staff
Norwegian offshore specialist Havila Shipping has said today that it has decided to lay up AHTS vessels Havila Mars and…
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DOF Subsea scores contracts worth $351m
Norway’s DOF Subsea has been awarded several major contracts worth more than NOK 3bn ($351.2m) including options. The contracts are…
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Wisdom takes Namura handies
Ordering counter cyclically Taiwan’s Wisdom Marine is back in Japan for a pair of 34,000 dwt bulkers at Namura Shipbuilding.…
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