Region
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Siem Offshore pushing through emergency $100m rights issue
Oslo: With the oil price dive plunging Siem Offshore into financial trouble the company is convening an extraordinary general meeting…
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Zodiac Maritime continues bulker spree
Oslo: Sources tell Splash that Zodiac Maritime has snapped up the 175,600-dwt C Prosperity for $25m. Online pricing platform VesselsValue.com says…
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LPG carrier goes missing off Vietnam
Hanoi: Authorities in Southeast Asia are increasingly concerned about the disappearance of a small LPG tanker off Vietnam. The 1991-built,…
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Hangmin Shipping: Fleet optimisation time
Hangzhou: Hangzhou-based Zhejiang Hangmin Group, a large scale multi-sector enterprise primarily engaged in the businesses of printing, textiles, electric power…
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Scorpio Bulkers to offer shares at a discount
Athens: NYSE-listed Scorpio Bulkers is to sell 130m shares at a price of $1.50 each, raising up to $195m in…
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Stolt-Nielsen and Golar LNG team up
Oslo: Stolt-Nielsen and Golar LNG have formed a 50/50 joint venture to pursue opportunities in small-scale LNG production and distribution.…
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Navigating China’s new ship arrest laws
Leslie Shen, a legal director at Clyde & Co. in Shanghai, provides a valuable update on new ship arrest regulations in China. China’s…
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New Delhi’s dredging commitment will see 12 ports capable of handling ultra large boxships
Mumbai: Long the Achilles’ Heel of Indian export goals, New Delhi is now taking action to fix draft issues at…
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China Shipping and Cosco officials warned by discipline authority
Beijing: China’s Central Commission for Discipline Inspection (CCDI) has circulated a notice in which it criticized forty-one officials in state-owned…
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Pemex announces potentially huge oil finds in southern Gulf of Mexico
Mexico City: Pemex, Mexico’s state-run oil conglomerate, on Wednesday announced one of its biggest offshore oil finds in years. The…
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Technip to decommission brownfield development in Gulf of Mexico
Paris: French energy industry engineering specialists Technip have been awarded a project to decommission a brownfield development in the Gulf…
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Nine days on Chevron still seeks answer to Big Foot tendon failure
San Francisco: Chevron has a multibillion-dollar question about its Big Foot tension-leg platform (TLP). What exactly led to the damage…
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Report concludes inexperience, panic and delays led to grounding off Canada
Montreal: A series of missteps, some key delays, a dash of panic and big slice of inexperience were the recipe…
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CCCC forms dredging spinoff
Shanghai: China Communications Construction Company (CCCC), China’s largest port construction company and dredging company, has established CCCC Dredging Group at…
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MOL rebrands car carrier division
Tokyo: Mitsui OSK Lines (MOL) has rebranded its giant car carrier division as MOL Auto Carrier Express (MOL ACE). MOL’s…
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Otto scores $27m charter deal
Singapore: Offshore builder and operator Otto Marine has announced that subsidiary, Swordfish 1, has entered into a bareboat contract for…
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Containership sinks near Guangzhou Port
Guangzhou: Chinese containership Xin Hong 328 sank near the Shajiao anchorage off Guangzhou Port yesterday. The vessel was carrying 72…
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EMAS Offshore wins $30m contract in West Africa
Singapore: EMAS AMC, the subsea services division of Singapore-listed Ezra Holdings, is to charter four vessels from EMAS Offshore for…
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Mørch checks in early for Odfjell
Oslo: Odfjell has announced that incoming ceo/president Kristian Verner Mørch will start with the company on August 1. Mørch, who replaces Tore…
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PSA enters joint venture to operate new China container terminal
Athens: Singapore’s PSA International has signed a joint-venture agreement with Beibu Gulf Port Group (BPG) and Pacific International Lines (PIL)…
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