Region
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Cape freight rate volatility picks up, as sentiment turns more positive
Singapore: Capesize freight rate volatility has picked up in the past few days and there’s a chance rates could pick…
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Nordic American Offshore reiterates its ‘speedy availability’ for Mediterranean rescue operations
Athens: Nordic American Offshore (NAO) has responded to the news its competitor won a charter to undertake rescue missions in the Mediterranean Sea,…
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‘Bad loan’ tag increases pressure on ABG Shipyard
Mumbai: India’s largest private sector shipbuilder, ABG Shipyard, has missed loan repayments to some lender banks, which have classified the…
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Siem Meling Offshore PSV chartered for Triton operations
Oslo: Norway’s Siem Offshore has said today that Siem Meling Offshore, its jv with O.H. Meling & Co, has chartered…
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Pemex cancels third rig contract with Paragon Offshore
Mexico City: Mexico’s state-run oil company Pemex scrapped another rig contract with Paragon Offshore on Thursday, marking the third such…
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Shots fired at tanker by Iran were ‘part of a legal dispute’
Athens: Iranian patrol boats today fired shots at a tanker in the Straits of Hormuz to intercept the ship, against…
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More of Sainty Marine’s assets frozen
Shanghai: Financially troubled Sainty Marine has announced that the shipyard’s total overdue bank loans has now reached RMB421.7m ($67.9m), up…
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Polar Pioneer rig docks in Seattle, ready for Shell’s Arctic campaign
Seattle: Shell’s giant rig Polar Pioneer finally arrived in Seattle from nearby Port Angeles on Thursday, marking the next phase…
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Robert Goodwill named UK’s new shipping minister
Athens: Robert Goodwill, MP for Scarborough and Whitby, has been named as the UK’s fourth shipping minister since 2010. He…
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Chemical tanker latest to be fired on by Iranian Navy
Dubai: Another cargo ship has come under fire from Iranian authorities sending jitters through the shipping industry as the vital…
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UECC faces fine as car carrier smashes into Kiel Canal jetty
Zeebrugge: A gale has caused havoc to the Asian Breeze (built 1983; 12,562 dwt), a car carrier that ran into…
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Crane operator dies as boom collapses onto boxship in Bremerhaven
Bremerhaven: The operator of a quay crane died overnight when the boom of the crane he was operating broke and…
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Piraeus Port sale is given the go-ahead
Athens: After being postponed in January and months of uncertainty, the Greek government has green-lit the sell-off of a 51%…
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RINA expands in the USA with new acquisition
Athens: Italy’s RINA classification society is to acquire QIC, a Houston-based testing, inspection and certification (TIC) company serving the energy industry. “QIC is…
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Dayang to take over Perdana Petroleum
Athens: Dayang Enterprise Holdings has today entered into a conditional share sale agreement to take over Malaysia-based offshore service provider Perdana…
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Shell pressing on with Arctic plans despite commissioners’ request
San Francisco: Shell spokespeople on Wednesday brushed off Tuesday’s request from Seattle Port commissioners to delay assembling its Arctic drilling…
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Tiger Group Investments: Opportunities in all trades
Hong Kong: Container shipping is set to go through a “great renaissance”, unlike dry bulk which will remain an “uncertain”…
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NYK fixes two LNG ships for Cameron project
Tokyo: NYK has concluded time-charters for two new LNG carriers with Diamond Gas International, a Singapore affiliate of Mitsubishi Corporation.…
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K Line vessel refloated
Tokyo: The 10,292 dwt Marine Diamond (built 2005) was refloated today having run aground on Wednesday in Nagoya port. The…
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Tanker Investments vows no more ships
Oslo: Tanker Investments, which was founded just over a year ago, says that the company’s asset acquisition phase is over…
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