Sector
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ExxonMobil’s 0.5% fuel will be on sale from Q3 this year
ExxonMobil has revealed its low sulphur bunker fuel will be available from the third quarter of this year, joining the…
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Poten bullish on growing ton-mile scenario for crude tankers
Analysts at New York tanker brokers Poten & Partners are bullish for crude tanker owners on the back of the…
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Brazilian authorities suspend Vale’s operations at Timbopeba
A Brazilian court has ordered mining giant Vale to suspend operations at its Timbopeba min, after a legal case was…
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Grain trades provide bulker hope
Chief correspondent Jason Jiang writes that despite the ongoing China-US trade spat, 2019 looks set to be an improving one…
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Pacific Basin linked with another bulker buy
Hong Kong owner Pacific Basin has made its second acquisition in a week according to brokers. Seasure Shipbroking reports that…
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Navig8 Chemical Tankers inks sale and leaseback deal for four tankers
Navig8 Chemical Tankers has entered into sale and leaseback agreements with China’s ICBC Financial Leasing for four of the company’s…
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König & Cie pulls back from tankers
Hamburg shipping and investment company König & Cie is trimming its suezmax fleet and exiting the handysize tanker segment. Two…
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Vantage jackup awarded Gabon contract by Vaalco
US offshore driller Vantage Drilling International has been awarded a contract by Vaalco for 2009-built jackup rig . The rig…
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Sinopec chemical tanker explodes on Yangtze River, one missing
Chemical tanker Chuan Wei 5 suffered an explosion onboard while on the Yangtze River on Friday night. The incident happened…
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Ocean Opportunity Lab: The world’s first floating entrepreneur hub
A famous name among the Norwegian maritime community has become a shipowner … kind of. Birgit Liodden, who previously headed…
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Seven Islands Shipping takes Ancora product tanker
Indian owner Seven Islands Shipping has acquired the 1999-built MR2 tanker from Greek owner Nick Parashins’ Ancora Investment. According to…
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TEN awarded LNG charters, eyes more LNG carriers
Greece’s Tsakos Energy Navigation (TEN) has announced it has been awarded new charters for LNG carriers Neo Energy and Maria…
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MSC set to become new owner of MCT Gioia Tauro
Following an ultimatum given by the Italian transport minister to solve the dispute between MSC and Contship Italia, the shareholders…
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Borr Drilling secures contracts for jackup pair
Borr Drilling, in partnership with Mexican company OPEX Perforadora, has secured a contract award from Petroleos Mexicanos for offshore drilling…
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Magseis Fairfield awarded Gulf of Mexico program
Norwegian offshore survey specialist Magseis Fairfield has received a letter of award for a three-month data acquisition program in the…
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Zhoushan Port sells ex-Jiaolong Group AHTS
Zhejiang Shipping Exchange has sold the 2011-built AHTS through its online auction platform for a price of RMB20.7m ($3.08m). The…
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Heads of CSSC and CSIC meet as merger speculation heats up
Merger speculation between China’s two top state-run shipbuilders, China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), is heating…
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Sinopec seeks export quotas from Beijing for low sulphur fuels
In the week BP rolled out its global sales outlets for low sulphur bunker fuel and Shell made plans to…
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New loan sees Belships earmark $30m for fleet expansion
Norway’s Belships, which merged with Lighthouse Group late last year, has secured a $140m loan facility. Belships says that $110m…
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Scorpio seals sale and leaseback with CMB Financial for seven bulkers
Monaco-headquartered Scorpio Bulkers has agreed a deal for the sale and leaseback of seven vessels. Scorpio is selling three ultramaxes…
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