Sector
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Maersk’s Skou bows out of box shipping’s arms race
The instigator of the so-called ‘arms race’ or supersizing of container shipping is downing weapons, claiming boxship sizes have plateaued…
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CMA CGM’s debt levels to soar above $15bn this year
Alphaliner has warned CMA CGM’s debt levels are set to soar this year while earnings dip. The world’s third largest…
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Solomon Trader owner denies crew were out celebrating Chinese new year at time of grounding
One month and one day on from the ship’s grounding, the insurer and the owner of the finally issued a…
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Greek owners eye more Chinese financial leasing
Chinese ship financing, especially leasing, has increasingly become an important financing source for Greek shipowners, which are known for their…
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Nisshin puts kamsarmaxes up for sale as newbuilds start to flood in
Japan’s Nisshin Shipping is looking to offload three modern kamsarmaxes from its fleet as it makes way for an influx…
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Finaval sells MR2 tanker to Falcon Navigation
Rome-based owner Finaval is selling one of the last few tankers in its fleet, according to broking sources which report…
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Stena Bulk hails chemical foray
Stena Bulk has hailed its entrance into the chemical sector as having surpassed all expectations. The Swedish owner’s fleet of…
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Viking Supply Ships caught up in insider trading investigation
Norwegian offshore ship operator Viking Supply Ships has announced that the Swedish Economic Crime Authority is investigating possible insider trading…
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Subsea 7 awarded three contracts by Woodside
Subsea 7 has been awarded three contracts by Australia’s Woodside for engineering studies, with an option for Woodside to proceed…
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Crane collapse kills worker on Eni platform in the Adriatic
A worker has died and two were injured following a crane collapse at an offshore oil platform managed by Italian…
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DOF Subsea awarded raft of new contracts
DOF Subsea has been awarded several new contracts, taking the company’s awards for 2019 over the NOK 1bn ($115.4m) mark.…
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China Ocean Industry disposes of interest in leasing JV to repay debt
Chinese shipbuilding group China Ocean Industry has announced that it has entered into an agreement to sell its entire 20%…
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Diana Shipping signs new newcastlemax charter with Koch at lower rate
Greek dry bulk owner Diana Shipping has entered into a new time charter contract with Koch Shipping for 2017-built newcastlemax…
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Hong Lam Marine acquires bunker tanker
Hong Lam Marine, Singapore’s largest bunker vessel operator, has acquired the 2013-built small clean tanker from compatriot company Heng Tong…
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MSC and Contship Italia given Gioia Tauro ultimatum
The fight between the two 50:50 shareholders of Medcenter Contianer Terminal, Italy’s main transhipment hub located in Gioia Tauro, is…
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IMO: The vital role education will play in determining shipping’s future
Ahead of his keynote speaking slot at next week’s World Congress on Maritime Heritage in Singapore, Kitack Lim, secretary-general of…
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Indonesia detains more than 20 ships for illegal anchoring near Singapore
There has been a recent spike in the number of anchored vessels detained by Indonesian authorities in waters near Singapore,…
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Shipping vows to repatriate abandoned crews
Repatriation of abandoned crews was one of the key topics discussed at last week’s International Labour Organization (ILO) Special Tripartite…
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Berenberg boss under investigation over insider-trading linked to Hapag-Lloyd
The managing partner of Berenberg, Germany’s oldest bank, is under investigation over an insider-trading scandal that allegedly yielded more than…
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Wisdom Marine in hot water over repeated failure to pay crew
Wisdom Marine, a Taiwanese owner, was forced to stump up cash to pay crew on its bulker, , after the…
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