Sector
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Seven Islands Shipping pounces for released Torm MR2
India’s Seven Islands Shipping has forked out $8.5m to acquire Torm’s 2002-built MR2 tanker , according to Seasure Shipbroking and…
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Siem Offshore sells three PSVs
Norwegian OSV operator Siem Offshore has entered into an agreement to sell three of its platform supply vessels, the 2005-built…
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SUMEC gives up on unfinished LEG vessel
SUMEC Group, a state-run machinery manufacturer in Jiangsu, has announced its decision not to continue the construction of an unfinished…
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Hapag-Lloyd declares general average on burnt Yantian Express
Hapag-Lloyd has declared general average on its burnt-out 7,500 teu boxship, . In an update to clients on Friday, the…
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Cosco raises $1.1bn via private offering
China Cosco Shipping Holdings has announced that it has completed a private offering to nine specific investors and raised a…
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Shanghai Bestway on verge of bankruptcy
Shanghai-based ship design and shipbuilding firm Bestway Marine & Energy Technology is in deep financial trouble with lawsuits against the…
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Pan Ocean to order two capes on back of latest Vale contract
South Korean bulker giant Pan Ocean has announced it will buy two new capesizes having secured another long-term iron ore…
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Roswell revealed as mystery buyer of FSL product tanker
Michael Karayiannis led Roswell Tankers has been revealed as the buyer of Singapore’s FSL Trust’s MR product tanker . FSL…
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Restis pockets tidy profit from sale of suezmax to Vitol
Restis family company Golden Energy Management has sold 2018-built suezmax tanker to energy and commodity trader Vitol for $62.5m, according…
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Hyundai Heavy selling 20% stake in refining subsidiary to Saudi Aramco
South Korea’s largest shipbuilder Hyundai Heavy Industries (HHI) is selling a 19.9% stake in its refinery subsidiary, Hyundai Oilbank, to…
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Weihai Port president and CFO arrested for corruption
Weihai Port’s president Che Luming and CFO Zou Hongwei have been arrested by authorities for corrupt activities, Weihai Discipline Inspection…
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One charged over Stellar Daisy sinking
A court in South Korea yesterday granted the arrest warrant for the former head of maritime affairs at Polaris Shipping,…
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Western Bulk suffers $10m Chilean hit
Oslo-based Western Bulk Chartering saw its full-year profits take a sizeable hit from some poor decisions taken by an employee…
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Shining International Shipping selling off fleet
Chinese bulker owner Shining International Shipping is selling its fleet of two handysize bulkers. According to shipbroking sources, the company…
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Blockchain evolution must focus on problem solving
Andrew Fenner, CEO of Swiss-based BitNautic, argues the blockchain revolution could be as important as the containerisation of global trade…
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Gasoil super contango predicted
The uncertain outlook for the gasoil market ahead of IMO’s 2020 sulphur cap forms the main research in the latest…
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BNP Paribas boxship pair on charter to Italia Marittima put up for sale
BNP Paribas, thorough Italian leasing company BNP Paribas Lease Group, has decided to put up for sale the two containerships…
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Navios Containers moves forward with 10,000 teu boxship deal
Angeliki Frangou’s Navios Maritime Containers continues to grow its fleet, exercising an option to acquire a 2011-built 10,000 teu containership…
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DOF Subsea awarded FPSO transportation contract by Yinson
DOF Subsea has been awarded a contract by Yinson Energy to provide transportation and installation services to position and moor…
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McDermott awarded EPC contract by BP Trinidad & Tobago
Houston-based offshore services giant McDermott International has been awarded a contract by BP Trinidad & Tobago for the engineering, procurement…
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