Sector
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Costamare acquires remaining interest in five boxships
Greek owner Costamare has announced the acquisition of 60% equity interest in five 2016-built 14,000 teu containerships from York Capital.…
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Kristian Gerhard Jebsen orders kamsarmax pair at JMU
Norwegian company Kristian Gerhard Jebsen has placed an order at Japan Marine United for the construction of two 82,000 dwt…
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W Marine snaps up KBS kamsarmax
Greek dry bulk owner W Marine looks set to increase its fleet into double figures with the acquisition of a…
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Meteor Management adds another supramax
Bulgaria’s Meteor Management looks to have added to its fleet with the acquisition of Japanese supramax . Brokers reported the…
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Petrobras appoints new CEO
Brazilian state-owned energy major Petrobras has announced the appointment of economist Roberto Castello Branco as the new CEO of the…
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Pacific Drilling emerges from chapter 11
Offshore driller Pacific Drilling has announced that it has emerged from chapter 11 after successfully completing restructuring transactions the company…
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Cosco orders nine pulp carriers at Cosco Shipping Heavy Industy
Cosco Shipping Specialized Carriers, the multi-purpose shipping unit of China Cosco Shipping, has signed shipbuilding contracts with Cosco Shipping Heavy…
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Sinotrans Shipping pushes forward with privatisation
Hong Kong-listed Sinotrans Shipping, a shipping unit of China’s state-run shipping and logistics major Sinotrans & CSC, has released a…
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Diana Shipping fixes capesize to Berge Bulk
Greek dry bulk owner Diana Shipping has entered into a time charter contract with Singapore’s Berge Bulk for 2006-built capesize…
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Qinhuangdao Port ups stake in Huanghua bulk terminal in preparation for relocation
Qinhuangdao Port, China’s largest coal port in terms of handling volume, has announced a plan to replenish RMB818.8m ($118m) into…
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Rizhao Jurong Port Terminals plans Hong Kong IPO
Rizhao Port, a major bulk shipping port in north China, has announced that the company has approved a plan to…
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Liners branded hyenas as alliance debate spreads across Europe
European politicians, port operators and dockworkers are lining up in support of a report issued at the start of this…
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Höegh LNG: Flexible FSRUs
Sveinung Støhle, president and CEO of Höegh LNG, is in a happy place. As the year comes to a close…
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Ultrabulk trials sail technology
Danish owner Ultrabulk is teaming with three British outfits to look at retrofitting a ship with sail technology. British utility…
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Shipping as a commoditised industry spurs debate
Impassioned debate on two contentious issues followed by cocktails high up among the skyscrapers served as a great curtain raiser…
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Baota Petrochemical chairman arrested
Chinese independent refiner Baota Petrochemical Group has announced that its chairman and controlling shareholder Sun Hengchao has been arrested by…
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Poten bought out by BGC Partners
One of the world’s best known tanker brokers, Poten & Partners, has been bought out. BGC Partners has taken over…
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Bright Navigation linked to Capital capesize
Evangelos Marinakis’s Capital Ship Management has offloaded one of its four capesizes, according to broking sources, with the sale of…
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Eastern Pacific snaps up NYK boxship
Idan Ofer’s Singapore-based Eastern Pacific Shipping has snapped up 2008-built 6,661 teu boxship from Japan’s NYK Line. Eastern Pacific revealed…
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Chennai hit by another oil spill
Ennore port in India is handling another damaging oil spill today. The product tanker was discharging oil at the port…
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