Sector
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AVIC International Holdings to dispose of shipping-related businesses
China’s state-run AVIC International has announced that it is now in preliminary discussions with potential investors regarding a possible disposal…
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Transocean awarded a slew of new contracts
Offshore drilling contractor Transocean has been awarded a series of new contracts according to the company’s latest fleet status report.…
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Island Offshore PSV contract extended by Lundin
Norway’s Island Offshore has received a one-year extension fro Lundin for 2009-built platform supply vessels . The vessel has been…
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Lauritzen Bulkers appoints new CEO
Lauritzen Bulkers, the bulk shipping unit of J. Lauritzen, has announce the appointment of Niels Josefsen as CEO. Niels Josefsen…
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Seabed Geosolutions awarded Red Sea survey contract
Seabed Geosolutions and its partner in the Middle East ARGAS have been awarded a 3D ocean bottom node survey by…
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Maersk Drilling jackup contract extended by Petrogas
Petrogas E&P Netherlands has exercised a one-well option with Maersk Drilling to extend the contract of 2008-built jackup rig .…
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Calls grow for HMM to merge with SM Line
Two of South Korea’s top containerlines must merge or risk becoming the next ‘Hanjin’, according to the vice chairman of…
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Poten predicts VLCC spike will carry through to 2019
VLCC rates, averaging above $40,000 a day this month, dramatically up from September’s $16,500 average, look set for a strong…
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Eastern Pacific exiting handysize and ultramax segments
Idan Ofer’s Eastern Pacific Shipping is having a notable dry bulk clear-out of its fleet. Seven smaller bulkers have been…
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Economou set to pocket up to $134m from Ocean Rig sale
George Economou is set to pocket more than $130m if Transocean’s bid to take over Ocean Rig wins shareholder approval.…
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Marinakis outmuscles rival Greeks for TCC aframax
Evangelos Marinakis’ Capital Group has fought off keen competition from a number of his Greek counterparts to buy out a…
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BW fixes LNG carrier pair to Pavilion Energy
Singapore’s BW Group has signed an agreement with compatriot company Pavilion Energy for the long-term charter of two LNG newbuilds.…
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ABN AMRO, Samsung and Port of Rotterdam team up on container logistics blockchain technology
ABN AMRO, the Port of Rotterdam Authority and Samsung SDS, the logistics and IT arm of Samsung, have joined forces…
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Sembcorp Marine awarded FPSO modification job by Teekay Offshore
Singapore’s Sembcorp Marine has been awarded a contract by Teekay Offshore Partners for the modification, repair and life extension of…
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Noble seeks Chapter 15 protection in New York
It has emerged that last week embattled Hong Kong commodities house Noble Group sought Chapter 15 bankruptcy protection at a…
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Bourbon Subsea Services secures windfarm installation contract
Bourbon Subsea Services has been awarded a contract by Windplus to install three floating wind turbines off Viana do Castelo,…
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Del Monte squeezes an extra pair of reefer ships out of Huangpu Wenchong
Del Monte’s shipping division Network Shipping has extended its series of fully reefer containerships at Huangpu Wenchong in China to…
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India’s largest container port seeks new pastures to expand
India’s largest container port is seeking room to expand outside of Mumbai. Jawaharlal Nehru Port Trust (JNPT) is in talks…
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Fuchuan Investment orders wind farm service platform at Mawei Shipbuilding
Fujian Offshore Wind Farm Service Company, a subsidiary of state-run Fuchuan Investment, has placed an order at Mawei Shipbuilding for…
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Rowan lands new contract for idle jackup rig
Rowan Companies, which is in the middle of a $12bn combination with Ensco, has been awarded a new one-well contract…
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