Sector
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Cleanup operations continue in the Mediterranean
Salvors are struggling to seperate the Tunisian ropax Ulysse, whose bulbous bow is firmly lodged in the side of the…
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Maersk leases oil storage space in Singapore
Maersk continues to get its 2020 global fuel supplies into shape. Having agreed to take a slice of Rotterdam port…
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Maersk Drilling semi-submersible awarded Timor-Leste contract by Eni
Maersk Drilling has been awarded a one-well contract by Eni for 2009-built semi-submersible rig for exploration drilling offshore Timor-Leste in…
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ITF Seafarers’ Trust: Crew don’t necessarily feel the uptick in the markets
Following on from Monday’s interview with the head of the Mission to Seafarers, Maritime CEO continues in a similar vein,…
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Out of control Chinese bulker collides with three river vessels, four missing
Panamax bulk carrier , operated by Fujian Guohang Ocean Shipping, collided with three river vessels at Zhenjiang anchorage on Tuesday…
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LLOG orders floating production system at Hyundai Heavy Industries
US exploration and production company LLOG Exploration has placed an order at South Korean shipyard Hyundai Heavy Industries (HHI) for…
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Tianjin Shunhang’s CSC Phoenix stake to be auctioned by court
Chinese domestic dry bulk shipping operator CSC Phoenix has announced that a court in Shenzhen has ruled to auction its…
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Gianluigi Aponte blasts China as arrogant
Gianluigi Aponte, founder and chairman of the Geneva-based MSC group, has made clear he is not enamoured with China as…
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Bob Burke warns on risks of investors piling into shipping
Delegates attending last week’s by invitation only Maritime CEO Forum were warned by one of the world’s most famous names…
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Maersk and Oaktree invest in digital freight broker
Loadsmart, a New York-headquartered digital freight broker, has raised $21.6m in series A funding led by Maersk Growth, Connor Capital…
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Seoul extends state aid to more local lines
Fresh from lavishing national flagship HMM with $5.4bn in state funds, newly incorporated Korea Ocean Business Corp has set aside…
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BW puts its first two kamsarmaxes in the shop window
BW Dry Cargo, founded in April 2016, is looking to cash in on rising prices for kamsarmaxes, putting the first…
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Nissen Kaiun contracts four boxships at Tsuneishi Zhoushan
Japan’s Nissen Kaiun has gone to China for a series of boxship orders. No price has been revealed for the…
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NYK LNG carrier fetches highest demo rate of the year
Demo prices are achieving new highs with one old gas carrier managing to notch a very strong $551 per ldt.…
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Subsea 7 awarded Ghana EPCI contract
Norwegian offshore service provider Subsea 7 has been awarded a contract by Tullow for works at the Jubilee field, offshore…
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Star Bulk refinances 26 vessels in loan deal to fund 50 scrubbers
Greek dry bulk owner has entered into a $310m loan agreement which refinances 26 vessels and includes a $70m tranche…
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AVIC International Leasing orders eight ultramax bulkers at Dayang
Chinese financial leasing company AVIC International Leasing has signed shipbuilding contracts with SUMEC Marine for the construction of eight 63,500…
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Huarong Energy disposes of Rongsheng assets
Huarong Energy, formerly Rongsheng Heavy Industries, has officially entered into an agreement with Unique Orient for the disposal of its…
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Yinson FPSO contract terminated
Malaysia’s Yinson Holdings has announced that it has received a termination notice for the floating production storage and offloading (FPSO)…
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IFM Investors buys into Trafigura terminals
Swiss commodity trader Trafigura Group has entered into an agreement with global fund manager IFM Investors to create a joint…
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