Sector
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HNA quits shipping and aviation financing business
Qianhai Air & Shipping Exchange, part of China’s multi-sector conglomerate HNA Group, said it will exit the retail financial products…
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Hafnia Tankers seals sale and leaseback for LR1 pair
Denmark’s Hafnia Tankers has completed two sale and leaseback transactions with Sole Shipping Special Opportunities Fund II for 2010-built LR1…
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As Japanese yards stop offering Tier II engines Doun Kisen heads to China
In its latest weekly report brokers Banchero Costa report that Japanese yards have unilaterally decided to stop producing ships with…
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Hellenic Tankers adds two more
Brokers tells Splash that Greek tanker specialist has bolstered its VLCC fleet, adding the VLCC from Japan’s JX Ocean for…
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Diana capesize gets double the money on new Koch charter
Greek owner Diana Shipping has signed a new time charter contract with Koch Shipping for 2011-built capesize . The new…
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Aker BP acquires Norwegian licences from Total
Aker BP has entered into an agreement with Total E&P Norge to acquire its interests in a portfolio of 11…
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Barakah Offshore secures five-year offshore engineering contract
Malaysia offshore engineering specialist Barakah Offshore has been awarded an offshore engineering contract from Enquest Petroleum. The contract covers the…
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PSA makes first Canadian foray
Singapore terminal operator PSA International has made its Canadian foray, buying a 60% stake in Ashcroft Terminal in western Canada.…
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Zhuhai Port Shipping orders two bulkers at Wuhu Shipyard
Zhuhai Port Shipping, the shipowning unit of Zhuahai Port Group, has signed shipbuilding contracts with Wuhu Shipyard for the construction…
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VT Halter Marine appoints new President and CEO
US shipbuilding and repair firm VT Halter Marine, part of VT Systems, has appointed Ronald Baczkowski as its new president…
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Velesto scores Shell jackup contract
Velesto Energy, formerly UMW Oil & Gas, has been awarded a contract by Sarawak Shell and Sabah Shell Petroleum Company…
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Cosco gets back on track after last week’s cyber attack
China Cosco Shipping has managed to recover part of the company’s US network system after it was hit by a…
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Oaktree swoops for OSM
American asset manager Oaktree Capital Management has swooped for Norwegian shipmanagement giant OSM. Oaktree, which has a large shipping portfolio…
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Korea Ocean Business Corporation to support ten domestic lines
Korea Ocean Business Corporation (KOBC), the newly established state-backed entity aimed at supporting the domestic shipping and shipbuilding industry, has…
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Oil spill detected as K Line car carrier refloats
The K Line car carrier , which ran hard aground near the south coast of Sweden early last week, has…
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Contaminated fuel sold in Singapore
Contaminated bunker fuel has been sold in Singapore, the world’s largest bunkering hub, and has likely been sold to other…
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Cosco looks to set up low sulphur bunkering centre in Zhoushan
China Cosco Shipping Corporation is looking to set up a low sulphur bunkering centre at Zhejiang Pilot Free Trade Zone…
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Solstad Farstad anchor handler gets Indonesian work
Norway’s Solstad Farstad has been awarded a new contract for 2013-built anchor handling tug supply vessel . The five-month contract…
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New container hub planned for Palermo
The Institute for Political, Social and Economic studies (Eurispes) in Italy has just disclosed an ambitious plan to build up…
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MOL debuts virtual technology ship visits
Japan’s Mitsui OSK Lines (MOL) has debuted a new virtual technology tool, which could change the way ships operate. Vessel…
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