Sector
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Aalto Shipping acquires two bulkers
New Finnish shipping company Aalto Shipping has announced the acquisition of two ice-strengthened bulk carriers for its fleet. One of…
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Sapura Energy to sell 50% stake in upstream business to OMV
Malaysian oil and gas services company Sapura Energy has entered into an agreement with Austrian energy company OMV to sell…
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Solstad Farstad fixes two OSVs to Total in South Africa
Norwegian offshore vessel owner Solstad Farstad has been awarded contact by Total E&P South Africa for 2010-built large anchor handling…
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How shipping has changed since Lehman Brothers collapsed
Around this time 10 years ago I boarded a train from the far southwest of France bound for Hamburg. The…
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STX given refund guarantee boost for Oceangold Tankers order
South Korean yard STX Offshore & Shipbuilding has secured a refund guarantee from Korea Development Bank (KDB) for an order…
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Woen-Jinn to invest in new cable lay vessel for Orsted contract
Taiwan’s Woen-Jinn Habour Engineering has signed a major offshore cable installation contract with Danish energy firm Orsted. Under the NTD1bn…
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South Africa’s largest boxport set for transformation
Three berths at Transnet’s Durban Container Terminal will be deepened to accommodate larger boxships by 2023. A R7bn contract engineering…
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Wave of feeder consolidation continues with Dubai’s Admiral snapped up
The sudden wave of feeder consolidation continues in the box sector with news that Dubai-based Admiral Shipping and Admiral Feeders…
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Dry bulk orders leap 60%, ultramaxes lead the charge
Dry bulk newbuild orders have leapt 60% year-on-year with ultramaxes leading the charge. According to data from brokers Intermodal, in…
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Dorian LPG accuses BW of being disingenuous as takeover row escalates
The war of words between Dorian LPG and prospective buyer BW LPG continues. BW has been chasing its rival LPG…
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Product Shipping withdraws Nasdaq IPO
Greek owner Stamatis Molaris’ Product Shipping has officially withdrawn a plan for initial public offering (IPO) on the Nasdaq. The…
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Ouhua Shipbuilding seeks new investors
Bankrupt Chinese private shipyard Zhejiang Ouhua Shipbuilding has released a public notice looking for new investors to restructure the yard.…
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Team Tankers reappoints Hans Feringa as president and CEO
Chemical tanker operator Team Tankers International has reappointed Hans Feringa as the president and CEO of the company for a…
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W Marine exercises kamsarmax option at Taizhou Kouan
Greek owner W Marine has exercised an option to build a 82,000 dwt kamsarmax bulk carrier at Chinese yard Taizhou…
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Arkas orders boxship quartet at Huangpu Wenchong
Turkish owner Arkas Group has entered into shipbuilding contracts with CSSC-affiliated Huangpu Wenchong Shipyard for the construction of four 3,100…
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Odfjell Drilling secures more work for semi-submersible
Odfjell Drilling has been awarded a contract by Ithaca Energy (UK) for 1983-built semi-submersible rig . The contract is for…
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Is shipping finally addressing the gender gap?
Rachel Morgan from recruitment and HR firm Spinnaker Global reacts to this week’s Women in Maritime charter launch in the…
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Norway champions zero-carbon trade
At the Global Climate Action Summit in San Francisco yesterday Norway set out plans to push the world towards zero…
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Top Ships secures $92.5m sale and leaseback deal for newbuild pair
Greek owner Top Ships has obtained non-binding credit committee approval from a major Chinese leasing company for up to $92.5m…
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N-Sea awarded IMR services contract
Dutch subsea services provider N-Sea has been awarded a £30m ($39m) contract for subsea inspection, repair and maintenance services in…
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