Sector
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Keppel steps away from Baku Shipyard
Singapore shipbuilding conglomerate Keppel has jettisoned its Azerbaijan shipyard commitments as it focuses its energies on securing a solid line…
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Solstad Farstad renews SBM Offshore deal
Solstad Farstad has renewed its frame agreement with SBM Offshore for 2019 and 2020. Under the latest agreement, SBM Offshore…
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India’s GOL Offshore shut down
India’s GOL Offshore has finally been put out of its misery, and has been shut down after lenders failed to…
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Alphaliner predicts idled box fleet to more than double by end of the year
Box watchers at Alphaliner are predicting the idle container fleet will more than double between now and the end of…
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Maersk shares rally despite profit warning
Investors surprised the market yesterday, backing Denmark’s largest shipping group despite a profit warning. Shares in AP Moller-Maersk rose as…
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Arkon forms boxship chartering firm
A new German boxship chartering firm has been launched. Arkon Shipping has joined forces with five German owners to create…
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Vinalines IPO set for September 5
State-owned Vietnam National Shipping Lines (Vinalines) is finally proceeding with a much delayed initial public offering. More than five years…
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Hanseaticsoft: Cloud clears way for shipmanagers
Hamburg-based shipmanagement software provider Hanseaticsoft is well on track for expansion with its cloud-based software. Following a significant investment by…
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McDermott awarded installation contract by Shell
McDermott International has been awarded a contract by Shell Exploration and Production Company for subsea umbilical and flowline installation at…
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DOF Subsea wins new IMR contracts
Norway’s DOF Subsea has been awarded several inspection maintenance and repair contracts. In the Atlantic region, MHI Vestas Offshore Wind…
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Dayang Shipbuilding restructuring plan approved by court
The restructuring plan of bankrupt Sinopacific yard Dayang Shipbuilding has been approved by Yangzhou People’s Court, after new investors led…
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Cosco Shipping Heavy Industry official under investigation
China’s Central Commission for Discipline Inspection has detained Wu Jun, deputy chief designer at Cosco Shipping Heavy Industry’s Cosco Dalian…
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Rem Offshore acquires Emas Offshore PSV
Norwegian OSV operator Rem Offshore has acquired the 2012-built PSV from struggling offshore firm Emas Offshore, part of Singapore’s Ezra…
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COSL scores Nexan drilling contract at Buzzard
COSL Drilling Europe has been awarded a contact by Nexen Petroleum for semi-submersible rig to drill at the Buzzard Phase…
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DP World acquires Unifeeder for $764m in new chapter for containerisation
The global container shipping industry today experienced its next phase of consolidation with a leading Middle Eastern terminal operator snapping…
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Harvey Gulf makes late move for GulfMark Offshore
GulfMark Offshore has received an unsolicited proposal from Harvey Gulf to combine the two companies, just weeks after GulfMark had…
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Trafigura applies to build the Texas Gulf’s first VLCC terminal
Trafigura, the commodities giant, has applied to build a deepwater port in the US, potentially giving the Texas Gulf its…
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UK P&I Club opts for Rotterdam as post-Brexit base
Another big name in British ship insurance is making Brexit relocation plans. The UK P&I Club has revealed to Reuters…
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Maritime UK makes the case for extending the timeframe of the UK’s departure from the EU
Lobby group Maritime UK has urged the British government and European Union to extend the Article 50 process if a…
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MOL to issue Japan’s first green bonds
Japan’s Mitsui OSK Lines (MOL) has announced a plan to issue green bonds through a public offering in Japan’s domestic…
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