Sector
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Pacific Radiance restructuring plan offers noteholders 40 cents on the dollar
Singapore offshore operator Pacific Radiance is asking noteholders to vote on a restructuring plan which will see them receive cash…
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DBS and UOB reject Emas Offshore restructuring proposal
EMAS Offshore, part of Singapore’s Ezras Holdings, has suffered a setback to its financial restructuring after Singapore banks DBS and…
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Sanchi oil slick area continues to expand
Several more oil slicks have been found near the sinking site of Iranian oil tanker Sanchi in the East China…
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H. Schuldt left with single bulker after supramax sale to Load Line
German owner Norddeutsche Reederei H. Schuldt has sold 2011-built supramax leaving it with just one bulker in its fleet, broking…
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Bulkseas enters the cape segment
Low key Greek Bulkseas Marine Management, one of several Greek companies that have has built up significant fleet of vessels…
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Yangzhou Dayang Shipbuilding seeks new investors
Yangzhou Dayang Shipbuilding, the bankrupt subsidiary yard of Sinopacific Shipbuilding, has released a notice seeking for new investors to revive…
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Thomas Miller acquires surveying consultants Brookes Bell
UK insurance provider Thomas Miller has acquired international marine consultancy business Brookes Bell for an undisclosed sum. Liverpool-headquartered Brookes Bell is…
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Golar LNG Partners secures 15-year FSRU charter
Golar LNG Partners has signed a 15-year charter with an unnamed energy and logistics company for the provision of an FSRU and…
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Ultra Deep Solutions signs off on first of five well intervention vessels
Singapore’s Ultra Deep Solutions has firmed up an LOI signed with China Merchants Heavy Industry last month for a SALT…
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Keppel confirms talk with Borr Drilling to sell six jackups
Sinagpore’s Keppel Corporation has confirmed that it is in negotiations with Borr Drilling about a possible sale of six jackup…
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Chembulk Tankers raises $200m via bond issue
Connecticut-based tanker owner Chembulk Tankers has raised $200m in a secured bonds issue. Proceeds from the offering will be used for the…
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BOEM boss casts doubt on Florida offshore drilling exemption
A US Department of the Interior (DOI) official has cast into doubt the recent talk of Florida being exempted from…
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English Bay oil spill trial to proceed with or without bulker owner’s participation
Canadian authorities will proceed with a prosecution of the Greek owners of the bulker regarding the 2015 English Bay oil…
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Fears bunkers are seeping from sunken Sanchi
Four separate oil slicks from the sunken oil tanker have resulted in more than 100 sq km of fuel leaking…
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Global Ship Lease eyes merger and acquisition opportunities
London-based containership charter owner Global Ship Lease has appointed Evercore as its financial advisor to review strategic opportunities which includes…
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Emas Offshore CEO Adarash Kumar resigns
Emas Offshore, part of Singapore’s Ezra Holdings, has announced the resignation of CEO and executive director Captain Adarash Kumar. …
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Bibby Offshore completes financial restructuring
Bibby Offshore Holdings has completed the recapitalisation of its balance sheet in a move that now sees noteholders own the…
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GMS behind Voge Enterprise acquisition
Dubai-headquartered GMS, better known as a cash buyer of ships for recycling, has emerged as the new owner of 2011-built…
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UAE in tanker clampdown
The Federal Transport Authority in the United Arab Emirates has issued a circular stating that from this week all foreign…
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Dandong Port defaults on another note payment
Dandong Port, a major gateway port in northeast China, has defaulted on a note payment of RMB500m plus RMB38m interest.…
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