Sector
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Kreuz Subsea awarded five-vessel project off India
Singapore’s Kreuz Subsea has been awarded a contract by India’s Larsen & Toubro (L&T) which will see five vessels mobilised…
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Northern Offshore sells jackup pair to Dixstone Holdings
Texas-based offshore driller Northern Offshore has sold a pair of jackup drilling rigs to Perenco affiliate Dixstone Holdings. The 1982-built…
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Arklow Shipping secures financing for bulker quartet
Ireland’s Arklow Shipping has secured financing of around EUR51m ($60.9m) from KFW IPEX-Bank and DekaBank for four 16,500 dwt short…
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Exxon has another oil hit offshore Guyana
The hits keep coming for ExxonMobil in its exploratory drilling offshore Guyana with the declaration that it has positive results…
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Brokers wary as Nobu Su plans dry bulk return
Nobu Su’s attempts to get back into dry bulk shipping are meeting a series of speedbumps with brokers and financiers…
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NITC tanker still burning off Shanghai, one body found
The huge fire onboard the NITC tanker continued today after the vessel collided with Chinese bulker CF Crystal in the…
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Prisco back in buying mode two years on from chapter 11
Primorsk International Shipping (Prisco) is back in buying mode two years after it sought chapter 11 bankruptcy protection. Splash understands…
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Nissen Kaiun panamax picked up by the other George Economou
Imabari-built panamax bulker Golden Heiwa has been sold by Japan’s Nissen Kaiun to Greek owner Gleamray Maritime at a price…
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Tsakos Energy Navigation moves to offload its oldest VLCC
Tsakos Energy Navigation has put its oldest VLCC, one of three in its fleet, up for sale with brokers circulating…
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Group Nautical: The battle between entrenched attitudes and technology adoption
Bhupesh Gandhi, managing director of brand new Group Nautical, a Singapore maritime tech consultancy, urges readers today in the first…
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Essar to develop first overseas port
India’s Essar Ports has set out an outlay of $500m to expand two ports on home soil over the next…
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Japanese consortium proceeds with Brazilian FPSO charter project
A Japanese consortium comprising MODEC, Mitsui & Co, Mitsui OSK Lines (MOL), Marubeni Corporation and Mitsui Engineering & Shipbuilding (MES)…
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Pacific Basin valuation approaches need a rethink
During the peak of China-induced global peak in commodities boom around 2008 I spoke at a shipping conference in New…
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City of Los Angeles sues port truck firms for exploitative labour practices
Three port trucking companies that work the Port of Los Angeles were sued on Monday by the city attorney for…
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Eidesvik charters out two vessels to Seabed Geosolutions
Norwegian owner Eidesvik Offshore has signed a letter of intent with compatriot Seabed Geosolutions for the charter of two vessels.…
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Biohazard team on standby as Iranian tanker turns toxic fireball
The fire onboard National Iranian Tanker Co’s suezmax tanker continues two days after the vessel collided with Chinese bulker CF…
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2018 busiest tanker delivery year since the start of the decade
2018 looks set to be another “painful” period for tanker owners, with a continued wave of new tonnage and potentially…
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Deniz Nakliyati fleet sell-off thwarted as supramax deal collapses
Turkish owner Deniz Nakliyati, also known as Turkish Cargo Lines, has had to put two supramaxes up for sale once…
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First cape sale of the year lands Samos Steamship a $10m profit
Sources confidently tell Splash about a successful asset strategy by Samos Steamship. The traditional Greek owner has just offloaded a…
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Cape achieves $495 per ldt from Indian recycler
Ship recycling rates have started 2018 very much in the ascendant and the market is now anticipating the $500 per…
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