Sector
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Cosco overhauls Maersk into top spot in container liftings
Cosco’s all out assault to become the world’s top containerline is yielding results. Analysts at Alphaliner report that Cosco, aided…
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Iceberg Research urges for management clear-out at Noble Group
In an open letter to Noble Group’s creditors, Iceberg Research has called for a clear out of top management to…
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Bulker newbuild investments do not make sense: Maritime CEO Forum
There is no business case for newbuilds in dry bulk, a high level panel at last week’s Maritime CEO Forum…
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Bibby Offshore financial restructuring sees noteholders take over
Bibby Offshore has reached agreement with noteholders on the recapitalisation of its balance sheet in a deal which will see…
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Boskalis picks up Harkand DSV pair
Dutch dredging and offshore services company Royal Boskalis Westminster has strengthened its fleet with the addition of two 2011-built diving…
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NS United fixes VLOC deal with Vale
Japanese owner NS United Kaiun Kaisha (NSU) has fixed another deal with Brazilian miner Vale and will order a very…
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Noble confirms sale of kamsarmax quartet
Hong Kong commodity trader Noble Group is selling four kamsarmax bulk carrier vessels as part of its debt reduction efforts.…
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Teekay Offshore takes options on shuttle tanker pair
Teekay Offshore Partners has declared options with South Korean shipbuilder Samsung Heavy Industries for the construction of two suezmax-sized DP2…
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China’s first offshore nuclear plant to deliver in 2020
China’s first offshore nuclear power station will deliver from a shipyard in 2020 and start working in the South China…
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ONE’s magenta ships set to turn heads
Shipyard workers in Japan have ordered in a batch of magenta paint which will go on an NYK ship under…
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HMM denies Zodiac chartering deal
Hyundai Merchant Marine (HMM) from South Korea has denied it has sealed a deal to take five 11,000 teu boxship…
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Sovcomflot in for more Samho aframaxes
One of the most aggressive buyers of aframax newbuilds this year is back in South Korea for more. Broker Intermodal…
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Shapoorji Pallonji makes first MR tanker play
Pallonji Shapoorji Mistry, the Indian-born Irish construction tycoon, has been linked to his first medium range tanker swoop. The reclusive…
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Pemex insider Trevino Medina named as new CEO
Mexico’s President Enrique Pena Nieto announced on Monday that the next CEO of state oil firm Pemex will be Carlos…
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MOL and Marubeni team up for Kamchatka LNG transhipment project
Japan’s largest shipowner Mitsui OSK Lines (MOL) and compatriot trading house have today signed a memorandum of understanding in Moscow…
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Dockwise struggles in loading damaged American warship
The incredibly unfortunate USS Fitzgerald has suffered more damage. The American destroyer, involved in a deadly collision with a Japanese…
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ICTSI moves ahead with PNG terminals
Impacted community landowner groups in Lae in Papua New Guinea have signed an agreement with International Container Terminal Services, Inc.…
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Turkey’s Yasa in for ultramaxes at NACKS
Yasa Shipping from Turkey is finally closing in on an ultramax buying binge. Having been linked with orders in China…
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Tripartite Shipbuilding Forum agrees ship designs need radical overhaul
Carbon emissions, safety and cyber security were at the top of the agenda at the annual Tripartite Shipbuilding Forum which…
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Zodiac orders five 11,000 teu ships to go on charter to HMM
Zodiac Maritime has ordered five 11,000 teu ships for delivery in 2019. The scrubber-fitted vessels will go on time charter…
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