Sector
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Cosco Shipping Energy orders seven tankers at DSIC
Cosco Shipping Energy Transportation, the tanker unit of China Cosco Shipping, has signed a major shipbuilding deal with CSIC-affiliated Dalian…
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McDermott awarded EPCI contract on Saudi Aramco field in Persian Gulf
Houston-based McDermott International on Monday announced it has been awarded a major contract with Saudi Aramco, Saudi Arabia’s state oil…
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Petrobras secures $1bn loan to pay some debt obligations
Petrobras, Brazil’s corruption-plagued and debt-burdened state oil firm, has secured a loan of $1bn from a syndicate headed by Standard…
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USCG helicopter crew airlifts ailing crewman from Maersk ship offshore Alaska
The United States Coast Guard (USCG) has made a daring medical evacuation to safely remove an ailing crewman from the…
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APL: Back in black
September marked one year since France’s CMA CGM took full control of Singapore flagship carrier, APL – 12 months in…
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Zim completes blockchain pilot project
Israeli shipping line Zim has announced that it has successfully completed the pilot of paperless bills of lading based on…
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ICS slams shipyard subsidies
A leading shipowning organisation has hit out at government subsidies supporting ailing shipyards. Addressing government trade negotiators in the OECD…
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China’s long game
China’s maritime dominance is about to become all encompassing. National strategic long-term plans mapped out in the 1990s are now…
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Ship operating costs rise
The cost of operating cargo ships rose marginally in 2017 following two consecutive years of falls, but shipowners should prepare…
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North P&I opens in Dublin as Brexit precaution
Following the result of the UK referendum on membership of the EU in July 2016, North and Sunderland Marine have…
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Shipping Corporation of India readies scrap candidates
State-backed Shipping Corporation of India (SCI) is having a clear out of its older tonnage. India’s flagship carrier reported an…
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Swire Blue Ocean CEO steps down
Lars Blicher has taken to LinkedIn to announce his resignation as CEO and director of offshore wind installation specialist Swire…
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CSSC Offshore & Marine Engineering to bring in strategic investors
CSSC Offshore & Marine Engineering, a subsidiary yard of China State Shipbuilding Corporation, has announced a plan to bring third…
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China’s water and pollution transfer
Jeffrey Landsberg from Commodore Research suggests politicians in Beijing will play into shipowners’ hands. As China continues to modernise, its…
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Spat heats up as Halom seeks to delay MMA Offshore equity raising
MMA Offshore’s largest shareholder Halom Investments, led by Singaporean OSV stalwart Michael Kum, is seeking to postpone a $97m equity…
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Take the offshore current when it serves
We have reached and passed the three-year mark from when oil prices took a nosedive in October 2014. Since then,…
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Ardmore Shipping: Disciplined approach
There is a prudence surrounding the business decisions Anthony Gurnee tends to make that were his peers to follow would…
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Owners seeing greater value in older crude tankers
The Japanese controlled aframax , a 14-year-old Namura-built tanker, saw up to eight possible buyers come to inspect the ship…
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Dalian Success Innovation orders 10 handysize bulkers at DSIC
Dalian Success Innovation Group has signed shipbuilding contracts with CSIC affiliated Dalian Shipbuilding Industry Corporation (DSIC) for the construction of…
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Merger mania intensifies for Chinese yards
China’s top 10 yards will hold 70% of yard capacity within three years, Jason Jiang reports. The modus operandi ahead…
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