Sector
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Average size of boxships and LNG carriers more than doubles over the past 20 years
The average size of containerships and LNG carriers has more than doubled over the past 20 years, according to data…
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MMA Offshore facing shareholder revolt led by Michael Kum’s Halom Investments
MMA Offshore’s largest shareholder Halom Investments, led by Singaporean OSV stalwart Michael Kum, is calling for the removal of the…
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Addax extends FPSO contract with BW Offshore despite previous dispute and cancellation
BW Offshore subsidiary Sendje Berge has agreed terms of a contract extension for FPSO with Nigeria’s Addax Petroleum Exploration. The…
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Shanghai Dingheng Shipping orders 16 chemical tankers at Xinle, negotiating for 10 more
Chinese tanker owner Shanghai Dingheng Shipping has commenced a significant expansion of its tanker fleet at Ningbo Xinle Shipbuidling, planning…
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Rosneft orders 10 tankers at Zvezda
The shipping subsidiary of Russian energy giant Rosneft has ordered 10 tankers to be built on home soil. Rosnefteflot has…
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Noble Group sells oil trading business to Vitol
Having completed the sale of its gas and power business earlier this month, Hong Kong commodity trader Noble Group has…
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UAE and ITF to work together to solve abandonment cases
The United Arab Emirates’s Federal Transport Authority (FTA) and the International Transport Workers’ Federation (ITF) have agreed to work together…
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Ukrainian master disappears from MSC containership in Italy
A 54-year-old Ukrainian master has disappeared from the 2,000 teu containership while the vessel was en route from the Italian…
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Mosvold Shipping orders capesize pair at Yangzijiang Shipbuilding
Norwegian owner Mosvold Shipping has placed an order for two 180,000 dwt capesize bulk carriers, with two additional options, at…
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Dynacom Tankers snaps up VLCC from K Line
Greek owner Dynacom Tankers has acquired 2004-built VLCC from Japanese owner K Line. According to a report by Clarkson, the…
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Guangzhou Port reveals expansion plans
Guangzhou Port has announced a plan to develop a new terminal at its Xinsha port area and a new car…
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Scorpio Bulkers banks $6m from kamsarmax sale and leaseback deal
Monaco-headquartered Scorpio Bulkers has entered into a sale and leaseback deal with an unnamed Japanese party for 2015-built kamsarmax .…
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Access to Port of Corpus Christi closed after oil barge blast leaves one dead, one missing
A crew member died and another was missing on Friday after an explosion and fire on an oil barge off…
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Size of last week’s Gulf of Mexico oil spill revised upwards to 16,000 barrels
The US Coast Guard (USCG) on Thursday said that initial estimates of the size of last week’s major oil spill…
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RBD Armatori shareholders given jail time for tax evasion
The former management at Naples-based RBD Armatori have collectively been sentenced to over 30 years of jail in a tax…
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Charity demands port and flag states are held accountable in crew abandonment fight
The charity Human Rights at Sea (HRAS) has called for greater resources to be deployed by both UN bodies, the…
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Univan brand disappears as Anglo-Eastern reveals new corporate look
A large global shipmanager has refreshed its brand, in the process jettisoning one of the oldest names in the sector.…
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Korea Eximbank to sell stake in Dae Sun Shipbuilding
The Export-Import Bank of Korea (Korea Eximbank) is looking to sell its entire 67.27% shareholding in shipbuilder Dae Sun Shipbuilding…
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Navios Maritime Containers pounces for panamax pair
Navios Maritime Containers is acquiring two 2009-built 4,250 teu container vessels to take its fleet to a total of 16…
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Victor Restis invests in Globus Maritime
Tycoon Victor Restis has come in via a private placement to take 12.5m shares at $1.60 a unit at fellow…
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