Sector
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Scrubbers are not shipping’s solution … yet
Khalid Hashim, the managing director of Precious Shipping, is not opening his wallet anytime soon to buy a scrubber for…
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Island Offshore rehires 300 staff
Norway’s Island Offshore has made an announcement that has rarely been seen in the OSV sector for the past couple…
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SapuraKencana awarded $97.4m of new contracts by Petronas
Malaysian offshore firm SapuraKencana Petroleum has announced that its subsidiaries have been awarded contracts worth a combined value of approximately…
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Shipping event overcapacity
This week we’ve had contributors help cover developments at three shipping events around the world. There’s been TPM, the massive…
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Diana Containerships fixes post-panamax to OOCL
Diana Containerships has found work for 2004-built post-panamax container vessel , signing a time charter contract with Hong Kong’s OOCL.…
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Seafarers urged to complete medical assistance survey
Tech firm Martek Marine has teamed up with maritime professionals’ trade union Nautilus International to launch a survey exploring the…
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Oman Shipping secures $227m financing for ten tankers
Oman Shipping Company has secured $227m to finance its purchase of 10 medium range tankers, which are locked into charters…
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Former TH Heavy Engineering CEO charged with money laundering
Former TH Heavy Engineering Bhd chief executive officer Datuk Nor Badli Munawir Mohamad Alias Lafti was charged in Malaysia’s Sessions…
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Time marches on for beleaguered Marenave
Endangered Hamburg owner Marenave Schiffahrts has managed to get yet another extension from its creditors to hold off demanding backpayments.…
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Chevron consortium signs contract with CNH to explore block in Gulf of Mexico
US supermajor Chevron and its consortium partners have signed an exploration contract with Mexico’s oil industry regulator Comisio Nacional de…
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Tsuneishi to create giant $100m recycling yard in the Philippines
Japan’s Tsuneishi Shipbuilding is readying a massive new ship recycling facility in the Philippines. The firm, which already has shipbuilding…
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Sainty Marine told to hand $5m over to Nanjing owner
Sainty Marine has announced that it has received an enforcement notice from Wuhan Maritime Court ordering the company to pay…
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Emas Chiyoda Subsea sends EMAS-AMC Norway into liquidation as new CEO appointed
Emas Chiyoda Subsea (ECS), which filed for chapter 11 in the US earlier this week, has placed Norwegian subsidiary EMAS-AMC…
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Bankruptcy claim lodged against Fesco
Another Russian owner is in dire financial trouble. A bankruptcy claim has been lodged in Moscow against Fesco, one of…
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Alphabulk calls for younger bulkers to be scrapped
Dry bulk owners could do well from learning a scrapping lesson from their container cousins, analysts at Alphabulk have posited…
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DSME wins up to four LNG carriers
John Fredriksen’s Flex LNG is being widely tipped as the mystery European owner behind an order at Daewoo Shipbuilding & Marine…
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Star Bulk adds kamsarmax foursome
Sources link the Petros Pappas-led bulker owner to four bulkers from one of Japan’s biggest sellers, Nisshin Shipping. In a…
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RBD Armatori puts three bulkers up for sale
Naples-baded RBD Armatori is in there process for reducing its fleet from 17 to 14 vessels, having just announced that is going…
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DHT secures financing for VLCC pair
DHT Holdings has secured bank financing for two 318,000 dwt VLCCs newbuildings ordered last month at South Korea’s Hyundai Heavy…
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McDermott International wins subsea tieback contract from Hess
Houston-based oil industry service company McDermott International has earned a contract with New York-based independent energy company Hess Corporation for…
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