Sector
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Yangfan Shipbuilding on edge as financial troubles heighten
Despite a recent attempt made with the local government to help it overcome cash flow problems, Yangfan Shipbuilding Group’s financial…
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Hanjin Shipping expected to be given extra month to get restructuring set
Hanjin Shipping is expected to be given an extra month to get its debt rescheduling program in place. Korea Development…
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Wallem: ‘Consistent, sustainable and organic growth’
Wallem, one of the world’s largest shipmanagers, is not following many of its peers by pursuing aggressive growth, the company’s…
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Claxton quits Thoresen Thai
Another well-known name in Asian dry bulk circles is parting ways with his employers. Ian Claxton, who has been with…
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Guangzhou Huangpu starts marketing pair of ultramaxes
Broking sources tell Splash Guangzhou Huangpu Shipbuilding has started marketing a pair of ultramaxes that Hong Kong’s KC Maritime has…
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Samsung Heavy linked to giant Indian FSRU contract
A report out by Seoul-based Hi Investment & Securities suggests Samsung Heavy Industries (SHI) is on the cusp of winning…
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Almi in for pair of VLCC newbuilds
Greece’s Almi Maritime has ordered two VLCCs at Hyundai Heavy Industries. The ships are costing around $85.5m each with delivery…
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Worker falls to his death at Hyundai Heavy
A 39-year-old worker became the eighth man yesterday to die this year at a yard controlled by Hyundai Heavy Industries…
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D’Alesio completes restructuring
Leghorn-based D’Alesio group has successfully completed its debt restructuring process with the banks under Italy’s article 67 of the bankruptcy…
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Sacked Horizon whistleblower awarded more than $1m in damages
A court in the US has awarded more than $1m to a former Horizon Lines master who was sacked in…
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CSBC wins court case against former president
Taiwanese shipbuilder CSBC Corporation has announced that the Supreme Court of Taiwan has made a final ruling yesterday on a…
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Pokémon Go and the art of management
Captain Jan Sundberg identifies what CEOs could learn from the latest gaming craze. My kids are deeply into the suddenly…
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Navig8 gets $66m loan for new product tankers
Navig8 Product Tankers has agreed a $66m senior secured credit facility with ABN AMRO Bank in Singapore for post-delivery financing…
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Havila and DeepOcean agree rate cut for subsea vessel
Havila Shipping and DeepOcean have negotiated a lower day rate for the subsea support vessel Havila Phoenix (built 2009), which…
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Paragon Offshore wins new work, stacks another two vessels
Paragon Offshore has won new term employment for two of its drilling rigs, but contract terminations by Petrobras have forced…
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Beijing relaxes FTZ restrictions
China’s State Council has released a document with revised regulations on the country’s four free trade zones (FTZs) in Shanghai,…
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Guilty verdicts for heroin smuggling owner and agent
A former shipowner and a shipping agent were found guilty yesterday of smuggling more than two tons of heroin into…
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Magellan to build Pasedena product terminal
Magellan Midstream Partners will construct a new high-capacity marine terminal along the Houston Ship Channel in Pasadena, Texas to handle…
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Ensco sells six for scrap
UK-headquartered offshore driller Ensco has sold off six assets for scrap according to its latest fleet status report. The six are made up…
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Cosco Pacific changes name
Hong Kong-listed Cosco Pacific, the port investment vehicle of China Cosco Shipping Group, has announced that the board has approved…
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