Sector
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Former Sainty Marine officials’ shares sold by court
Sainty Marine has announced that a court has enforced the sale of stocks held by former president Wang Junmin, and…
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Repsol Sinopec Resources awards major contracts
Repsol Sinopec Resources UK has announced new major contracting strategies, reflecting its long-term strategic commitment to the North Sea and…
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Petronas terminates service contract with Petrofac
Petrofac Energy Developments and its partners, Kencana Energy and Sapura Energy Ventures, have reached mutual agreement with Petronas for the…
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Bodouroglou tries to reassure Paragon shareholders
Paragon Shipping’s founder, chairman and CEO Michael Bodouroglou has published an open letter to shareholders, saying the company is doing…
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GasLog fixes VLGC newbuilding to Total on long-term charter
Total Gas & Power Chartering has fixed a GasLog VLGC newbuilding on a seven-year timecharter, commencing when the ship is…
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Sovcomflot to be privatised ‘before the end of the year’
Igor Shuvalov, Russia’s first deputy prime minister, has said state-owned shipping company Sovcomflot could be privatised before the end of…
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Eagle Bulk raises $3m in another private placement
NASDAQ-listed Eagle Bulk has signed a stock purchase agreement with unnamed investors to raise another $3m in gross proceeds through…
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K Line boosting Manila training setup
One of the biggest takers of Filipino seafarers is bolstering its training set up in Manila. Kawasaki Kisen Kaisha (K…
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Chinese steel output likely to exceed expectations
A new report from Commodore Research shows some hope for beleaguered dry bulk owners. China’s economy has experienced a significant…
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Maersk and HMM rebuff acquisition talk
With news providers in South Korea and Europe once again linking Maersk Line with buying Hyundai Merchant Marine (HMM), a…
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Yangzijiang Shipbuilding confirms Lomar Shipping boxship blitz
Chinese shipyard Yangzijiang Shipbuilding has confirmed to Splash that negotiations are underway with London-headquartered Lomar Shipping, who Chinese media reports…
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Cash is king? The issues facing the OSV market
My latest round of advisory services to private equity and fund managers looking at investment opportunities in the OSV sector…
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Three taken hostage in the Celebes Sea
Another tugboat was hit by pirates on Saturday night in the Celebes Sea between the Philippines and Indonesia. Three Indonesian…
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NZ Shipping Federation: Wellington fails to recognise importance of coastal shipping
The New Zealand government has little appreciation of the importance of coastal shipping to the local economy, Annabel Young, executive…
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Unipec still dominates dirty spot market
China’s Unipec continues to be the dominant dirty tanker spot charterer in the first half of the year, according to…
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PIL adds to bulker fleet with MOL capesize acquisition
Pacific International Lines (PIL), controlled by the Teo family, has dipped into the dry bulk sector to take advantage of…
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MSC looking at a new repair yard in Gioia Tauro
The world’s number two container carrier Mediterranean Shipping Company (MSC) will heavily invest in southern Italy in the coming years…
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Torm secures financing from China for four newbuildings
Torm has announced that it has entered into a financing agreement for four 114,000dwt LR2 tanker newbuildings to be delivered…
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Swiber seeks legal advice as share sale stalls
Singapore-listed offshore engineering company Swiber Holdings is seeking legal advice after it revealed today that British firm AMTC Ltd has…
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Malaysian yard on the brink as claims mount up
Malaysian shipyard TH Heavy Engineering (THHE) stands on the brink as it desperately seeks cash to fight off three winding…
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