Sector
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KDB seeks new CEO for HMM, might appoint a foreigner for the first time
In its 40th year of existence Hyundai Merchant Marine will sever ties with Hyundai Group on August 5 and belong…
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Maersk, MSC & HMM: accident waiting to happen?
If you believe executives of the three parties to the MoU, this is the deal that will have the major…
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Bahri gets financing fixed for another 15 VLCCs
National Shipping Company of Saudi Arabia (Bahri) has teamed up with Arab Petroleum Investments Corp (APICORP) to launch a $1.5bn…
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Indian yard workers go on hunger strike
Around 350 workers of Western India Shipyard have gone on hunger strike protesting parent firm ABG Shipyard’s failure to pay…
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NYK pleads guilty to car carrier cartel charges
Japan’s Nippon Yusen Kaisha has pleaded guilty to criminal cartel behavior at Australia’s federal court. On Friday, Splash reported the…
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Shoei Kisen offloads supramax for $7.7m
Japan’s Shoei Kisen Kaisha has sold a 10-year-old Imabari-built supramax to Bangladeshi interests for $7.7m. Meghna Group, a diverse conglomerate…
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Samsung Heavy close to winning first contract of the year
Samsung Heavy Industries’ (SHI) barren spell is likely to come to an end soon. The major Korean yard has been…
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Third Mingde Heavy Industry auction fails
The third round of auctions for bankrupt Nantong Mingde Heavy Industry has failed yesterday due to there being no bidders…
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CNOOC to list offshore services unit
China Securities Regulatory Commission (CSRC) has released an IPO prospectus for CNOOC Energy Technology & Services, an fully owned subsidiary…
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Toll Shipping orders two roro ships at Jinling Shipyard
Australia’s Toll Shipping has signed shipbuilding contracts with Sinotrans & CSC affiliated Jinling Shipyard for the construction of two 12,000dwt…
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Hapag-Lloyd cuts financial outlook
German containerline Hapag-Lloyd has revised downwards its predictions for the current financial year citing “weaker than expected” freight rates. In…
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Aegean and three engineers indicted over alleged pollution conspiracy
Two subsidiaries of Greece’s Aegean Group on Friday were indicted in Charleston, South Carolina, on pollution conspiracy and obstruction of…
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Celsius snaps up ultramax resale
Clarksons Research reports China’s Zhejiang Yangfan shipyard has sold a SDARI 64 design ultramax resale (Hull BC64k-DM02), for prompt delivery,…
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Bosphorus reopens after Turkey coup attempt
Turkish maritime authorities reopened Istanbul’s Bosphorus Strait yesterday having shut it for a number of hours following an attempted coup…
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Cocaine ship allowed to leave Italy
Mediterranean Shipping Company (MSC) has responded to news that an Italian captain onboard its vessel, , has been arrested in…
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SBM Offshore agrees to settlement with Petrobras and Brazilian authorities over bribes scandal
Petrobras and Brazilian prosecutors on Friday signed an agreement with Dutch firm SBM Offshore whereby SBM will pay fines and…
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DOF secures $450m loan for restructuring
DOF ASA’s lending banks have approved a new NOK3.8bn ($450m) senior loan facility for DOF Rederi, as part of the…
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Product tanker explodes in Vietnam dry dock
Six workers were badly burnt during an explosion onboard a product tanker at a dry dock in Hai Phong, Vietnam…
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Fishing vessel collides with Exmar LPG carrier at Le Havre
A French fishing vessel reportedly collided with a laden LPG carrier anchored outside Le Havre at around 02:10hrs local time…
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Nobu Su’s RBS litigation gathers pace
Nobu Su, chairman of Today Makes Tomorrow (TMT), has successfully served Fred Goodwin, former chief executive of UK bank RBS,…
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