Sector
-
Wood Group wins contract with Statoil and Sinochem in Brazil
Wood Group Mustang has won a contract to provide detailed engineering, design and procurement services to Statoil and Sinochem’s joint…
Read More » -
Singapore Exchange extends negotiations for Baltic Exchange takeover
The period of exclusive discussions between the Singapore Exchange (SGX) and the Baltic Exchange has been extended by a further…
Read More » -
SapuraKencana awarded host of new contracts
SapuraKencana has announced that subsidiaries within the SapuraKencana Group have been awarded new contracts and extensions with a combined value…
Read More » -
Arrest beckons for former DSME boss as fraud investigation hots up
A former ceo of Daewoo Shipbuilding & Marine Engineering (DSME) was taken into custody today over the yard’s huge accounting…
Read More » -
Total strips Maersk Oil of its rights to Qatar’s largest oil field
Maersk Oil is beating a retreat from Qatar. The Danish firm has lost out in a bid to extend its…
Read More » -
CMA CGM ready to delist NOL
CMA CGM has crossed the 90% ownership threshold in Singapore’s Neptune Orient Lines (NOL), the parent of boxline APL. Following…
Read More » -
Wisdom Marine enters tanker sector with double order at JMU
Taiwanese owner Wisdom Marine has announced that the board has approved a proposal to order two 115,000dwt oil tankers at…
Read More » -
HMM granted extra time to get its finances in order
Struggling Hyundai Merchant Marine (HMM) has been handed another month’s breathing space by creditors to get its financial footing safely…
Read More » -
South Korea rushes through stimulus package to help struggling shipbuilders
President Park Geun-hye today urged local politicians to ratify a stimulus package worth KRW20trn ($17bn), including KRW10trn in extra budget,…
Read More » -
Rem Offshore sets out restructuring path
Norway’s Rem Offshore has detailed plans of a restructuring after months of discussions with banks, bondholders and major shareholders. The…
Read More » -
HKND to devise bioversity plans for Nicaragua Canal project
HKND, the Hong Kong-based Chinese company behind a mooted Nicaragua Canal plan, is teaming up with an environmental NGO in…
Read More » -
Tanker price sentiment springs a leak
Tim Smith, senior analyst at Maritime Strategies International, warns secondhand price erosion in the tanker market has some distance to…
Read More » -
Egypt seeks a third FSRU
Egyptian Natural Gas Holdings (EGAS) will launch a global tender this week to charter for five years a third FSRU…
Read More » -
McDermott lands contract from Pemex for new Abkatun platform
Houston-based oil industry service provider McDermott International has landed a $454m contract from Mexico’s state oil firm Pemex to work…
Read More » -
California ports given extension for emission reduction plans
California’s clean air agency has extended by three months a deadline by which diesel-powered ships need to show how they…
Read More » -
HCI Capital becomes Ernst Russ
HCI Capital has decided to change its name to Ernst Russ AG to reflect a shift in the company’s focus.…
Read More » -
Moroccan port operator lists
The Moroccan government has raised $197m by selling a 40% stake in state-owned port operator Marsa Maroc. Marsa Maroc was…
Read More » -
BigLift orders another heavylift vessel
BigLift Shipping has ordered a third Happy S-type vessel at Ouhua Shipbuilding in Zhoushan, China. The contract price was not…
Read More » -
SwissMarine charters Diana panamax
Geneva-based SwissMarine Services has booked Diana Shipping’s panamax Crystalia (77,525 dwt, built 2014) on an 11- to 14-month timecharter. The…
Read More » -
Jinhui Shipping confirms supramax sale
Jinhui Shipping and Transportation has confirmed it has entered into a memorandum of agreement to sell another supramax bulk carrier, Jin…
Read More »