Sector
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First 21st-century capesize sold for demolition
London: Japan’s K Line has sold a 15-year-old capesize vessel for demolition, making the vessel the youngest cape to be…
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GC Rieber Shipping gets new partner on ice-breaking tug
Oslo: GC Rieber Shipping has said that joint venture partner Prisco has sold its 50 percent ownership share in ice-breaking…
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Techmarine raising cash for Samjin takeover bid
Seoul: Korean ship software pioneer Techmarine is seeking to raise additional cash to help buy out the assets of a…
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LNG the big winner in K Line’s 2020 vision
Tokyo: A dramatic growth in its LNG fleet forms a key plank in K Line’s new mid-term management plan announced…
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New contract for Olympic Shipping
Oslo: Olympic Shipping has been awarded a new short period contract for Olympic Taurus to conduct construction work offshore Argentina. In a…
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Litgas taking US cargoes
Oslo: Lithuania’s LNG importer Litgas says it will purchase LNG from the United States’ first export terminal. The Lithuanin company has…
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NYK and K Line conclude VLGC charters with Astomos
Tokyo: NYK and K Line have concluded time-charter contracts for new VLGCs with fellow Japanese firm, Astomos Energy Corporation. NYK’s…
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MOL confirms 20,000 teu sextet
Tokyo: The rapid escalation in boxship size has seen the 20,000 teu barrier broken officially for the first time. Japan’s…
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Subsea 7 awarded Shell contract extension
Oslo: London headquartered Subsea 7 has been awarded a two-year extension to two underwater services contracts by Shell Upstream International…
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New Delhi takes the plunge on major ports’ corporatisation
New Delhi: More than a decade after a government committee recommended the corporatisation of the 12 major state-owned ports, Finance…
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Emas Offshore takes two year option on Perisai Petroleum crewboats
Kuala Lumpur: Perisai Petroleum Teknologi has announced that subsidiary Intan Group has received notice from Emas Offshore to exercise a…
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Songkhla Port upgrades facility for better access
Bangkok: Songkhla Port in southern Thailand has renovated its breakwater structures for better ship access. The thalweg at the port…
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Shagang Shipping files for liquidation
Hong Kong: Dry bulk operator Shagang Shipping has filed for liquidation with a Hong Kong court, adding to the recent…
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Guangzhou Shipyard International relocation delayed
Guangzhou: Guangzhou Shipyard International (GSI)’s relocation plan has been delayed. The shipyard scheduled to relocate its main shipbuilding base to…
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Anti-corruption authority investigates Cosco and CSIC
Shanghai: The central government’s anti-corruption sweep on state-run companies continues. Following investigations into China State Shipbuilding Corporation (CSSC), China Shipping…
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Maersk ship runs aground in Fremantle
Sydney: A boxship belonging to Maersk Line ran aground early this morning entering Fremantle. The Maersk Garonne (4,544 teu, built 2003)…
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Oil scandal unfolds in Oslo
Oslo: Norway’s biggest opposition party, Abeiderpartiet, and others are seeking an explanation of what really happened during the final part…
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New Doha facility named Hamad Port
Doha: The new port being built in Mesaieed in Doha has been named Hamad Port, just like its new airport.…
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Italian coast guard to carry weapons in response to IS threat
Naples: Italy’s coast guard has passed a resolution to allow its teams to carry weapons, after threats from Islamic State…
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Team Tankers International announces new leadership
Oslo: Team Tankers International, the restructured version of Eitzen Chemical, has announced its new board of directors today, two days…
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