Sector
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Creditors approve restructuring plans of South Korea’s largest yards
South Korea’s largest two shipyards – Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) – have had their restructuring…
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Posidonia talking points (part one)
Dagfinn Lunde, gearing up for his tenth Posidonia, providers readers with likely topics for discussion at the world’s most famous…
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Expanded Panama Canal ‘ready to receive the first vessel’
It has not been without its travails – leaking locks, collapsed walls and extraordinary budget overruns – but Grupo Unidos…
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Otto Marine takeover in the works
Singapore’s Otto Marine, an offshore yard and vessel operator, has revealed an unidentified firm is looking at buying the company.…
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Minerva linked with TMT VLCC auction
The , one of the few the remains of Nobu Su’s shipping empire TMT, has ben sold at an auction…
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Three more families of El Faro victims settle with Tote
Three more families of crew members who died in last year’s sinking of the cargo vessel El Faro have accepted…
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CIMC Enric terminates Sinopacific Offshore acquisition
CIMC Enric, an affiliate company of China International Marine Containers (CIMC), has announced that it has terminated the acquisitions of…
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China Merchants boss outlines One Belt, One Road investments
The head of China Merchants Group has outlined investment plans that chime with Beijing’s continent-yoking Belt and Road Initiative. Speaking…
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Tropical Shipping orders four feeder boxships at Huangpu Wenchong
CSSC-affiliated Guangzhou Huangpu Wenchong Shipbuilding has signed shipbuilding contracts with US-based Tropical Shipping for the construction of two 1,100teu containerships…
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Rebranded Abu Dhabi Ports marine subsidiary expands fleet
UAE port operator Abu Dhabi Ports has announced that it has renamed its subsidiary, Abu Dhabi Marine Services, to SAFEEN…
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PDVSA payment problems leave millions of barrels of BP crude in limbo
Four oil tankers are waiting outside the Caribbean island of Curacao, unable to come in and discharge their loads totalling…
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Green groups plan lawsuit over expansion of Port Everglades’ entrance channel
Green groups on Tuesday said they are planning to sue the US Army Corps of Engineers in a bid to…
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Shipping shares take a battering in New York
Likely providing a downer just as Posidonia festivities get underway in Greece, shipping shares took a battering in New York…
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Awilco LNG sells elderly laid-up gas carriers
Norway’s Awilco LNG has agreed to sell two of its 32- and 33-year-old LNG carriers, which are currently in cold…
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CMA CGM orders four small boxships at Cosco
CMA CGM has ordered four 3,300-teu containerships from Cosco (Zhoushan) Shipyard in China for an undisclosed price. The four vessels…
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Petrobras terminates charter of Subsea 7 pipelay vessel
Brazil’s Petrobras has terminated its day-rate contract for Subsea 7’s pipelay support vessel (PLSV) (pictured) ahead of schedule. The vessel’s…
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DOF Subsea vessels win new contracts in the Americas
Two of DOF Subsea’s multipurpose offshore vessels have won new contracts in Canada and Brazil. In Canada, will support saturation…
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Flex LNG appoints new CEO
Jonathan Cook is to join Flex LNG as CEO in the final quarter this year, leaving his current position as…
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D’Amico Dry to offload another elderly panamax
Italian shipping company d’Amico Dry has started its strategy of dismissing aged dry bulk tonnage while taking delivery of newbuildings.…
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Fenwick sells its oldest ship
Hong Kong owner Fenwick Shipping has offloaded its oldest ship. The low profile outfit sold the 16,900 dwt , built…
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