Sector
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K Line panamax fixed on timecharter
K Line’s panamax bulk carrier (78,259 dwt, built 2013) has been reported fixed on a 10- to 16-month timecharter to…
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Safe Bulkers amends ING Bank loan
Safe Bulkers has changed the terms of its existing $32m revolving credit facility with ING Bank, which has been secured…
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Glomar OSV wins long-term contract in North Sea
Glomar Offshore’s emergency response and rescue vessel (ERRV) has won a three-year contract in UK waters of the North Sea…
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US government says fracking off California poses no threat to environment
The United States’ Bureau of Safety and Environmental Enforcement (BSEE) and Bureau of Ocean Energy Management (BOEM) have announced that…
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‘We need to demolish an enormous number of ships’: Philippe Louis-Dreyfus
The dry bulk market could become profitable again in 2019 – but only if a series of extremely tough and…
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‘Groundless rumour’: HMM slams Hanjin merger talk
Hyundai Merchant Marine (HMM) has slammed reports linking it to a merger with compatriot Korean line Hanjin Shipping. Local media…
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The PartnerShip: Shipping awareness project to launch at Posidonia
London: The PartnerShip is a global initiative to create awareness of the shipping industry by building, educating and fundraising via…
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Boa Offshore continues bond buy-back scheme
Oslo-listed Boa Offshore has launched its offer to spend up to NOK 79.6m ($9.53m) in repurchasing more of the remaining BOAO03 PRO…
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Jinhui Shipping holds restructuring talks with lenders
Hong Kong- and Oslo-listed dry bulk operator Jinhui Shipping and Transport has given a remarkably frank assessment of the markets…
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Fredriksen pumps $275m into Frontline
John Fredriksen has stumped up $275m of his own cash as a loan for Frontline for its newbuilding program in…
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HMM urged to merge with Hanjin Shipping to join THE Alliance
THE Alliance, a brand new grouping of six containerlines, only has room for one South Korean member, according to a…
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Debts at Korea’s top yards soar past KRW100trn
The combined debt held by South Korea’s top nine shipbuilders topped KRW100trn won ($84.7bn) last year according to the data…
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Tasik Subsea star is born with new vessel launch
Task Subsea, a new subsea services company set up by former Hallin Marine boss John Giddens and M3 Marine’s Mike…
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COSL Drilling receives safety order after rig incident
Chinese offshore drilling contractor COSL Drilling has received a safety order from Norway’s Petroleum Safety Authority (PSA), following investigations of…
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ABG Shipyard CEO resigns
India’s ABG Shipyard has announced that the board have accepted the resignation of its managing director and ceo Syed Abdi.…
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China Merchants joins ICBC Leasing on VLOC project
China Merchants Energy Shipping (CMES) has announced that its fully owned subsidiary China VLOC Investment has signed an agreement with…
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Port of Beaumont closed after oil spill
The Port of Beaumont in Texas and a section of the Neches River were closed after an oil spill from…
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Shipbuilders’ Kodak moment
Shipbuilders are about as good at predicting the future as senior management at film makers Kodak were at the time…
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Chinese group to invest $25m for Darwin Port development
Chinese multi-sector company Landbridge Group has announced a plan to invest $25m to develop Australia’s Darwin Port as part of…
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CMA CGM moves to complete NOL takeover
French containerline CMA CGM today announced its firm intention to make an all-cash voluntary conditional general offer for all the…
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