Sector
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Hyundai Merchant Marine may offer debt-for-equity swap in charter rate negotiations
Hyundai Merchant Marine (HMM) must renegotiate a 28.4% cut in charter rates before May 20 or will likely enter court…
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‘Too many cooks’: Drewry’s verdict on THE Alliance
Shipping consultant Drewry has echoed comments made by other analysts on the potentially unwieldy nature of containershipping’s new grouping, THE…
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Splash TV: Dry cargo a ‘nightmare’, says Tim Huxley
Dry cargo continues to be a “nightmare” warns Tim Huxley, ceo of Hong Kong-based Wah Kwong Maritime Transport Holdings, in…
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Navalmar UK: Selling up
Marina di Carrara: Enrico Bogazzi, a well known name in bulk shipping despite being a very low profile man, can…
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Financing for Bourbon gas carrier move delayed
French offshore vessel operator Bourbon has said that the required financing for the acquisition of the gas activities of Jaccar…
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SPP sale hits a snag
The protracted sale of a yard belonging to SPP Shipbuilding has hit another delay, with Samla Midas Group, the potential…
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El Faro captain planned to ‘shoot under’ fateful storm, panel hears
The US Coast Guard’s (USCG) Marine Board of Investigation’s probe into the El Faro disaster started its second phase on…
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Chevron to chop another 800 jobs in Thailand
US oil company Chevron plans to cut 800 staff in Thailand this year as it looks to cut $500m in…
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Light at end of the tunnel, or merely glowing emergency signs?
Whilst presenting a series of workshops and planning sessions for the OSV market and shipyards over the last month, I…
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St Lucia pushes for open registry
Another Caribbean island is looking to get in to ship registration. St Lucia is close to creating an open ship…
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Sonatrach orders LPG carrier at Jiangnan Shipyard
Hyproc Shipping, a subsidiary of Algerian state energy company Sonatrach, has ordered a liquefied petroleum gas (LPG) carrier at China’s…
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Recovery of Shell flowline discharge continues while production resumes
Efforts continued on Monday, the fifth day after the incident, to clean up an oil spill from an underwater flow…
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Two men indicted for making fraudulent Deepwater Horizon damages claims
Two men have been indicted by a Florida grand jury for making fraudulent damages claims against BP in relation to…
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Elektrans tanker removed from UN blacklist
Elektrans’ aframax tanker Distya Ameya has been removed from the UN Security Council’s sanction list, thanks to support from its flag…
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DSME to manage state-owned shipyard in Iran
Daewoo Shipbuilding & Marine Engineering (DSME) has signed a memorandum of understanding (MOU) with the Iranian government to run the Iran…
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Tonnage ordered at South Korean shipyards falls by 94% during Q1
A new report has quantified the massive slump in newbuilding activity that has forced most major shipyards in South Korea to restructure…
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MSC fined $50,000 for oil spill in Ghana
Mediterranean Shipping Company (MSC) has been fined $50,000 by the Ghana Ports and Harbours Authourity (GPHA) after heavy fuel oil leaked…
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Australia welcomes new shipping line
Australia has a new shipping line. Great Southern Shipping Australia (GSS) and China’s Rizhao Port Group are joining forces and…
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Global box fleet set to surpass 20m teu next month
BIMCO expects the container shipping fleet to break through the 20m teu barrier as soon as next month. 2016 will…
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NITC says insurance is fixed for its Europe-bound fleet
One final thorny issue ahead of National Iranian Tanker Company’s (NITC) return to European trades appears to have been fixed.…
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