Sector
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DryShips bulker detained in Ningbo after collision with fishing boat
A DryShips bulker has been detained along with 20 crew at Ningbo Port for investigations after it allegedly collided with…
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Louis Dreyfus tipped to sell Brazil terminal stake
Louis Dreyfus is being tipped to sell its stake in a new Brazilian grains terminal. Reuters reports the trader is…
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Reach Subsea secures scientific research contract
Reach Subsea has announced that it has entered into a firm contract with NTNU for the MarMine Project to complete…
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The high-tech road to survival
Italian yards have to pursue niches amid intense competition from East Asia. In the last decade shipyards in Italy have…
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Pangaea Logistics Solutions lower rates for client facing bankruptcy
Pangaea Logistics Solutions on Friday announced it has amended the terms of a long-term contract of affreightment (COA) with a…
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Scorpio Tankers seals $44m loan for refinancing of MR pair
NYSE-listed Scorpio Tankers announced on Friday it has received commitment for a loan facility of up to $44m from NIBC…
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Boaty McBoatface will live on as an ROV, polar research vessel’s official name revealed
Despite a landslide online vote in favour of naming the ship Boaty McBoatface, the UK’s Natural Environment Research Council (NERC) says its…
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Arrested vessel is at the centre of a bunker spat
A bulk carrier arrested in Venice this week is at the centre of a dispute over an unpaid bunker bill…
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Harkand’s North America and African business bought by management
AJ Jain, managing director of Harkand North America, has agreed to a management buyout of bankrupt Harkand’s businesses in North…
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Another 48-hour strike begins at Greek ports
Strikes have commenced at major commercial ports in Greece, which will stop work for up to 48 hours. The Seamen’s Union…
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Bankrupt Harkand cancels Eidesvik charter
Harkand Gulf Contracting has terminated its charter of Eidesvik’s offshore construction vessel (OCV) Viking Poseidon (built 2009) with immediate effect.…
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‘We expect some upward price momentum’: Maersk Line’s Skou
The head of the world’s largest containerline reckons freight rates are picking up. Søren Skou, CEO of Maersk Line, today…
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Sinochem setting up in Singapore as it eyes transpacific trades
Sinochem Shipping will open a new office in Singapore in 10 days time as part of plans to interenationalise the…
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IMarEST: Shipping’s looming skills gap must be tackled now
London: Shipping’s looming skills gap must be tackled now, says the new president of the Institute of Marine Engineering, Science…
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MOL starts new Indonesian LNG joint venture
Japan’s Mitsui OSK Lines (MOL) has teamed up with a local partner in Indonesia, PT Pelindo Energi Logistik (PEL) to…
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Pressure builds for ABG Shipyard
India’s largest private shipbuilder ABG Shipyard, which is in dire financial trouble, has failed to hook in a new investor.…
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Overseas push
Non-Italian business is close to surpassing domestic revenues at RINA for the first time. Every year RINA Group becomes more…
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Tsuneishi Zhoushan to enter cruise market
Japanese shipbuilder Tsuneishi Shipbuilding is planning to enter the luxury cruise construction market and will use its shipyard in Zhoushan…
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McDermott secures three contracts in the Arabian Gulf
McDermott International has announced that it has been awarded three separate projects by a major national oil company for integrated…
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Petrobras and Ensco wheel and deal on rig contracts
UK-based offshore drilling contractor Ensco has revised terms with Petrobras over some of its rig contracts with Brazil’s scandal-plagued, financially…
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