Sector
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South Korea’s oldest shipyard mulls relocating
South Korea’s oldest existing shipyard might relocate from its central Busan location. Founded in 1937, Hanjin Heavy Industries & Construction’s…
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Navios scraps controversial loan agreement
Navios Maritime Holdings and Navios Maritime Acquisition Corporation have terminated a controversial loan agreement signed by the two companies in…
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A weighty issue
John Butler, president and CEO of the World Shipping Council, yesterday spoke before the US House Committee on Transportation and…
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Saipem secures TAP contract
Saipem has been awarded a contract by Trans Atlantic Pipeline (TAP) for engineering, procurement, construction and installation (EPCI) for the…
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Ezra and EMAS Offshore sell FPSO Lewek EMAS
Ezra Holdings and EMAS Offshore have announced that they have accepted a non-binding letter of intent to sell at least…
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Oil industry claims new US safety rules financially crippling
Six days before the sixth anniversary of the Deepwater Horizon disaster the US Department of the Interior released much-heralded new…
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DeepOcean awarded offshore Ghana contract by Tullow
DeepOcean has been awarded a three-year contract, with options for two additional years, to provide a light construction vessel (LCV)…
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More draft restrictions for vessels using Panama Canal
The Panama Canal Authority (ACP) has announced its third recent temporary draft restriction because of water-level concerns in Gatun Lake,…
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Things I think about while running: Spring has sprung
Ahead of the London Marathon which I am running for Sailors’ Society I’m penning a few articles that somehow link…
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‘Any ship built today must be able to operate in a net zero emission world’
Gavin Allwright, secretary general of the International Windship Association, sets the scene for the upcoming MEPC meeting at the IMO.…
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H.E.R.O. Awards: Maritime search and rescue recognition
London: Regular readers of this site might recall we are not generally fond of shipping industry awards. However, we also…
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Bibby Offshore wins first contract in Norway with ConocoPhillips
Bibby Offshore’s Norway division has been awarded its first contract in the region with ConocoPhillips Skandinavia, in which the Stavanger-based…
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Greek shipowners turn away from registering ships in Greece in favour of Malta
Greek shipowners continue to flag the majority of their vessels in Greece and Liberia, but are increasingly favouring the Maltese flag…
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E.R. Capital and Rickmers plan shipmanagement merger
Germany’s Rickmers Holding and E.R. Capital Holding GmbH & Cie. KG have signed a declaration of intent to merge their respective…
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DSME takes Angelicoussis suezmaxes from Mangalia
Daewoo Shipbuilding & Marine Engineering (DSME) is pulling the plug on its Romanian subsidiary. The South Korean yard, under pressure…
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Narendra Modi promises to restore India’s ‘position of eminence in the global maritime sector’
Opening the Maritime India Summit today in Mumbai, prime minister Narendra Modi promised to restore India’s “position of eminence in…
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Cosco Dalian and DACKS in merger talks
Dalian, already home to one of the world’s largest shipyards, could have another giant name in global shipbuilding soon. Amid…
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Zhejiang Shipping to start debt restructuring
Zhejiang Shipping Group, a major state run shipping firm controlled by Zhejiang Communications Investment Group, is very likely to start…
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EMGS slashes 15% of workforce
Norway’s Electromagnetic Geoservices (EMGS) is restructuring in an urgent bid to cut costs by up to $10m a year. The…
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Noryards BMV bankrupt
Another Norwegian yard has declared itself bankrupt. 96 employees have lost jobs following the news Bergen-based Noryards BMV has folded,…
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