Sector
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Island Offshore vessels win contracts with Norske Shell
An anchor handling tug supply (AHTS) vessel and a riserless light well intervention (RLWI) vessel owned by Island Offshore have…
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Baltic Dry Index hits 500 points as upturn continues, more period fixtures too
The Baltic Dry Index (BDI) has climbed by 13 points from Tuesday and was assessed at 500 points today, its…
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POSH and Makamin spat continues
The spat continues between POSH Semco (PSPL) and Makamin Offshore Saudi, which has accused the Singapore-based company of forging or…
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Calls for Canada government to revise Arctic shipping plans and heed the concerns of Inuit people
An environmental group has called on Canada’s federal government to reconsider plans for Arctic shipping corridors to include the views…
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Keppel FELS Brasil to build FPSO modules for Modec
Keppel FELS Brasil has won a BRL 500m ($135.8m) contract to fabricate and install the topside production modules for a…
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US fines Korea’s Doorae Shipping nearly $1m for polluting discharge off Hawaii
US authorities on Tuesday fined the owners of a South Korean oil tanker $950,000 after oily bilge water was dumped…
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Indonesian owner willing to pay Abu Sayyaf ransom to free crew
The firm that owns the tugboat that was hijacked by the Abu Sayyaf militant group in the southern Philippines last…
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The Panama Papers: part one
It is said that if you place a frog in a saucepan full of cold water, put the saucepan on…
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Cape bargains lead sales in the first quarter
In the first of a regular broker/valuation round up, Craig Jallal from VesselsValue.com looks at key trends from the first…
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Hyundai Heavy tipped to win IRISL boxship trio
The Iranian slew of ship orders are due to get underway very shortly with South Korea’s Hyundai Heavy Industries (HHI)…
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US Department of Justice ready to sue to prevent merger of Halliburton with Baker Hughes
The US Government is set to take legal action this week to block a proposed merger of the world’s second…
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Can we embrace data and technology?
Constantine Komodromos, the ceo of VesselBot, on the path to smarter shipping. If I were reading my own post I…
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Corvus Energy: Low oil prices hindering battery take-up
Richmond: Low energy prices are keeping battery power developments at sea on the back burner, argues the head of one…
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PSA in $500m bonds move
Singaporean terminal operator PSA International has pushed ahead with a $500m bond issue. The 2.5% guaranteed notes are due in…
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‘We’re not in the business of constantly acquiring shiny new toys’: NAT’s Hansson
Herbjørn Hansson, the chairman and ceo of Nordic American Tankers, is well known for his more colourful letters to shareholders.…
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DryShips sheds stake in Ocean Rig and sells three capes to Economou
DryShips will sell its entire stake in Ocean Rig, which shares a common chairman and CEO in George Economou, and…
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CSIC completes propulsion restructuring
Shanghai-listed Fengfan Limited, an affiliated company of China State Shipbuilding Corporation (CSIC), has announced that it has completed a restructuring…
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Zhongchang Marine resumes regular trading
Zhongchang Marine has announced that Shanghai Stock Exchange has agreed to cancel the trading limit on the company’s shares as…
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Shell takes Socatra product tanker duo on timecharter
Shell has booked two MR product tankers owned by France’s Socatra on one-year period charters, both fixed at $16,750 daily,…
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Italians deny acquisitions
The Monaco-based Sea World Management is frequently linked these days as potential buyers of mid-age secondhand tonnage in the liquid…
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