Sector
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Vital boost for HMM from likely brokerage sale
The light at the end of the tunnel just grew brighter for South Korea’s Hyundai Merchant Marine (HMM). Its parent…
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Maersk Oil to close Houston office and downsizes in Angola
Maersk Oil has announced plans to reduce its organisations in Angola and the US amid the the continued challenging market…
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APM Terminals to spend $858m developing Tangier
Africa’s northern shoreline is getting ever more significant port investment. APM Terminals announced plans yesterday for a new $858m transhipment…
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Japanese firms lead race for Indian LNG contract
Two joint ventures have come forward for the latest round of bidding for state-run GAIL’s LNG shipping plans. GAIL is…
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Former minister suggests merging South Korea’s big three yards
South Korea’s top three shipbuilding should be merged into just one or two entities, a former minister said in Seoul…
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TS Lines refutes claims it mishandled TS Taipei grounding
TS Line has made an announcement stating that the company has been actively coordinating with all relevant agencies to deal…
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Lexington Institute defends the Jones Act
An influential think tank has come out vigorously in defence of the US maintaining the Jones Act as a bulwark…
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MOL to close Singapore bulker subsidiary
Mitsui OSK Lines (MOL) has performed a considerable volte face over its plans for Singapore. For a number of years…
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China Merchants Holdings to change name
Hong Kong-listed China Merchants Holdings (International) has announced that the board has proposed to change the name of the company…
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Coscocs confirms ten VLOCs at Waigaoqiao Shipbuilding
Coscocs, the new shipping conglomerate in China merged by Cosco Group and China Shipping Group, has signed shipbuilding contracts yesterday…
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Brazil’s Supreme Court takes over Lula investigation from Petrobras probe judge
The investigation into Brazil’s former national president Luiz Inacio Lula da Silva was on Thursday taken over by the country’s…
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Moody’s cuts Pemex to near junk
Mexico’s struggling state oil company Pemex on Thursday had its credit rating cut to near junk value by Moody’s Investors…
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Dynagas LNG secures new time charter contracts
Dynagas LNG Partners has signed an extension and two new long-term time charter agreements for a pair of LNG carriers. Gazprom Global…
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Still no financing for third vessel bought by Diana Shipping
Diana Shipping has drawn down from its ABN AMRO loan to finance two of three panamax bulk carriers it recently…
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Two dead in tanker explosion at Duisburg shipyard
At least two people were killed by an explosion and fire onboard the inland tanker Julius Rütgers at the Duisburg shipyard…
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POSH accommodation rig gets contract extension in Brazil
PACC Offshore Services Holdings’ (POSH) semi-submersible accommodation vessel POSH Xanadu has won a one-year extension to its contract in the Campos…
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Ezra and Chiyoda finalise subsea joint venture
Singapore’s Ezra Holdings and Chiyoda Corp of Japan have finalised the formation of their 50:50 joint venture EMAS Chiyoda Subsea,…
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V.Ships and Empros Lines form technical management partnership in Greece
V.Ships and Empros Lines have entered into a partnership that will create a specialised bulk carrier management cell in Greece.…
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Eagle Bulk Shipping secures future with recapitalisation deal
Eagle Bulk Shipping has announced that it has reached an agreement with the company’s lenders and holders of approximately 75%…
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Dry bulk to recover before containers and offshore?
The extreme levels of scrapping seen in the dry bulk market in the past few months should see the sector…
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