Sector
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Deloitte Anjin loses HMM contract
Korea Development Bank (KDB) has ditched due Deloitte Anjin to carry out due diligence on Hyundai Merchant Marine (HMM) because…
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Cambiaso Risso takes back ship agency business
Six years after the split of its insurance brokerage and ship agent businesses, Cambiaso Risso Group is reconsolidating its activities…
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Petrobras plans to save $500m annually with internal restructuring
Brazil’s embattled and scandal-plagued state oil firm Petrobras has revealed in a securities filing that it plans to save about…
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Baltic indices show big boost (and it’s no April fool)
The Baltic Dry Index (BDI) today advanced by 21 points to 450, the biggest daily increase posted since September 17,…
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PGS, TGS and Schlumberger WesternGeco win multi-client survey in Malaysia
Petronas is trying to stimulate investment in offshore exploration and production (E&P) by opening up an area of Malaysian offshore…
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Unaoil raided on corruption charges in Monaco, multinationals implicated
Oil company Unaoil and the homes of its bosses have been raided by authorities in Monaco as part of a…
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Technics Oil & Gas names new managing director
Tan Sri A K Nathan has been named as the new group managing director of Malaysia-listed Technics Oil & Gas.…
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Algoma collects $53.4m refund for cancelled bulk carriers
Canada’s Algoma Central Corporation has received $ 53.4m in refund guarantees for three newbuild orders that it cancelled with Chinese shipyard Nantong…
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What the US presidential election harbours for shipping
With the United States presidential campaign season having started earlier this round and having become more of a circus than…
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Humpuss: ‘In LNG big is no longer attractive. Small is beautiful’
Jakarta: LNG shipping is going through a massive change – the reverse of much of the rest of the industry…
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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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