Sector
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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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Splash TV: Masterbulk chairman on the ‘awful’ markets
Stephen Fordham, chairman of Singapore-based Masterbulk, admits the market is “awful” in today’s latest installment of Splash TV. Fordham, who…
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Jinhui Shipping offloads supramax after giving up on double sale
Hong Kong owners continue to offload vessels this week. Sources tell Splash that Jinhui Shipping & Transportation has just offloaded…
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Statoil exercises two-year options across 17 installations
Statoil has announced that it has exercised options for 17 installations on the Norwegian continental shelf. In 2012 Statoil awarded…
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Olympic OSV wins accommodation contract from Maersk Oil
Oslo-listed Olympic Shipping’s multipurpose field support vessel has won a 100-day contract from Maersk Olie og Gas in which it…
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GC Rieber Shipping secures subsea time charter contract from Nexans
GC Rieber Shipping has announced that it has entered into a time charter agreement with Nexans, a Norwegian manufacturer of…
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Rongcheng Shenfei Shipbuilding completes restructuring
Rongcheng Shenfei Shipbuilding, a major shipyard in Shandong, has completed a restructuring and resumed full operations, while it has also…
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Mercator Lines bulker sold off for $2.93m
Singapore-listed Mercator Lines has announced that its judicial manager has entered into a memorandum of agreement for the sale of…
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Mermaid Maritime secures subsea service contract in Gulf of Thailand
Mermaid Maritime has announced that its subsidiary, Mermaid Subsea Services (Thailand), has secured a subsea ROV services contract, worth around…
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Fred Cheng to move into owning bulk carriers?
Fred Cheng’s Shinyo International has reportedly purchased a capesize on subjects, which could mark the shipowner’s first move into bulk…
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Seadrill ‘in debt talks’ with Houlihan and Morgan Stanley
Seadrill is believed to have hired Houlihan Lokey and Morgan Stanley as advisers during negotiations for its $11bn debt restructuring,…
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New managing director for Thoresen Shipping, Claxton moves to coal subsidiary
Andy Hillier has today become managing director of Thoresen Shipping, the dry bulk shipping arm of Bangkok-listed Thoresen Thai Agencies.…
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Bulk carrier scrapping hit an all-time high in the first quarter 2016
Bulk carrier demolitions reached an all-time high during the first quarter of 2016, both on an absolute basis and as…
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Spartan Offshore Drilling brings $7.8m case over damage to rig in 2014 incident
US firm Spartan Offshore Drilling has sued two other companies – one American, one German – for $7.8m in compensatory…
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Songa Offshore refinances with convertible bond for up to $125m
Songa Offshore is to go ahead with its “comprehensive refinancing” by issuing a convertible bond of between $100m and $125m.…
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RINA and Messina under investigation over irregular certifications
The Italian classification society RINA and Ignazio Messina & C. shipping company are being investigated by the local court in Genoa for…
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Norwegian offshore owners brace for more woe
Norwegian offshore owners expect access to capital to get even tighter in the coming months, according to a report just…
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Nam Cheong willing to take Perdana Petroleum to court over cancelled barge contract
Malaysian offshore firm Nam Cheong has said it will fight a notice of termination/cancellation from Petra Offshore, a wholly-owned subsidiary…
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KC Maritime offloads its two oldest bulkers
Half a decade since Hong Kong’s KC Maritime last reported vessel sale the conservative bulker outfit is proceeding to offload…
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Australian immigration officials grilled over failure to pick up ‘Death Ship’ captain
Australia’s Department of Immigration and Border Protection came in for widespread criticism today at the senate in Canberra for its…
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