Sector
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BW makes surprise bulk play with Bonfils appointment
Christian Bonfils will join BW Group from April 1 as the new head of BW Dry Cargo, which is looking to…
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Island Offshore bondholders approve restructuring
Island Offshore’s bondholders have approved the Oslo-listed company’s restructuring plans. Some 96.34% of the voting bonds represented at a meeting…
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D’Amico International Shipping seals new $250m credit facility
D’Amico International Shipping has just announced that its Ireland-based operating subsidiary d’Amico Tankers Limited has secured a new $250m term…
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Golden Ocean raises a feeble $7.8m as new equity offering falls flat
The results of Golden Ocean’s offering of new equity on the Oslo Børs are in: the firm raised just $7.8m…
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Tidewater draws down $600m
NYSE-listed Tidewater has drawn down the maximum $600m from its revolving credit facility, which it says will be used “to…
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Maritime CEO Forum: ‘Dry bulk charterers living in a fool’s paradise’
The dry bulk session at yesterday’s Maritime CEO Forum took charterers to task for seeking ever-cheaper rates and thus endangering…
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Yangzijiang hands Rongsheng a lifeline
Shipowners desperate to see sizeable Chinese yard space shuttered to help the supply/demand equilibrium will be disappointed with news from…
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Too much oil and not enough ships
Erik Broekhuizen from Poten & Partners charts how tankers got into such a sweet spot. Unlike many of the other…
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COSCOCS starts merger of domestic box shipping units
China Cosco Shipping Corporation (COSCOCS), the new shipping conglomerate made up of Cosco Group and China Shipping Group, has started…
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GulfMark reaches settlement with BAE Systems
NYSE-listed GulfMark Offshore has announced that it has reached a settlement with a US shipyard, which is believed to be…
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Uljanik wins Cobelfret roro pair
Croatian shipbuilder Uljanik has signed a contract with Luxembourg-based company Cobelfret for the construction of two roro vessels. The delivery…
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Transport leaders sign up to fight illegal wildlife trafficking
The signing of a new declaration at Buckingham Palace yesterday committing the leaders of the global transportation industry to major…
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US government changes tack, decides against offshore drilling in Atlantic
The US government on Tuesday announced an about face in its oil drilling plans, saying it will not now be…
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Maersk Broker buys 75% stake in Lanic
Maersk Broker has bought a majority stake in Danish shipbroking shop Lanic from the company’s current owner and managing director…
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General cargo vessel catches fire off Ningbo
A Cambodia flagged general cargo vessel caught fire near Ningbo in China yesterday afternoon while en route from Yokohama in…
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Brave Maritime fixes two capes, Winning Shipping buys two
Today brought a glimmer of interest to the otherwise dull capesize bulk carrier market: Brave Maritime has fixed two capes…
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Tote seeks extension to legal proceedings as it continues mediation with El Faro victims’ families
The owner-operator firms of sunken cargo ship El Faro have asked for a further extension to the legal proceedings with…
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Harkand to supply Maersk Oil with subsea services in the North Sea
Maersk Oil North Sea UK has awarded Harkand with a “multi-million-pound” contract to provide subsea support services for the operator,…
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Songa Offshore mulls $150m comprehensive refinancing
Norway’s Songa Offshore is to issue a $100m subordinated convertible bond, with an option to increase its value to $125m,…
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Su takes BHP Billiton to court for creating a ‘false and misleading’ iron ore market
Nobu Su, the embattled Taiwanese tycoon, is determined to take on some of the biggest names in the corporate world.…
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