Sector
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New owner starts restructuring of JES
Victor International, the new owner of Chinese shipyard JES, has started a restructuring of the shipyard according to a letter…
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Mixed fortunes for aframaxes
With sentiment weakening towards aframaxes it has been a mixed bag of fortune for owners in the sector of later.…
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New head for Cargill ocean transportation
Cargill has announced that Jan Dieleman has taken over the leadership of the group’s ocean transportation business from Roger Janson,…
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Pharung Shipyard grabs more chemical tankers
Korean firm BS Shipping has ordered two 6,500 dwt IMO-II chemical tankers at Vietnam’s Pharung Shipyard. The vessels will deliver…
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Philippines impounds North Korean ship
The Philippine Coast Guard impounded the North Korean ship Jin Teng on Saturday after the Department of Foreign Affairs (DFA)…
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Lula vows to fight Petrobras-linked bribe allegations
Former president of Brazil, Luiz Inacio Lula da Silva, on Friday pledged to fight allegations that he received bribes from…
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EIA report cautions US LNG export enthusiasts to pump the brakes
The much-touted coming boom in liquefied natural gas (LNG) exports from the US may not be quite so spectacular the…
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USCG closes section of Mississippi River to clean up fuel spill
US Coast Guard (USCG) closed a section of the Mississippi River near to Granite City, Illinois, for several hours while…
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Bumi Armada to initiate legal proceedings against Woodside over FPSO termination
Malaysia’s Bumi Armada Berhad has announced that its wholly-owned subsidiary, Armada Balnaves, has received notice from Woodside Energy Julimar terminating…
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World Wide Supply suffers another hit in Brazil
World Wide Supply is now in deep trouble with all of its ships soon out of work. The Oslo-listed OSV…
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Former Brazil president Lula arrested in Petrobras-related probe
Brazilian police in the early hours of Friday morning raided the home of former national president Luiz Inazio Lula da…
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SAL Heavy Lift secures contract from Offshore Windforce
SAL Heavy Lift has signed a contract with Dutch firm Offshore WindForce, a joint venture between Boskalis and Volker Stevin…
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Coastal Contracts files $5.65m claim against CIMC Raffles Offshore
Coastal Contracts’ subsidiary Thaumas Marine (TM) has filed a statement of claim for $5.65m against Yantai CIMC Raffles Offshore and…
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Carriers ditching canal transits to save costs and soak up capacity
Carriers are ditching canal transits on backhaul trips from the US East Coast (USEC) to Asia and North Europe to…
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Petrobras books Union Maritime duo
London-based Union Maritime has fixed two MR2 product tankers to Petrobras on period charters, brokers tell Splash. Portman (47,400 dwt,…
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Hyundai Group chair quits HMM role as shares take another massive hit
Shares in beleaguered Hyundai Merchant Marine (HMM) plunged 21% in Seoul today on news that the line will push for…
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The worst dry bulk market since the Vikings? Golden Ocean boss warns on bankruptcies
With sources close to John Fredriksen telling Splash he’s gearing up for a dry bulk binge, his right hand man…
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CMA CGM changes transpacific trades with mega boxship redeployment
Having trialled out a mega boxship across the Pacific in the past three months, the French line CMA CGM is…
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Korean shipbuilding orderbook slides to 10-year low
The order backlog at South Korean shipyards has fallen to its lowest level in 10 years, according to data from…
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Splash turns one: ‘A year that proved shipping investors can’t take anything for granted’
Many friends questioned my colleague Grant Rowles and I when we set about launching a global shipping news site. Last…
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