Sector
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Gruppo Messina: Specialisation shield
Genoa: Market and geographic specialisation is helping Gruppo Messina of Italy to defend its market share on the trades between…
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Subsea 7 lands major contract in Egypt from BP
Subsea 7 has been awarded a major contract by BP and its partner Deutsche Erdoel for the development of the…
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Scorpio Bulkers denies $720m Angelicoussis bid for its entire fleet
Officials at Scorpio Bulkers have strenuously denied that the company is looking to sell out all its remaining ships to…
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Creditors take legal action to halt sale of Western Bulk Chartering
The future of the Norwegian company formerly known as Western Bulk is in further danger. Now rebranded as Bulk Invest,…
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MOL restructures dry bulk business
Mitsui OSK Lines has taken action to try and hemorrhage losses stemming from its huge exposure to the depressed dry…
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HMM merger talk with Hanjin reignites
The pressure on South Korea’s Hyundai Merchant Marine continues to mount with shipping consultant Drewry downgrading the line this week…
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Gestioni Armatoriali at war with Deutsche Bank
Gestioni Armatoriali of Italy is staging a bitter war against Deutsche Bank since the German lender has become one of…
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Law firm apologises for labelling Siva Shipping insolvent
Law firm Rajah & Tann has apologised for suggesting Singapore’s Siva Shipping was insolvent. As originally reported by Splash three…
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Singapore Exchange bids for the Baltic Exchange
Cementing its place as the world’s most vibrant shipping hub, Singapore has moved to take over one of the industry’s…
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Dayang Shipbuilding to lay off 600 employees
Yangzhou Dayang Shipbuilding, an affiliate shipyard of Sinopacific Shipbuilding, is currently working on a restructuring plan. According to minutes from…
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Rena to remain on NZ reef
Nearly four and a half years since it ran aground in New Zealand, authorities today finally decided what to with…
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CNOOC opens tendering for 18 offshore blocks
China National Offshore Oil Corporation (CNOOC) has announced that it has opened tendering for 18 offshore blocks covering an area…
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Britannia and UK P&I Clubs in merger discussions
The boards of the Britannia Club and the UK P&I Club, two of the oldest P&I clubs in the world,…
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Vafias says low oil prices harming LPG trades
2016 is unlikely to see much change in rates for smaller LPG carriers, says one of the sector’s leading names…
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Brazil’s Senate passes bill removing Subsalt Polygon obligations from Petrobras
Brazil’s Senate has passed a bill that removes an onerous financial commitment from state oil firm Petrobras and may help…
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UASC boxship set to break records at Genoa
Voltri Terminal Europa container terminal is ready to receive and accommodate the Al Dhail, a boxship that will break every…
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Japanese shipowners blast ‘unfair’ Western Bulk Chartering sell-off
Six unnamed Japanese shipowners say Kistefos’ acquisition of Western Bulk Chartering (WBC) should be reversed because the company was undervalued…
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EA Technique gets contract of affreightment
Malaysia’s EA Technique has won a RM39m ($9.3m) contract of affreightment (COA) to carry chemicals and clean petroleum products for…
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Scorpio Tankers sells five MRs to Bahri
NYSE-listed Scorpio Tankers is to sell five MR product tankers to the National Shipping Company of Saudi Arabia (Bahri) for…
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Asia Vision leaves Sabine Pass with landmark LNG export cargo
Liquefied natural gas (LNG) tanker the departed from Sabine Pass terminal in Louisiana on Wednesday night carrying the first export…
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