Sector
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Statoil adds to Uruguay assets
Statoil is not hanging around cementing its position in Uruguay. The Norwegian oil firm agreed on February 1 with Total…
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Additional equity or bust? Bulk Invest’s last throw of the dice
Bulk Invest, the shorn off owning division of what used to be known as Western Bulk, has sent a written…
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‘Death ship’ inquest reopens as gun-toting ex-master returns to Australia
The inquest into mysterious deaths onboard the bulk carrier reopened in Sydney today, just as the chief suspect reentered Australian…
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Seafarer drowns as product tanker sinks in Indonesian waters
One seafarer drowned while another 26 were evacuated when the product tanker Nusantra Akbar sank on Saturday night in Indonesian waters…
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Bird breeding ground obstacle to Hamburg’s port ambitions
68 gull-billed terns, discernible by their black, gull-like bills, could make or break the future of the port of Hamburg.…
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Brokerage sale a boost for Hyundai Merchant Marine
In good news for struggling Hyundai Merchant Marine (HMM), it looks like a sister company will be sold to raise…
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Tanker arrested in Libya, accused of smuggling fuel
An elderly bunkering tanker was arrested and held by the Libyan Coast Guard on Saturday, suspected of smuggling fuel. 12…
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Irish vessel apprehended over military shipment bound for Yemen
An Irish research vessel, flagged with the Marshall Islands, has been apprehended by Arab Coalition forces. The , en route…
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Bhagwan Marine to send vessels to Russia with Foss
Australian offshore vessel operator Bhagwan Marine has announced that it has been awarded a multi-year, multi-vessel contract to provide marine…
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State-run bank takes over India’s Karaikal port
State-run Indian Bank has taken control of the port of Karaikal after Marg, its developer, failed to pay back loans.…
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Ausgroup head leaves after just nine month in the role
SGX-listed Australian oil & gas construction, maintenance and fabrication firm AusGroup, has announced that Gerard Hutchinson has resigned from his…
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APL Vanda latest mega containership to run aground
NOL’s 14,000 teu containership has run aground at Bramble Bank, off Cowes, while headed to Southampton from France’s Le Havre…
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Pacific NorthWest LNG terminal passes environmental test
Supporters of the Pacific NorthWest liquefied natural gas (LNG) terminal project in British Columbia were encouraged by a report from…
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Paragon Offshore set to declare Chapter 11 bankruptcy
Heavily indebted rig operator Paragon Offshore will file for Chapter 11 bankruptcy this weekend. The Houston-based company announced it has…
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Shipbreaking NGOs blast ‘hypocritical’ Maersk
Campaigners NGO Shipbreaking Platform and Transport and Environment (T&E) have criticised the Maersk Group’s plans to demolish its old vessels…
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Havila Shipping adjusts restructuring offer
Oslo-listed Havila Shipping has revised the terms of its restructuring agreement made a new offer to repurchase its securities from…
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Cryo Gas Med LPG carrier pair sold at auction
Two ships previously owned by Genoa-based Cryo Gas Med shipping company has just been sold at auction. Shipbroking sources tell Splash…
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Panamaxes help Baltic Dry Index end its record-breaking rout
The Baltic Dry Index (BDI) today advanced by 1 point to reach 291 points, the first time the index has…
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Premier and Rockhopper cancel Falklands contract with Ocean Rig
Two of the major British players in Falkland Islands offshore oil development, Premier Oil and Rockhopper Exploration, on Thursday cancelled…
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Lockton takes over Italian P&I broker specialist PL Ferrari
US-headquartered Lockton, the world’s largest privately owned global insurance broker, has officially announced the takeover of PL Ferrari & Co,…
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