Sector
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Frantic efforts to rescue Vizhinjam container terminal
Thiruvananthapuram: Dismayed at the absence of response to the Vizhinjam port and container transhipment project, the Kerala state government has…
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European owners looking to Asia for financing
Hamburg: Asia continues to gain in importance for the European shipping sector. This is the result of a recent survey…
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Singapore’s first War Risks Mutual launched
Singapore: The Standard Club Asia Ltd (Standard Asia) has today announced the launch of its new Singapore War Risks Mutual…
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US vice admiral admits concern over Yemen chaos
Abu Dhabi: A senior US naval officer has vowed international shipping in and around the Gulf will not be harmed…
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Clipper Group CEO resigns from Thorco Shipping board
Copenhagen: CEO and partner of Clipper Group Kristian Mørch has resigned from the board of Denmark’s Thorco Shipping, after a dispute…
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Theodor Buschmann: African expansion
Hamburg: A German shipyard is expanding overseas, establishing subsidiaries in Africa and the Mediterranean and looking for more international possibilities.…
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Standard supervision contract looks like a job for SUPERMAN
Copenhagen: Shipmanagement executives with input from key insurance and legal representatives are developing a new standard supervision contract for newbuildings and conversions. The…
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Swire Bulk Logistics forms New Zealand partnership
Singapore: Swire Bulk Logistics, the industrial shipping division of China Navigation Company, has formed a partnership with New Zealand’s Golden…
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Skaugen delays bond payment
Oslo: Oslo listed I.M Skaugen, who operates a fleet of small and medium-sized LPG carriers, says that holders of its IMSK12…
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Baosource orders two
Dalian: Korean shipbuilding news site, Asiasis, reports that Baosource Shipping, a Shanghai firm, has ordered a pair of small bulkers.…
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Wisdom back in Japan for another bulker
Taipei: Fast expanding dry bulk operator Wisdom Marine is spending $22m on another Japanese bulker. The Taiwanese line has opted…
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Rehobot found almost one month after pirate strike
Manila: After more than three weeks the tanker Rehobot has been found in Philippine waters. The Indonesian-flagged chemical tanker was…
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Philippines cabotage changes pass first test
Manila: The Philippines senate has approved a bill which allows foreign vessels to call at multiple ports, provided the cargo…
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Farstad charters newbuild subsea vessel to Technip
Oslo: Farstad Shipping ASA has said that it has signed a letter of intent with Technip, who will charter subsea…
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Bulker scrapping increases with poor dry cargo market
London: Demolitions of dry cargo vessels have increased again this month, and the average age of bulkers being scrapped has…
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New Yanbu refinery will boost product tanker trade, shipbroker says
London: Both clean and dirty tankers are set to benefit from the boost in refined products exports from the new…
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Prime Tanker Management buys two LR1s from Scorpio Tankers
Athens: Greece’s Prime Tanker Management has been revealed as the buyer of two LR1 product tankers from New York-listed Scorpio Tankers.…
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Economou increases Tankships IPO target to $150m
Athens: George Economou-led Tankships Investment Holdings says it aims to raise $150m in its initial public offering (IPO), $50m more…
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No bidders for Vizhinjam container transhipment terminal
Thiruvananthapuram: No bids have been received by Vizhinjam International Seaport Ltd (VISL) for the port and a 600,000 teu capacity…
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New Delhi pledges $160bn investments in shipping and highways
New Delhi: Surface transport and shipping minister Nitin Gadkari has said that the Indian government will invest INR5trn ($80bn) each…
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