Sector
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China posts record drop in steel output
Another record drop in Chinese steel output has spooked many in dry bulk. China’s National Bureau of Statistics has issued…
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Case made for ports to receive cash from any shipping decarbonisation fund
Ports ought to be getting a sizeable chunk of any decarbonisation fund in the offing, a new submission to the…
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Demise of LIBOR creates uncertainty
Dagfinn Lunde on what owners ought to expect when it comes to paying interest on their loans. What an amazing…
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ZIM opts to buy rather than charter for latest expansion
Illustrative of the sky high charter rates being banded around at the moment, Israeli carrier ZIM has opted to buy…
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Samsung Heavy celebrates massive $1.7bn order with delivery dates pushed back to 2027
The busy docks at Samsung Heavy Industries have just got a sizeable extra chunk of business with delivery dates an…
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Empire Chemical Tankers in for up to six tankers at Hyundai Vinashin
Empire Chemical Tankers from Greece has ordered four firm MR tankers at Hyundai Vinashin in Vietnam. The contract comes with…
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Barbara Melvin to head South Carolina Ports as Jim Newsome retires
Jim Newsome, president and CEO of the South Carolina Ports Authority (SCPA), announced during a state of the port address…
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Subsea 7 wins Petrobras charter for three pipelay support vessels
Subsea 7 has won new long-term contracts from Brazil’s Petrobras worth between $500m and $750m for the pipelay support vessels…
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Fredriksen terminates another drillship deal with DSME
John Fredriksen’s Northern Drilling has cancelled another resale contract with Daewoo Shipbuilding & Marine Engineering (DSME), this time for the…
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Iberdrola to invest more than $8bn in UK offshore wind farm project
Spanish electric utility company Iberdrola has confirmed it will invest £6bn ($8.27bn) in the East Anglia Hub in the southern…
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Kim Heng secures wind farm installation contract in Vietnam
Singapore offshore vessel operator Kim Heng is diversifying into the renewable energy support sector with the latest contract award to…
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Pelagic Partners enters the product segment
Cypriot alternative investment fund Pelagic Partners has moved into the product tanker sector to go alongside its existing investments in…
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Gunvor books four Celsius LNG newbuilds
Swiss-based commodity trading giant Gunvor, through its subsidiary Clearlake Shipping, has sealed a deal to charter four newbuild LNG carriers…
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Marlow Navigation and Clearwater in tanker management tie-up
Marlow Navigation of Cyprus and Dutch-based Clearwater Ship Management have joined forces, intensifying and expanding their cooperation in management services…
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TechnipFMC and Talos Energy enter alliance to provide carbon capture and storage on US Gulf Coast
TechnipFMC and Talos Energy, an independent exploration and production company with upstream and downstream operations in the US and offshore…
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David Palmer joins GEV as founder and chairman Maurice Brand retires
Australian developer of compressed shipping solutions Global Energy Ventures (GEV) has appointed David Palmer as an independent non-executive director and…
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Ocean Yield and Navig8 sell LR2 duo
Navig8 has exercised an option to sell the 2018-built 110,600 dwt LR2 tankers Navig8 Pride and Navig8 Providence, currently on…
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Klaveness Combination Carriers offloads its oldest ship
Norwegian owner Klaveness Combination Carriers (KCC) has sold its oldest vessel as it starts preparing for a renewal of its…
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Edda Accommodation seals Chevron contract in Australia
Norwegian floatel contractor Edda Accommodation has been awarded a new contract by Chevron for the 2011-built in Australia. The world’s…
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Mermaid takes 50% in Mubarak Marine CSV
Thailand’s Mermaid Subsea Services, a subsidiary of Mermaid Maritime, has struck a deal with PT David Marine, an affiliate of…
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