Sector
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Shanghai Bestway secures windfarm jackup platform contract
Shanghai Bestway Marine Engineering Design has announced that its subsidiary yard Dajin Heavy Industry has partnered up with Wuhan Marine…
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Ocean Yield records $130m impairments for FPSO and OCV
Norwegian owner Ocean Yield expects to record impiarments of $130m in total for an FPSO and an offshore construction vessel…
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Records tumble for box spot rates across the world
The remarkable bull-run seen in container spot rates is creating records across the seven seas, and spooking regulators. Analysts at…
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Chinese authorities move to regulate transpacific pricing
Chinese transport authorities have intervened to regulate the record container freight rate surge seen on the transpacific. According to market…
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A practical way to deal with the shameful maltreatment of 600,000 people
We can’t go on like this. We all know it. The frequency of silly little accidents that pop up in…
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Operation to find Gulf Livestock 1’s VDR on the cards
New Zealand’s minister of foreign affairs, Winston Peters, has backed calls to mount an operation to retrieve the voyage data…
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PIL’s owned box fleet ducks below 80 with latest trio of sales
Under pressure Pacific International Lines (PIL) from Singapore continues to divest itself of tonnage to help pay bills. The SS…
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Burnt New Diamond VLCC patched up
The hole in one of the bunker compartments of the burnt out VLCC has been plugged, a deballasting operation concluded,…
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Maersk Etienne crisis ends
A 38-day standoff onboard Maersk Tankers vessel has ended for 27 refugees, who transferred to charity rescue ship Mare Jonio…
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Premuda adds to fleet, seals new charter with Petrobras
Genoa-based Premuda has had a busy week bringing in one vessel and chartering out another. The company’s chief executive officer…
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Busy Berge Bulk adds a cape
Busy Berge Bulk is making the most of all the Japanese owned tonnage coming to the market in recent weeks…
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Giant MSC boxship takes out crane at Valencia
A crane operator was injured yesterday when part of the arm of a crane fell into the waters of the…
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TS Lines orders up to four boxships at Huangpu Wenchong
Taiwanese feeder boxship operator TS Lines has entered into shipbuilding contracts with Huangpu Wenchong Shipbuilding for the construction of up…
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Cosco secures manganese ore shipping project with Jiangsu Sunshine
China Cosco Shipping Group has entered into a strategic collaboration agreement with multi-sector conglomerate Jiangsu Sunshine Group for a manganese…
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Siem Offshore PSV pair awarded long-term contracts by Total in Brazil
Norway’s Siem Offshore has been awarded a two-year contract, with two one-year options, by Total E&P do Brazil for two…
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Hunter Group buys back VLCC from SFL
Arne Fredly’s Oslo-listed pure-play VLCC company Hunter Group has declared its call option for 2019-built VLCC Hunter Laga under the…
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Hangtong Shipbuilding partners with SinoOcean for offshore asset disposal
Chinese offshore yard Hangtong Shipbuilding has inked an agreement with SinoOcean for the management of its idle offshore assets. The yard…
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Shanghai Bestway restructuring approved by court
Shanghai Bestway Marine Engineering Design has announced that its restructuring plan has been approved by a local court. In June,…
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MISC and Zhejiang Satellite Petrochemical finalises VLEC deal
Zhejiang Satellite Petrochemical has announced that it has finalised a deal to transfer the ownership of six 98,000 cu m…
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Shelf Drilling terminates bareboat charter agreements with China Merchants
Dubai-based Shelf Drilling has announced that it has terminated agreements with an affiliate of China Merchants & Great Wall Ocean Strategy…
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