Sector
-
Borr Drilling secures work for three warm stacked rigs
Offshore driller Borr Drilling has entered into new contracts and letters of intent for three of its currently warm stacked…
Read More » -
Noble Corporation files for Chapter 11 as part of restructuring
Offshore driller Noble Corporation has sealed a restructuring support agreement with two groups of its largest holders of outstanding bond…
Read More » -
Misuga Kaiun fined for cover up of oily water discharge
Japanese shipping company Misuga Kaiun was fined by a federal court in the US for activities violating the Act to…
Read More » -
OHT awarded wind farm heavy lift transportation contract
Heavy lift shipping specialist OHT has secured a contract for the transport and installation of foundations for the first phase…
Read More » -
Capital Product Partners secures new charter contracts
Greek owner Capital Product Partners has recently secures new contracts and extensions for five vessels in its fleet. The partnership…
Read More » -
Polarcus awarded 3D project
Dubai-based seismic service provider Polarcus has secured a letter of intent for 3D seismic data acquisition services in Asia Pacific.…
Read More » -
Liners wary as rates come under pressure with tonnage being reintroduced fast
The inactive containership fleet fell to 313 ships – equivalent to around 1,555,959 teu as of 20 July, representing 6.6%…
Read More » -
Xihe Group puts new management in place
Singapore-based tanker owner Xihe Group has put a new leadership team in charge as part of an agreement with banks…
Read More » -
Shipowning: A sunny place for shady people
“A sunny place for shady people”. That was how the English novelist Somerset Maugham brilliantly summed up the principality of…
Read More » -
Mitsui E&S and Tsuneishi to join forces
Another Japanese shipbuilding tie-up is on the cards. Local business newswire Nikkei reports that Mitsui E&S Holdings is in talks…
Read More » -
Adnoc Wanhua joint venture orders VLGC trio at Jiangnan Shipyard
AW Shipping, a shipping joint venture set up by UAE’s Abu Dhabi National Oil Company (Adnoc) and China’s Wanhua Chemical, has…
Read More » -
Miyazaki Sangyo Kaiun sells newcastlemax to Seacon
Japan’s Miyazaki Sangyo Kaiun has let go of one third of its cape arm, pocketing $14.9 m on the sale…
Read More » -
Jiangsu Financial Leasing and Zhejiang Shipping Exchange form ship financing partnership
Jiangsu Financial Leasing and Zhejiang Shipping Exchange have entered into a partnership agreement to collaborate on ship financing. The two…
Read More » -
Cosco inks bauxite shipping agreement with SPIC Aluminum
Cosco Shipping Bulk, the bulk shipping unit of Cosco Shipping Group, has entered into framework agreement with state-run SPIC Aluminum…
Read More » -
Australia bans Chinese bulker for underpaying crew
The Australian Maritime Safety Authority (AMSA) has banned the 2010-built 93,200 dwt post panamax bulker from Australian ports for 12…
Read More » -
Zhuhai Port moves to acquire Xinghua Port
China’s Zhuhai Port has announced that it has proposed an offer to all the shareholder of Hong Kong-listed river port…
Read More » -
Van Oord awarded Hollandse Kust offshore wind farm contract
Dutch offshore wind and dredging specialist Van Oord has been awarded a contract by CrossWind, a joint venture between Shell…
Read More » -
Cambiaso Risso takes over Greek P&I broker Fender
Italian insurance broker Cambiaso Risso has announced the takeover of Fender SA, a boutique marine insurance broker in which the…
Read More » -
Boxship orderbook-to-fleet ratio ducks below 10% for the first time this century
The global containership orderbook, seen as a percentage of the world fleet, has dropped to its lowest level in more…
Read More » -
Seafarers survey highlights growing mental health crisis at sea
The latest Seafarers Happiness Index, published yesterday by The Mission to Seafarers, has revealed the ongoing impact of Covid-19 on…
Read More »