Sector
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Kühne ups stake in Hapag-Lloyd
Klaus-Michael Kühne has increased his stake in container shipping company Hapag-Lloyd to 30% as planned. “Kuehne Holding AG’s commitment is…
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Vitol enters Singapore bunkering market with Sinanju Tankers takeover
Energy and commodities giant Vitol has entered into the Singapore ship bunkering market with the takeover of local outfit Sinanju…
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BoComm Leasing orders VLOC quartet for Vale charter
Chinese leasing house Bank of Communications Financial Leasing (BoComm Leasing) has placed an order at Qingdao Beihai Shipbuilding for the…
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Transmed adds VLCCs
With VLCC rates enjoying extraordinary strength over the past month, interest in secondhand tonnage is also strong. Brokers are seeing…
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ITF launches $1.2m fund to support seafarers impacted by coronavirus
The ITF Seafarers’ Trust (ITFST) has launched a GBP1m ($1.24m) emergency fund to address the impact of the global pandemic…
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Siem Offshore granted payment deferral by lenders
Norwegian OSV operator Siem Offshore has entered into an agreement with the group’s secured lenders to provide time to secure…
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Solstad Offshore to offload 37 vessels as part of financial restructuring
Solstad Offshore, the Norwegian offshore vessel owning giant formed by the merger of Solstad Offshore, Deep Sea Supply and Farstad,…
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Diana Shipping kamsarmax charter extended by Cargill
Greek dry bulk shipowner Diana Shipping has entered into a time charter contract with Cargill International for 2013-built kamsarmax bulker…
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Another Dutch owner signs up for wind technology
Netherlands-based eConowind and Boomsma Shipping have announced their collaboration with eConowind contracted to install two of their wind-assist VentiFoil units…
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Silver Eagle Global to build a series of jackup vessels
Bahrain-based Silver Eagle Global, part of Saudi Arabian oil and gas service company Rawabi Holding, has entered into an agreement…
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European and American ports ready for box congestion
Container ports across the world aside from China are set to face imminent congestion as a swathe of boxes sent…
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Spanish authorities handling coronavirus case onboard CMA CGM vessel
Spanish authorities are testing the crew onboard the 16,020 teu after one crewmember came down with symptoms linked to coronavirus…
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Hong Kong makes crew change allowances
Developments are happening fast in relation to crew repatriation during the coronavirus outbreak. The UK has designated seafarers as key…
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Grieg Star: ‘Start with the value proposition first, not the solution’
On July 1 last year Matt Duke took over from Camilla Grieg as CEO of Grieg Star, one of the…
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AVIC Trust applies to restructure Antong Holdings
Antong Holdings, a major domestic container shipping operator in China, has announced that creditor AVIC Trust has applied in court…
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Asahi Tanker to build world’s first zero-emissions electric bunker tankers
Japanese owner Asahi Tanker has announced a plan to build the world’s first two zero-emissions electric bunker tankers. The vessels…
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Supramaxes struggle to sell
Supramaxes used to be among the easiest ships to sell on the secondhand market. No longer. Take for example the…
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Tufton Oceanic takes Interorient handy bulker
London-listed Tufton Oceanic has acquired the 2012-built 33,500 dwt handy bulker from Cypriot owner Interorient Shipmanagement. According to shipbroking sources,…
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McDermott awarded Trion FPU contract by BHP
Houston-headquartered McDermott International has been awarded a contract by BHP in Mexico to provide pre-front-end engineering design (pre-FEED) services for…
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Abu Sayyaf team heads towards Malaysia on the hunt for kidnap targets
The International Maritime Bureau (IMB) Piracy Reporting Centre has been alerted by Malaysian intelligence that an Abu Sayyaf kidnap for…
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