Sector
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Valaris suffers cancellation of two drilling units in Angola
Offshore driller Valaris has received termination notices for one of its drillships and a jackup rig, and anticipates more contract…
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Höegh LNG upsizes FSRU debt facility and seals new LNG carrier charter
Höegh LNG Holdings has announced that it has received a commitment letter from five of the company’s relationship banks, upsizing…
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Chinese court to auction off last Remi Maritime vessel
Qingdao Maritime Court will hold an auction to sell the 2008-built 57,000 dwt supramax bulker via online platform Taobao on…
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South African mines shut down as nation starts three-week lockdown
Dry bulk operators in particular are facing an ever longer list of port restrictions that will impact voyages. Splash has…
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Indian ports declare force majeure
Several major Indian ports, including those operated by Adani Ports, the country’s largest private port operator, have declared force majeure…
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Woes mount for PIL’s Teo as Singamas swings to a loss
The red ink keeps flowing at businesses linked to Singaporean SS Teo, the boss of troubled Pacific International Lines (PIL),…
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Wallenius Wilhelmsen reduces workforce in US and Mexico by 2,500
Norwegian roro shipowner Wallenius Wilhelmsen has announced that it has started temporary layoffs of about 2,500 production workers in the…
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CMA CGM takes priority boarding concept global
French liner CMA CGM is upping its capabilities when it comes to the concept of priority boarding for boxes. The…
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Weekly Broker: Lethargy a symptom of the virus
Deals for secondhand tonnage are drying up quicker than people’s throats. There’s the logistics of sealing a deal first up…
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Concord Maritime: ‘Tanker owners usually wind up with the people they know and trust’
December saw tanker commercial management firm Concord Maritime, launched in April 2018 by Ben Ognibene, move into shipowning with the…
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3 Maj to complete unfinished tanker for Marflet Marine
Spanish tanker operator Marflet Marine has entered into an agreement with 3 Maj, a subsidiary yard of financially troubled Croatian…
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DEME and Penta-Ocean Construction partner up for Japanese wind farm projects
Belgian offshore marine engineering company DEME and Japanese marine contractor Penta-Ocean Construction have entered into a memorandum of understanding (MOU)…
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Panama Canal takes measures to ensure waterway remains open
The Panama Canal Authority has announced that it has adopted new measures to guarantee operations and prevent the further spread…
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Australia expands search for containers lost from YM Efficiency
The Australian Maritime Safety Authority has entered into a contract with local marine services company Subsea to conduct an additional…
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Wärtsilä commences testing for ammonia as a ship fuel
Finnish marine technology group Wärtsilä has initiated combustion trials using ammonia to help the company prepare for the use of…
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EU extends consortia block exemption regulation through to 2024
Container shipping companies are celebrating news that they will continue to be exempt from antitrust rules against anti-competitive agreements for…
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Simeon Palios tests positive for coronavirus
Simeon Palios, the chairman and CEO of both Diana Shipping and Performance Shipping, has tested positive for coronavirus. In an…
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Three American carriers seek emergency tie-up
Three American lines are seeking an emergency tie-up to cope with the supply chain fallout brought about by the spread…
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HMM pays $25m into emergency fund ahead of joining THE Alliance next week
South Korean flagship HMM has deposited $25m into THE Alliance’s contingency fund ahead of its April 1 joining of the…
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China Merchants Financial Leasing orders ultramax pair for Wah Kwong charter
China Merchants Bank Financial Leasing (CMBFL) has placed an order at Dalian COSCO KHI Ship Engineering (DACKS) for the construction…
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