Sector
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Shipping braces for extended factory closures in coronavirus-hit China
The global shipping industry is watching closely for any official announcement from Beijing on whether the Lunar New Year holidays…
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Ammonia’s advantages detailed in new report
A 33-page report from class society Korean Register (KR) has highlighted the advantages of ammonia as a ship fuel, the…
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80% of the VLOC orderbook now controlled by Chinese leasing companies
Four out of every five very large ore carriers (VLOCs) on order are controlled by Chinese leasing companies, data from…
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CSSC Shipping raising $800m to grow leasing business
CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation (CSSC), has announced a plan to issue two bonds…
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Knutsen NYK Offshore Tankers orders aframax pair at DSME
Knutsen NYK Offshore Tankers (KNOT) has entered into shipbuilding contracts with South Korean shipyard DSME for the construction of two…
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Top Ships confirms tanker sales
Greek tanker owner Top Ships has announced the sale of two MR2 product tanker Stenaweco Elegance and Eco Palm Desert…
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Saipem awarded EPCI contracts worth over $500m
Italian offshore contractor Saipem has been awarded several EPCI contracts worth over $500m. Saudi Arabia’s Saudi Aramco has awarded Saipem…
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Noble Corporation secures new contracts
Offshore driller Noble Corporation has been awarded new contracts and extensions for two of its drilling rigs, according to the…
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APM Terminals unveils $250m port development in Georgia
Port operator APM Terminals has presented its plans for the development of a deepwater port at Poti to the government…
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Is Kenya’s Mombasa Port another victim of China’s debt diplomacy?
The crescendo around claims that the Belt Road Initiative (BRI) is nothing more than Chinese debt diplomacy to secure strategic…
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Dutch multinationals demand more transparent CO2 reporting per container
On the back of successful biofuel trials onboard the 18,000 teu from Rotterdam to Shanghai last year, the Danish carrier…
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Chartering 2.0
Will 2020 be the year Big Data changes the day-to-day business of chartering? The industry is not 100% convinced. Jason…
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IMO’s point man on air pollution steps down
One of the men most closely associated with shipping’s changing green regulatory scene over the past decade has moved onto…
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South Korea allocates $693m for domestic owners to modernise fleet
South Korea’s Financial Services Commission has announced that it would allocate KRW820bn ($693m) to help domestic owners to modernise their…
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Weekly Broker: Capes and falling knives
Dry bulk sentiment plunged in dramatic fashion this week. Capesizes saw a 200% drop in rates in a week to…
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Kawasaki Heavy debuts LPG fuel system
LPG as a marine fuel continues to see plenty of design developments with class societies ABS and ClassNK having just…
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SFL offloads its oldest VLCC
John Fredriksen’s SFL Corporation has announced the sale and delivery of 2002-built VLCC . The sale, to an unrelated third…
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AET suezmax shuttle tanker trio chartered by Petrobras
MISC’s AET has been awarded long-term charter contracts by Brazil’s Petrobras for three suezmax class dynamic positioning shuttle tankers. The…
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Maersk Drilling drillship extended by Repsol
Maersk Drilling has received an extension from Repsol Exploración Mexico for 2013-built drillship . The drillship was originally contracted in…
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Ezra Holdings files for judicial management
Singapore’s Ezra Holdings, together with its subsidiaries and associated companies, has filed an application in the High Court of the…
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