Sector
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Weekly Bunker: Singapore cash premiums at record highs
Singapore cash premiums are at record highs (September/October hit over $40 and physical premiums are still over $70) so for…
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Maersk puts more funds into Loadsmart
US-based digital freight technology startup Loadsmart has announced they have raised $19m to embark on a major initiative to improve…
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Castor Maritime charters latest acquisition out to Oldendorff
Petros Panagiotidis-led Castor Maritime has completed the acquisition of 2001-built Korean panamax bulker from Diana Shipping for $6.7m, doubling the…
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Epic Gas refinances LPG carrier pair
Singapore-based LPG shipping company Epic Gas has completed the refinancing of 2010-built 7,200 cu m LPG carriers Epic Bali and…
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Valesto awarded jackup contract by Petronas
Malaysia’s Valesto Energy has been awarded a contract by oil major Petronas for 2005-built jackup rig . The contract is…
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China Ocean Industry and Ouhua Shipbuilding settle debt disputes
Financially troubled shipbuilding group China Ocean Industry has entered into an agreement with the administrator of Zhejiang Ouhua Shipbuilding to…
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SR Shipping takes d’Amico supramax
Italian shipowner d’Amico Dry has sold 2008-built supramax bulk carrier . Confirming the sale to Splash, the company said: “We…
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Jens Martin Jensen joins New Fortress Energy as head of shipping
Jens Martin Jensen, formerly John Fredriksen’s right hand man, has joined US-based clean energy company New Fortress Energy. Jensen will…
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Prosafe and Floatel merger raise competition concerns in the UK
The merger between major offshore accommodation operators Prosafe and Floatel is raising competition concerns in the UK. While Norwegian authorities…
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Trump administration branded B-team gangsters as tanker feud with Iran heats up
The past 24 hours have seen a slew of developments in the ongoing tanker tensions between Iran and the west.…
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Euronav leaves door open to ‘second mover advantage’ scrubber investments
Belgian tanker giant Euronav has detailed its ultra large IMO 2020 sulphur cap plans today, and, under new management, gave…
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RightShip comes under scrubber pressure
The Environmental Protection Alliance (EPA) has written an open letter to the CEO of RightShip, the world’s leading third party…
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Maersk and Koole Terminals to produce 0.5% sulphur fuel in Rotterdam
Maersk Oil Trading and Koole Terminals today announced the signing of an agreement to produce IMO 2020-compliant bunker fuel, putting…
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Weekly Broker: High expectations for Q4
The dry bulk S&P market has again seen a generous number of ships changing hands in the past week, reflecting…
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Cosco PetroChina Shipping secures oil shipping contract with Hengli Petrochemical
Cosco PetroChina Shipping, a joint venture between Cosco and PetroChina, has entered into an agreement with Dalian-based Hengli Petrochemical for…
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GasLog seals Panama FSU charter
Monaco-headquartered GasLog has sealed a ten-year time charter with Sinolam LNG Terminal for the provision of a LNG floating storage…
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Northern Offshore scores four-year jackup deal in the Middle East
Texas-based offshore driller Northern Offshore has been awarded a contract in the Middle East for 2017-built jackup rig Energy Emerger.…
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Yangzijiang clinches orders for five bulkers
Singapore-listed Chinese shipyard Yangzijiang Shipbuilding has secured newbuilding orders for the construction of five bulk carriers, made up of two…
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Shanghai Shipping Exchange and CargoSmart partner to launch carrier reliability index
Shanghai Shipping Exchange has formed a partnership with shipping management software provider CargoSmart to develop a new shipping index for…
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Petrofac awarded North Sea contract extension by Repsol Sinopec
Petrofac has been awarded a major contract extension by Sinopec Resources UK to support the company’s North Sea operations. Petrofac…
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