Sector
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Maersk Drilling jackup extended by Wintershall
Maersk Drilling jackup rig has had an option exercised by Wintershall Noordzee for one additional well. The one-well extension, at…
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Belships expands fleet to 22 vessels
Norwegian dry bulk outfit Belships has added two ultramax bulkers to its fleet, having agreed seven-year bareboat charters for a…
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Nur Allya search teams race to check reports of oil slick
Ten days since the bulker was last heard from, search and rescue teams headed today to waters around Obi island…
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UK readies $36.5m in emergency ports funding as Brexit nears
The UK government under new prime minister Boris Johnson this morning promised an extra £30m ($36.5m) in emergency ports funding…
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Djakarta Lloyd eyes 2022 IPO
Indonesian state-owned shipping company Djakarta Lloyd is planning to conduct an initial public offering on the Indonesia Stock Exchange by…
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Cosco Shipping Lines appoints new managing director
Cosco Shipping Lines, the container shipping unit of China Cosco Shipping Group, has appointed Yang Zhijian as the new managing…
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Uljanik Plovidba changes name to Alpha Adriatic
Locally listed Croatian shipowner Uljanik Plovidba is changing its name to Alpha Adriatic to avoid it being linked to a…
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Hunter Group secures sale and leaseback financing
Norwegian owner Arne Fredly’s VLCC vehicle, Hunter Group has entered into a binding term sheet a five-year sale-and-leaseback agreement with…
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Augustea offloads panamax as Oceanbulk joint venture expands fleet
Italian shipping company Augustea Atlantica has just sold the 2005-built panamax bulk carrier to Chinese group Orient Express for around…
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Sembcorp Marine secures Cambo FPSO design contract
Singapore’s Sembcorp Marine has been awarded a front-end engineering and design contract with Siccar Point Energy for an FPSO for…
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Weekly Bunker: High fives for the scrubber advocates
BunkerEx’s Ishaan Hemnani has good news for scrubber buyers in his weekly column on fuel price differentials. With 3.5% HSFO…
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MOL and Karadeniz move ahead with floating gas power station venture
Mitsui OSK Lines (MOL) and Karadeniz Holding are pushing ahead with the first LNG powership project under new brand KARMOL.…
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Exmar inks FLNG sale and leaseback deal with CSSC Shipping
CSSC Shipping, the leasing unit of China State Shipbuilding Corporation (CSSC), has entered into an agreement with Belgian company Exmar…
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OKEA wins Neptune Energy supply vessel contract
Norway’s OKEA has been awarded a supply vessel contract by Neptune Energy after a competitive tender. OKEA will utilise PSV…
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Controversial Iranian VLCC enters Turkish waters
The Iranian VLCC , formerly known as Grace 1, entered Turkish territorial waters this morning and appears to be on…
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Doris Maritime clears out fleet
Nicholas Wirth’s Doris Maritime Services has sold the last four ultramax bulkers in its fleet to Chinese leasing house CDB…
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MOL rings the changes at Nordic Tankers
Japan’s Mitsui OSK Lines (MOL) has started the integration process of MOL Nordic Tankers (MOLNT) into MOL Chemical Tankers (MOLCT),…
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Skou makes suppliers an offer they can’t refuse
Ronny Waage from Singapore’s Heron Advisory is concerned with where Maersk is taking its TradeLens platform. We all know A.P.…
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Weekly Broker: Dry bulk sales fail to keep pace with the BDI
Dry bulk rates are basking in highs not seen for nearly six years with some analysts now suggesting that they…
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Grindrod to up stake in IVS Bulk
Singapore-based Grindrod Shipping is buying out the 33.25% stake of one of its two joint venture partners in IVS Bulk…
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