Sector
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Akij makes its most expensive bulker play
Bangladesh’s Akij Group has completed its most expensive secondhand purchase to date. Sources say that fast growing player has paid Dojima…
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Diana Shipping fixes capesize pair
Greek dry bulk owner Diana Shipping has fixed two of its capesizes, one to Peter Weernink’s new venture Singapore Marine…
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Evergreen Marine appoints new general manager
Taiwanese shipping line Evergreen Marine has appointed Hsieh Huey-Chuan as the new general manager of the company, replacing Lee Mong-Jye…
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Icon Offshore awarded AHTS contract by Shell
Malaysian offshore vessel owning giant Icon Offshore has been awarded a contract by Sarawak Shell/Sabah Shell Petroleum Company a contract…
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SBM Offshore closes in on Petrobras FPSO contract
SBM Offshore has signed a letter of intent with Petrobras for a 22.5 year lease and operate contract for FPSO…
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Oceaneering awarded autonomous survey contract in Mexico
Oceaneering International has secured a contract to perform the first-ever deepwater autonomous underwater vehicle (AUV) survey in Mexican waters. The…
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SIPG to issue bonds worth $700m
Shanghai International Port Group (SIPG) has announced a plan to issue overseas bonds worth $700m on the Hong Kong Stock…
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CEO Chronicles 5: Three questions that can change your life forever
So far, we have discussed bad bosses and some dos and don’ts in dealing with them. We saw how Nadine…
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KS Energy charters semi-submersible rig to Eni in Indonesia
KS Energy has announced that the consortium PT Java Star Rig, a joint venture of KS Drilling and Universal Energy…
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Court to auction Grandfame handy bulker
Ningbo Maritime Court will hold an auction to sell the 2010-built 35,000 dwt handy bulker on July 10. The auction…
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LNG bunkering accelerates fast
While delegates attending ABS’s seminar on future fuels at Nor-Shipping last week were told it had taken 10 years to…
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Economou takes full control of Heidmar, installs Khanna as CEO
George Economou has struck a deal with Morgan Stanley to acquire the investment company’s stake in pool operator and services…
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K Line top management forced to defend themselves from irate shareholders again
As has now become tradition in the Japanese summer maritime calendar, for the third straight year top management at Kawasaki…
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Russia and China set up Arctic shipping joint venture
China’s Arctic Silk Road ambitions are becoming reality. Russian state-run shipping major Sovcomflot and energy firm Novatek signed an agreement…
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Israeli armed forces storm MSC boxship
Israel Defence Forces stormed a boxship anchored off Haifa yesterday after a Turkish immigrant was found to have started a…
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OneBulk is the newest name in Hamburg shipping
Three Hamburg-headquartered shipping companies Bertling, Nordic Hamburg and Oskar Wehr have provided further details of their dry bulk joint venture…
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Topouzoglou closes in on FSL Trust buyout
Prime Marine’s Stathis Topouzoglou together with a group of investors is closing in on buying out Singapore’s First Ship Lease…
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Nigerian piracy levels deemed ‘unacceptable’, international solutions sought
Some of shipping’s top stakeholders met on Friday at the London headquarters of the International Maritime Organization (IMO) to demand…
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Crane collapses on bulker at Yangzijiang Shipbuilding, one dead
A crane collapse incident took place at Yangzijiang Shipbuilding’s Yangzi Xinfu yard this morning. According to local reports, the crane…
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Sovcomflot cancels redelivery of Polarcus vessel, extends charter by two years
Dubai-based offshore survey company Polarcus has announced that Russian state-run owner Sovcomflot will keep survey vessel despite announcing its intentions…
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