Sector
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Former Tianjin Port Group chairman indicted by court
Tianjin People’s Procuratorate has indicted Yu Rumin, former chairman of Tianjin Port Group, for corruption activities. Yu will be charged…
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International Andromeda Shipping forks out $100m for LR2 resale pair
Monaco-based International Andromeda Shipping has just inked a deal to purchase a pair of LR2 tankers currently under construction at…
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Nisshin back at Nantong Xiangyu for dual-fuelled tankers
The fleet rejuvenation programme at Japan’s Nisshin Shipping proceeds at pace. Nisshin, which has sold much of its older tonnage…
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TechnipFMC awarded Reliance subsea contracts in India
TechnipFMC has secured major subsea contracts from Reliance Industries for the MJ1 field, located in deep water offshore India in…
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Halliburton secures major drilling contract from Kuwait Oil Company
US energy service provider Halliburton has secured an integrated offshore drilling services contract from Kuwait Oil Company (KOC) for six…
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Castor Maritime raising money for fleet growth
Nasdaq Capital Market-listed Greek dry bulk owner Castor Maritime is looking to raise up to $10m, which it says will…
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Globus Maritime completes fleet refinancing
Greek owner Globus Maritime has completed the refinancing of its fleets of five vessels through a term loan facility with…
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UN releases two ships detained for illegal trade with North Korea
South Korea’s foreign ministry has announced that the UN sanctions committee on North Korea has approved the release of two…
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Uniper signs new charter for Diana Shipping panamax
Greek dry bulk owner Diana Shipping has signed a new time charter contract with Uniper Global Commodities for 2014-built ice…
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Cosco merges Tianjin container terminal assets with Tianjin Port and China Merchants
Cosco Shipping Ports has announced that it has entered into a merger agreement with Tianjin Port Holdings and China Merchants…
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HMM leaves 2M for THE Alliance
South Korean line HMM has been accepted into THE Alliance, becoming the fourth member of the liner grouping set up…
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DP World buys Topaz Energy & Marine
Dubai terminal operator DP World has diversified into the oil and gas sector, buying Topaz Energy & Marine. DP World…
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New Shanghai owner plans to build 18 electric-powered bulkers
EVE Energy, a Chinese lithium battery producer, has entered into a framework agreement with Shanghai Hansun Shipping to jointly develop…
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K Line confirms new Taiwan shipping JV
Kawasaki Kisen Kaisha (K Line) today confirmed a Splash exclusive, revealing details of a new Taiwanese shipping joint venture. The…
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Frontline offloading naphtha from damaged Front Altair
Frontline has deployed the LR2 Front Vega to complete a ship-to-ship transfer (STS) of the naphtha cargo onboard the damaged…
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Unipec spreads its focus to suezmax and aframax segments
Unipec, the world’s dominant dirty spot charterer, has been making waves this year in the suezmax and aframax sectors beyond…
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Hermes fashions $38.7m VLCC deal with Phoenix Tankers
Ghandour Ghassan’s Hermes Marine Management has doubled its fleet with the acquisition of a secondhand VLCC, according to brokers. Seasure…
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Cosco PetroChina Shipping lines up product tanker quartet
Cosco Shipping Energy Transportation has approved a proposal for its 51% owned joint venture, Cosco PetroChina Shipping, to join the…
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Administrators list Zhejiang Ouhua Shipbuilding assets for auction
The administrators of bankrupt Chinese yard Zhejiang Ouhua Shipbuilding have listed the yard’s assets for sale via online auction scheduled…
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BW Offshore installs new management, secures FPSO contract extension
BW Offshore has announced a series of changes to its executive management team, effective immediately. Marco Beenen has assumed the…
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