Sector
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Inmarsat in $3.3bn takeover negotiations
UK-based satellite communications group Inmarsat has received a $3.3bn cash takeover offer from a consortium led by Apax Partners and…
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BW Offshore sells 10% stake in Dussafu to Gabon Oil Company
BW Offshore subsidiary BW Energy Gabon has reached an agreement with Gabon Oil Company (GOC) to sell a 10% interest…
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Maersk offloads Total stake
Maersk Oil Trading and Investments, a wholly-owned subsidiary of A.P. Møller – Mærsk, has sold its ordinary shares in French…
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Two DSIC units to be liquidated
Dalian Intermediate People’s Court has ruled to liquidate two subsidiaries of Dalian Shipbuilding Industry (DSIC) at the request of creditors…
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CIMC Raffles and Odfjell Drilling partner to find work for newbuild semi-sub
China’s CIMC Raffles and Norway’s Odfjell Drilling have partnered to secure a drilling contract from Neptune Energy Norge to utilise…
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Ship capsizes at Iranian port
Poor communication between staff offloading boxes onshore and onboard has been cited for yesterday’s dramatic capsizing and sinking of the…
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Former China Shipping Industry executive charged for corruption
A local People’s Procuratorate in Jiangsu has filed criminal charges against Wang Yiling, former vice general manager of China Shipping…
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Singamas Container Holdings disposes of five container manufacturing units
SS Teo’s Singamas Container Holdings has announced that it has entered into a framework agreement with a potential purchaser for…
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CSSC moves to resume normal stock trading
Chinese state-run shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) has applied with Shanghai Stock Exchange to resume normal stock trading,…
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Shearwater awarded survey contract in Turkey
Shearwater GeoServices has been awarded a seismic acquisition and depth processing contract by Türkiye Petrolleri Anonim Ortakligi (TPAO). The survey contract…
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BW buys Epic Gas
Andreas Sohmen-Pao’s BW Group is buying out fellow Singapore owner Epic Gas. BW has come to an agreement to acquire…
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World Shipping Council renews block exemption campaign
With liners feeling the pressure lobby group World Shipping Council yesterday submitted additional information to the European Commission which is…
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ICTSI outlines plans to transform Hanjin Subic away from shipbuilding
The Philippines’ largest terminal operator has outlined how it might transform the country’s biggest shipyard. International Container Terminal Services, Inc…
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Shandong Shipping seeks overseas listing
Chinese state-run shipping firm Shandong Shipping has applied to terminate its listing on the National Equities Exchange and Quotations (NEEQ),…
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Johs Thode Reederei close to quitting shipowning
Johs Thode Reederei is is nearing a shipowning exit with brokers reporting that the oufit is netting close to $16m…
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BigLift and Chung Yang partner up in heavylift shipping
Dutch heavy lift shipping specialist BigLift Shipping has entered into an agreement with South Korea’s Chung Yang Shipping to collaborate…
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Omicron snaps up panamax bulker from Monaco’s Transocean
Omicron Ship Management has acquired 2008-built panamax bulker according to broking sources. Seasure Shipbroking says the Greek company has paid…
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Nissen Kaiun contracts four boxships at Shikoku Shipyard
Nissen Kaiun has turned its attention away from offloading bulkers to ordering boxships. The giant Japanese owner has ordered four…
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DNV GL sets up new AI research centre in Shanghai
Classification society DNV GL has set up a new artificial intelligence research centre in Shanghai as it seeks new solutions…
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Island Offshore awarded contract extension by Equinor
Norway’s Island Offshore has signed a new agreement with Equinor to extend the hire contract of its well intervention vessel…
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