Cyprus
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Europe
Bernhard Schulte Shipmanagement: Benefits of consolidation questioned
Unlike many of his peers at the helm of enormously large shipmanagers Captain Norbert Aschmann questions just how much savings…
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Europe
Cyprus’s transport minister in the firing line over controversial Limassol port privatisation
The controversial privatisation of Cyprus’s top port could take a big scalp with calls growing for Marios Demetiades, the transport…
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Europe
Debut of DP World Limassol draws immediate flak
Terminal operator DP World has come in for immediate flak on taking over the Cypriot port of Limassol this weekend.…
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Europe
Shipmanagers Columbia and Marlow discuss merger
Columbia Shipmanagement and Marlow Navigation have confirmed that they are in discussions about a merger. The shipmanagement sector has seen…
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Europe
Ukrainian suffers severe burns from engine room inferno
An engine room fire early Sunday morning resulted in a Ukrainian seafarer being helicoptered off the tanker Basilia with severe…
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Europe
Cyprus Maritime Academy: ‘Bridging a gap between education, science and industry’
The Cyprus Maritime Academy, part of the University of Nicosia, is promising to help fill the global officer shortage and…
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Europe
Prosafe moves ahead with share placement
The world’s top owner and operator of semi-submersible accommodation vessels, Prosafe has completed a private placement of new shares. The…
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Europe
Statoil suspends Songa rig while it finds a new well
Statoil will suspend its charter of Songa Offshore’s semi-submersible drilling rig Songa Delta for five weeks later this month. The rig…
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Europe
Cyprus implementing new shipping strategy
Cyprus is implementing a new shipping strategy. The minister of transport, communications and works Marios Demetriades said yesterday more incentives…
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Europe
Seadrill seals another debt-for-equity deal
John Fredricksen’s Seadrill has privately negotiated another exchange agreement with certain holders of its outstanding 5-5/8% senior notes due 2017.…
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Europe
Cyprus’s second largest bank entering ship finance
RCB, Cyprus’s second largest bank, is looking to get into ship finance, Splash can exclusively reveal. Executives from the 1995-established…
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Europe
Seadrill refinances and recapitalises with loan adjustments
Seadrill has adjusted several of its loan agreements with lenders in order to refinance its business and insulate itself from…
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Europe
New interim CEO for struggling Prosafe
Amid a deteriorating oil services market, Prosafe Management has decided to replace its ceo. Stig Christiansen is the new interim…
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Containers
ÖL Group: Looking for new tonnage
Eberhard Koch, who presides over a Cypriot based ÖL Group and is a big fan of Maritime CEO, has plans…
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Europe
Cyprus picks Eurogate and DP World as Limassol terminal operators
Cyprus’ Transport Ministry has chosen two consortiums led by EuroGate International and DP World to run Limassol port’s container terminal…
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Europe
Limassol port tender will assess 14 bids
Fourteen offers have been received in a tender for the commercialisation of Cyprus’ Limassol Port. Six offers were received for…
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Asia
Prosafe gets $30m credit on final accommodation rig payment
Jurong Shipyard has given Prosafe $30m in seller’s credit on the final payment for its accommodation rig , which is…
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Europe
Threat of more strikes at Cypriot ports
Port workers, led by pilots, who downed tools at Limassol and Larnaca ports yesterday for four hours have warned another…
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Europe
Five arrested for embezzling EU funds from Cyprus’ Dept of Merchant Shipping
Police in Limassol today arrested five people in connection with the misappropriation of €72,000 in EU funds from Cyprus’ Department…
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Europe
European development bank hands Cypriot manager Interorient $11.4m loan
The European Bank for Reconstruction and Development (EBRD) is providing Cyprus-headquartered Interorient Shipmanagement a $11.4m loan to assist the company’s…
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