Editor’s Picks
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Greater China
Authorities seed clouds to douse giant chemical tank explosion at Rizhao Port
Dalian: A giant explosion of a chemical tank at Rizhao Port today saw local authorities seed the clouds in the…
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Americas
Aker Philadelphia Shipyard to change name and exit shipowning investments
Oslo: Aker Philadelphia Shipyard (AKPS) has announced that it plans to change its name to Philly Shipyard, provided it receives…
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Contributions
What a difference a week makes in the tanker trades
Last week, the International Energy Agency, which advises the OECD countries on energy policy, said that the oil market was…
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Americas
Mexico’s historic first oil-rights auction comes up short
San Francisco: Mexico’s historic first open oil-rights auction failed to hit pay dirt on Wednesday, sputtering and bubbling instead as…
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Dry Cargo
World Economic Research Institute: Worst is over for shipping
Dalian: The World Economic Research Institute is part of Dalian Maritime University, and in Professor Liu Bin, the institute can…
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Containers
Peter G tops the S&P markets in the first half
London: Gener8 Maritime has been the most aggressive player in the second hand market in the year to date, according…
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Offshore
Crew member crushed to death on DOF AHTS off Australia
Singapore: A 39-year-old Australian crew member onboard DOF anchor handling tug supply vessel Skandi Pacific (3,107 dwt, built 2011) died yesterday…
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Dry Cargo
Swiss Marine confirms Seno Kisen capesize deal
Genoa: Swiss Marine is set to add a 15-years old capesize from Japan’s Seno Kisen to its fleet of bulk carriers.…
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Americas
Petrobras board member breaks ranks to slam government policies
San Francisco: A member of Petrobras’ board broke ranks and publicly criticised the Brazil national government’s energy policies on Tuesday.…
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Europe
Maersk Drilling sends oldest rig to be recycled
Copenhagen: Maersk Drilling has decided to decommission the rig Maersk Endurer from the fleet and recycle the rig with Zhoushan…
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Europe
Torm completes restructuring, fleet swells to 74
Copenhagen: Torm has completed its comprehensive restructuring, recapitalising its balance sheet, by reducing the existing debt from approximately $1.4bn to…
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Contributions
Oil, shipping and the commodities collapse
While the world is awash with speculation on what will happen to Greece, the Euro and the Chinese economy, a…
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Africa
Managing the end-to-end extremes of Africa ports
Victor Shieh, the editor of Portoverview.com, gives readers a glimpse at what is happening in Kenya. Positive developments about Africa…
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Asia
Toxic gas kills three Vietnamese crew off Malaysia
Kuala Lumpur: Five Vietnamese crew have reported to have been exposed to toxic gas onboard the bulk carrier Hiram in…
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Dry Cargo
Rimorchiatori Riuniti in $19m kamsarmax buy
Genoa: Rimorchiatori Riuniti is back in the market to snatch opportunities. The Genoa-based shipping group, headed by the Gavarone and…
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Europe
Dryad Maritime: Of PMSCs and cheap parachutes
Portsmouth: What do many private maritime security companies and cheap parachutes have in common? It sounds like the start of…
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Asia
Hollow man or how inattention to industry fundamentals can kill
Having recently read an analysis of the failure of Chinese shipping by Charles de Trenck, published by Splash as well as…
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Europe
RBS to sell Greek shipping portfolio
Athens: Royal Bank of Scotland (RBS) is looking to offload its $5bn Greek ship finance business, Reuters reports. The aim…
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Greater China
JES denies allegations from former chairman
Shanghai: Singapore-listed Chinese shipbuilder JES Holdings has denied allegations made by its former ceo and chairman Jin Xin, that his…
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Dry Cargo
RBD Armatori: Lack of finance stymies owner’s ability to seize opportunities
Naples: Opportunities often emerge for canny shipowners in times of crisis but with a lack of financial support it’s hard to…
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