April 1st, 20200Energy and commodities giant Vitol has entered into the Singapore ship bunkering market with the takeover of local outfit Sinanju Tankers. Vitol Marine Fuels, a subsidiary of the Vitol Group, has acquired 100% equity interest of Sinanju Tankers Holdings and renamed the company Vitol Bunkers. Sinanju’s fleet is comprised of 15...
March 30th, 20200BW Offshore has announced that it has laid up the in Singapore after the expiration of a long-term contract with Petrobras. The 31-year-old FPSO tanker had been operating on the Camarupim field offshore Brazil since 2019 and the contract expired on March 29. BW Offshore currently operates a fleet of 15 FPSO tankers....
March 30th, 20201Singapore has stepped up to the plate and provided a remedy of sorts to the ongoing crew change crunch brought about by coronavirus. Thousands of seafarers have been unable to return home or board ship as countries have entered lockdown in the fight against coronavirus. Normally, around 100,000 seafarers leave or join a ship every...
March 26th, 20200The red ink keeps flowing at businesses linked to Singaporean SS Teo, the boss of troubled Pacific International Lines (PIL), the world’s tenth largest containerline. Singamas, the Hong Kong-listed box manufacturing subsidiary of PIL, posted its full year results for 2019 today. Despite selling five Chinese factories to Cosco last...
March 24th, 20200Pacific International Lines (PIL) has been forced once again today to insist its business can carry on despite further evidence of debts piling up. Box manufacturing subsidiary Singamas issued a release to the Hong Kong Stock Exchange on Sunday warning PIL owes it $147.7m, a majority of which is overdue. A spokesperson for PIL...
March 19th, 20200Charter Haus, a new independent shipbroker has been launched this week, promising a product specific approach to shipbroking. Founded by Fabian Purps, Charter Haus has opened its doors in both Singapore and Switzerland with a team of five, all formerly with Brazilship/Scanbrasil. Speaking with Maritime CEO about the new venture,...
March 18th, 20200BW Offshore has signed a contract for the lease and operation of the 1992-built FPSO on the Cascade and Chinook fields on behalf of MP Gulf of Mexico. The contract is for a period of five years in direct continuation of the current contract until March 2025 with a five-year option to extend. “We are very pleased to have reached...
March 18th, 20200BW Energy, which only just listed in Oslo last month, has announced adjustments to the development program on the Dussafu Marin license in Gabon in response to the spread of the coronavirus and restrictions on international travel. According to the company, the impact of international travel restrictions is limiting the company’s...
March 17th, 20202A pirate attack on a supramax bulk carrier operated by Swiss owner SAM has been thwarted by the ship’s crew. The Maritime and Port Authority of Singapore's Port Operations Command Centre received a report from 2013-built 57,200 dwt bulk carrier on Monday that pirates had boarded the ship near Pulau Karimun Kecil, Indonesia. The...
March 17th, 202002020 is proving to be the year where shipping pools roared back in popularity across many segments. The latest development sees Chembulk Tankers signing commercial management agreements for its entire fleet of owned and chartered stainless-steel chemical tankers to enter commercial pools managed by Womar Logistics. Womar will assume...
