• Shagang Shipping wins long-running court case against HNA
    A marathon court case regarding a ship charter dispute between Chinese companies Shagang Shipping and HNA Group has finally come to a close with the UK Supreme Court ruling HNA to pay $68.6m to Shagang Shipping. Shagang Shipping first filed a lawsuit against HNA in 2012 for a dispute over a ... read more NewsPublished on 07.08.2020By Jason Jiang
  • Noble Corporation awarded another drillship contract by ExxonMobil
    Offshore driller Noble Corporation has been awarded a new contract by ExxonMobil for drillship . The six-month contract is for drilling operations in Guyana, and scheduled to start in the fourth quarter of 2020 after the rig finishes its current campaign in Suriname. With this new contract, signed under a ... read more NewsPublished on 07.08.2020By Grant Rowles
  • Axxis Geo Solutions appoints new CEO
    Norwegian offshore survey specialist Axxis Geo Solutions has announce the appointment of Ronny Bohn as CEO of the company, effective from August 10. Bohn moved from inApril, and has more than 20 years of experience in the seismic industry including stints at CGG and Fugro-Geoteam. Bohn will be replacing Lee Parker, ... read more NewsPublished on 07.08.2020By Jason Jiang
  • Bulk carrier sitting on reef off Mauritius starts to leak bunker fuel
    The 203,000 dwt bulk carrier, which ran aground on a reef just off the southeast coastline of Mauritius on July 26, has started spilling bunker fuel into the famous azure seas of the French speaking republic.  Local authorities have ordered the public, including boat operators and fishermen, not to venture ... read more NewsPublished on 06.08.2020By Sam Chambers
  • Kitack Lim discusses the crew change crisis
    Kitack Lim, the secretary-general of the International Maritime Organization (IMO), is the latest high profile name to star in the Wallem-sponsored Maritime CEO Seafarer Leader Series powered by Ocean Technologies Group. Throughout July and August, Splash TV has been asking the industry for solutions to the crew change crisis as ... read more NewsPublished on 06.08.2020By Splash
  • Euronav: Crew change crunch is shipping’s ‘largest ever humanitarian and logistical crisis’
    Belgian tanker giant Euronav announced its interim results today, and spent plenty of time discussing the crew change crunch. In a release, the company described the ongoing seafarer impasse as “the largest ever humanitarian and logistical crisis facing the maritime sector”. Euronav said the disruption is now affecting the lives ... read more NewsPublished on 06.08.2020By Sam Chambers
  • Shipping counts cost of Beirut port blast
    Containerlines are diverting calls from Beirut to other nearby ports as officials in Lebanon piece together how Tuesday’s deadly explosion occurred. More than 135 people are dead, many are still missing and more than 300,000 have been made homeless following the giant explosion that has erased most of Beirut port. ... read more NewsPublished on 06.08.2020By Sam Chambers
  • Star Bulk Carriers completes 16-vessel series of sale and leaseback deals
    Greek dry bulk vessel operator Star Bulk Carrier has completed a slew of sale and leasebacks with Chinese and Japanese leasing houses for a total of 16 vessels. The company signed a commitment letter with China Merchants Bank Leasing (CMBL) to sell and leaseback the vessels Laura, Idee Fixe, Roberta, ... read more NewsPublished on 06.08.2020By Jason Jiang
  • FSL Trust exits container sector with sale of boxship trio
    Singapore shipping trust First Ship Lease Trust (FSL) has announced the sale of its three containerships FSL Eminence, FSL Elixir and YM Enhancer. The three 2008-built 4,250 teu ships have all been on charter to Taiwan’s Yang Ming. The Eminence was redelivered by Yang Ming at the end of its ... read more NewsPublished on 06.08.2020By Grant Rowles
  • Armed guarding shouldn’t be cheap. It should be expensive
    James Wilkes from Gray Page writes today about the dangerously low price levels private maritime security companies are offering. Rolls-Royce cars are world renowned. For decades, they have been owned by the very rich and famous. The Phantom is Rolls-Royce’s signature car. A new one will cost you north of ... read more NewsPublished on 06.08.2020By Splash
  • Weekly Broker: Strengthening dry bulk scene attracts buyers
    It has been a strong week for the bulker S&P market with ample completed transactions as the dry bulk chartering market started to bounce back after three consecutive weeks of downward correction. “On the dry bulk side, after the hefty correction in terms of activity noted just the week prior, ... read more NewsPublished on 06.08.2020By Jason Jiang
  • Oceanteam and Bourbon defer repayment on joint venture vessels
    Oceanteam and Bourbon, the joint owners of CSVs Bourbon Oceanteam 101 and CSV Southern Ocean, have entered into an agreement with financiers to defer the Q1, Q2 and Q3 instalments for 2020 under the vessels’ facility agreement until its expiry in 2022. The partners believe the deferment will provide flexibility to ... read more NewsPublished on 06.08.2020By Jason Jiang
  • Three cranes collapse at India’s Jawaharlal Nehru Port
    Three cranes collapsed in heavy rains and strong winds on Wednesday at Jawaharlal Nehru Port (JNPT), one of the largest ports in India. “Due to strong winds, three large cranes have fallen down. We are assessing the damage. Fortunately, there is no damage to human life,” Sanjay Sethi, chairman of ... read more NewsPublished on 06.08.2020By Jason Jiang
  • GasLog Partners CEO Andy Orekar steps down
    GasLog Partners CEO Andy Orekar has stepped down, citing the company’s decision to move its headquarters from Monaco to Greece. Orekar, who has led GasLog Partners since its inception, will be replaced by current GasLog CEO Paul Wogan from September 16. GasLog Partners also announced that Michael Gialouris, Pamela Gibson, ... read more NewsPublished on 05.08.2020By Grant Rowles
  • Reach Subsea awarded several new contracts
    Norwegian offshore vessel owner Reach Subsea has announced the award of new contracts in cooperation with partner MMT Sweden. Having reported the award of 750 project days worth of contracts during the first quarter, Reach Subsea says it has since been awarded an additional 250 project days worth of work ... read more NewsPublished on 05.08.2020By Grant Rowles
  • Havila Shipping secures extension for PSV pair
    Norwegian OSV operator Havila Shipping has announced that Total has extended the contracts for PSV vessels Havila Fano and Havila Heroy. The new contracts for the vessels have been extended to June 1, 2021, and Total also has three one-month options for each vessel. Havila currently owns a fleet of 18 ... read more NewsPublished on 05.08.2020By Jason Jiang
  • LNG-fuelled ships in the crosshairs as IMO details landmark GHG study
    The International Maritime Organization (IMO) has released its keenly awaited fourth greenhouse gas study, which starkly shows the huge challenge shipping faces to cut its carbon footprint. Proponents of LNG as shipping’s next fuel will also have reacted with shock to certain findings contained in the report. Despite thousands of ... read more NewsPublished on 05.08.2020By Sam Chambers
  • Deadly port explosion rocks Beirut
    Authorities in Lebanon are busy counting the number of dead and injured after an explosion at Beirut Port that rocked the entire city. The blast, which happened in the city’s port area yesterday around 6pm, is said to have been caused by 2,750 tonnes of ammonium nitrate being stored in ... read more NewsPublished on 05.08.2020By Grant Rowles
  • K Line to slash fleet to stem red ink
    Kawasaki Kisen Kaisha (K Line) is taking drastic action as it fights to contain red ink stemming from the effects of the coronavirus pandemic. In announcing a loss today for the first quarter ending on June 30, the Japanese shipping giant laid out plans to slash its fleet by more ... read more NewsPublished on 05.08.2020By Sam Chambers
  • Hapag-Lloyd appoints former Maersk executive into senior role
    Hamburg-based global liner Hapag-Lloyd has appointed Anders Boenaes, a former executive of Maersk, as the company’s new senior managing director of the company. Boenaes will be responsible for ship networks, alliances and day-to-day operations at Hapag-Lloyd. Boenaes joined Maersk in 1993 as a trainee and spent 27 years at the ... read more NewsPublished on 05.08.2020By Jason Jiang
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