• Court sends Japan Drilling Company reorganisation to a creditor vote
    Japan Drilling Company (JDC) has received an order from the Tokyo District Court to refer the reorganisation plans to creditors’ resolution after the company submitted the plan to the court at the end of August. The court’s order provides that the resolution for the reorganisation plans shall be conducted through ... read more
    splash247.com NewsPublished on 10.09.2019By Jason Jiang
  • CSSC forms smart ship joint venture
    CSSC Shanghai and CSSC Research Institute, two units of China State Shipbuilding Corporation (CSSC), have entered into an agreement with investment companies Citic International and Shenzhen Baize to establish a joint venture to engage in the research and development of intelligent technology for ships and marine equipment as well as ... read more
    splash247.com NewsPublished on 09.09.2019By Jason Jiang
  • Double homicide on Italian tanker under investigation
    Police are investigating a double homicide onboard the tanker in the Caribbean. The Italian flagged ship moored at the Dutch controlled Orange Bay Harbour on Thursday morning with police boarding the vessel to arrest the suspect. The incident happened two days prior in international waters The victims were described as ... read more
    splash247.com NewsPublished on 09.09.2019By Sam Chambers
  • Study claims UK’s sinking maritime position has cost it $1.4bn over the past two years
    A new report by consultancy PwC, commissioned by lobbying group Maritime London, claims the UK has lost $1.4bn in potential maritime-related GVA (gross value added) to the national economy over the last two years, as its erstwhile position at shipping’s top table has slipped. “We estimate that if the UK ... read more
    splash247.com NewsPublished on 09.09.2019By Sam Chambers
  • Four crew missing after Glovis car carrier capsizes at Port of Brunswick
    Traffic at the Port of Brunswick was suspended yesterday as authorities raced to rescue crew from the 2017-built 7,700 ceu  car carrier which was listing heavily and had caught fire in St Simons Sound, Georgia. Authorities were notified of an incident involving the vessel around 2am Sunday morning local time. ... read more
    splash247.com NewsPublished on 09.09.2019By Grant Rowles
  • End game in sight as controversial Iranian VLCC prepares to head home
    Having taken five months to deliver its cargo of crude, the end game is finally in sight for the Iranian VLCC , with the tanker now in Syrian waters and its oil in the process of being offloaded having found a buyer. The ship has been carrying the same cargo ... read more
    splash247.com NewsPublished on 09.09.2019By Sam Chambers
  • Hutchison Port Holdings Trust sails out of the Straits Times Index
    Hutchison Port Holdings Trust is to be booted from Singapore’s Straits Times Index after its market value slumped dramatically.   One of the biggest IPOs in Singapore back in 2011, the south China boxport offering has seen its market cap slide 84% since then to become the lowest among the ... read more
    splash247.com NewsPublished on 09.09.2019By Sam Chambers
  • H-Line orders LNG carrier at Hyundai Samho
    South Korean owner H-Line has placed an order at domestic yard Hyundai Samho Heavy Industries for the construction of a 174,000 cu m LNG carrier. According to Hyundai Samho, delivery of the ship is scheduled by the end of 2021. Total value of the order is KRW228bn ($191m). H-Line currently ... read more
    splash247.com NewsPublished on 09.09.2019By Jason Jiang
  • A M Nomikos in for another SK supra
    Greek owner A M Nomikos has dipped into the secondhand market to add to its 40-strong fleet. Sources tell Splash the Athens company has forked out $12.5m for SK Shipping’s 55,000 dwt supramax in an off-market deal.  The deal follows A M Nomikos’s purchase of sister vessel, K Garnet, for ... read more
    splash247.com NewsPublished on 09.09.2019By Hans Thaulow
  • TS Lines orders boxship quartet at Huangpu Wenchong
    Taiwanese boxship operator TS Lines has signed shipbuilding contracts with CSSC-affiliated Huangpu Wenchong Shipbuilding for the construction of up to four 2,700 teu containerships as part of a plan to expand its self-owned fleet. The contract consists of a firm order for two ships and an option for an additional ... read more
    splash247.com NewsPublished on 09.09.2019By Jason Jiang
  • Noble Corporation awarded jackup extensions
    Offshore driller Noble Corporation has secured contract extensions for two of its jackup drilling rigs, according to the company’s latest fleet status report. The 2013-built Noble Mick O’Brien has been awarded contract extension by Qatar Gas, which will see the rig continue to work in the Middle East until late ... read more
    splash247.com NewsPublished on 09.09.2019By Jason Jiang
  • SBM Offshore seals FPSO supply agreement with ExxonMobil
    Dutch firm SBM Offshore has signed a long-term agreement with ExxonMobil covering potential future FPSO orders. This agreement is non-exclusive, and establishes the framework and terms in relation to the engineering, procurement, construction and installation work regarding potential future contracts relating to leased FPSOs. SBM Offshore has supplied more than ... read more
    splash247.com NewsPublished on 08.09.2019By Grant Rowles
  • Bumi Armada sells FPSO for $40m
    Malaysia’s Bumi Armada has entered into an agreement with Nigeria’s Century Energy Services Limited (CESL) for the sale of the FPSO for $40m. The FPSO, which has been out of contract in Nigeria since last year, will be deployed by CESL to a field off Nigeria. Armada Perdana has been ... read more
    splash247.com NewsPublished on 08.09.2019By Grant Rowles
  • Fesco forms intermodal LNG shipping partnership with Chinese firms
    Russian owner Fesco has entered into a partnership agreement with Chinese companies Best Ship Energy Management and Zhejiang Rui Neng Ocean Shipping to jointly develop intermodal transportation of LNG in tanker containers from Russia to China. FESCO will develop logistics schemes for transporting tank-containerised LNG from the Russian Far East ... read more
    splash247.com NewsPublished on 06.09.2019By Jason Jiang
  • Sinokor bags $16m newcastlemax
    Mizuho Sangyo has found a taker for one of its two newcastlemaxes it put in the shop window last week. Splash reported last week that the 203,000 dwt and a sister ship, Azul Integra, were for sale, with the Azul Challenge inviting offers while the second ship is open for ... read more
    splash247.com NewsPublished on 06.09.2019By Hans Thaulow
  • Indonesia announces another nickel ore export ban
    This week Indonesia announced a ban, to start in the new year, on the export of nickel ore. While it will disrupt supply chains and freight demand, it is not a unique event, with a similar ban put in place in 2014, something brokers Braemar ACM noted in a recent ... read more
    splash247.com NewsPublished on 06.09.2019By Sam Chambers
  • India toys with giving domestic shipping a sulphur cap pass
    The Hindu Business Line, one of India’s premier financial newspapers, is reporting New Delhi is contemplating not imposing the global sulphur cap – due to start in 117 days – for ships plying domestic waters. A similar mooted move was floated by Indonesian authorities six weeks ago, before Jakarta stepped ... read more
    splash247.com NewsPublished on 06.09.2019By Sam Chambers
  • Charcoal faces IMO grilling as number of boxship fires ignites
    Major containership fires are on the up this year, averaging one a month in 2019, bucking this century’s already alarming average of one every 60 days, according to data from insurer TT Club. The UK company has pointed out in a note to clients that too many of these fires ... read more
    splash247.com NewsPublished on 06.09.2019By Sam Chambers
  • RBD Armatori’s fleet to be split in two
    Seven months after Reuben Brothers’ private equity fund presented an offer to buy out all the assets controlled by the bankrupt Italian shipping company RBD Armatori, it now emerges that Pillarstone Italy is likely to take part in the fleet carve-up as the initial bid did not meet creditor expectations. ... read more
    splash247.com NewsPublished on 06.09.2019By Nicola Capuzzo
  • Chinese bulk carrier detained in Australia with crew owed $64,000
    A Chinese-owned bulk carrier chartered to carry coal to South Korea has been detained at the Port of Gladstone by the Australian Maritime Safety Authority (AMSA) after crewmembers reported they were owed tens of thousands of dollars in unpaid wages. An inspector from the International Transport Workers’ Federation boarded the ... read more
    splash247.com NewsPublished on 06.09.2019By Sam Chambers
1 2 3 4 5 12