News

News

Cosco_Shipping_Ports

March 29, 2017

The board of directors of COSCO SHIPPING Ports Limited announced the consolidated results of the Company and its subsidiaries for the year ended 31 December...
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BW tanker vessel

March 29, 2017

Moody’s Investors Service has affirmed BW Group Ltd’s Ba1 corporate family rating and the Ba1 rating on its remaining USD194 million of senior secured notes...
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Pangaea-vessel_shipping

March 29, 2017

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, continued its gaining streak on Tuesday with a fresh...
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Peter Borup
Rederiet
J.Lauritzen

March 29, 2017

With immediate effect, J. Lauritzen's head of dry cargo Peter Borup has left the Denmark-based company by “mutual” consent. (more…)
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Tidewater

March 29, 2017

Offshore service vessel provider Tidewater Inc. announced that the latest waiver of covenant default from its lenders and noteholders expired in accordance with its terms...
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genco carrier

March 29, 2017

Genco Shipping & Trading Limited announced that it has named Jesper Christensen as Vice President and Commercial Director, Minor Bulk Fleet. (more…)
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The Carnival cruise ship Ecstasy leaves the port in Miami, Florida, September 18, 2015. REUTERS/Joe Skipper

March 29, 2017

Carnival Corp, the world's largest cruise operator, reported a better-than-expected quarterly profit on Tuesday and raised its forecast for full-year earnings, sending its shares to...
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FILE PHOTO: A Hapag-Lloyd container is loaded from a container ship at the terminal Altenwerder in the harbour in Hamburg, Germany October 25, 2011. REUTERS/Fabian Bimmer/File Photo

March 29, 2017

A merger of Hapag-Lloyd and United Arab Shipping Company (UASC) has hit a snag, with the German shipping line and some banks seeking assurances that...
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maersk_P

March 29, 2017

A.P. Moller-Maersk’s new chairman committed to automating its systems as the oil and shipping group steps up its drive to become more efficient and save...
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Angelicoussis

March 28, 2017

Greece-based shipping company Maran Tankers has been linked to an order of three very large crude carriers (VLCCs) from South Korean shipbuilder Daewoo Shipbuilding &...
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Scorpio-Tankers

March 28, 2017

Scorpio Tankers announced today that it plans to offer senior unsecured notes due 2019 in a registered underwritten public offering and simultaneously commence a cash...
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Ocean Rig

March 28, 2017

Rig contractor Ocean RIG UDW Inc filed for Chapter 15 bankruptcy protection in a U.S. court amid a deep and prolonged downturn in the industry....
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IMO

March 28, 2017

The final meeting of the GloBallast Global Project Task Force (GPTF), held in Panama City, Panama (16 to 17 March), highlighted the legacy elements of...
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CIMC

March 28, 2017

China International Marine Containers (CIMC) saw 2016 net profit drop 73% to RMB540m ($78.5m) from RMB2bn previously. (more…)
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ezion

March 28, 2017

EZION Holdings on Tuesday said it plans to take full control of existing joint ventures previously held with a unit of Swissco Holdings, and to...
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