Scorpio Bulkers Confirms Vessels Selloff
NYSE-listed Scorpio Bulkers confirmed the sale of seven newbuildings for a total of $290mln to an unnamed buyer, said a company press release. The newbuildings…
Sembawang Bags Teekay's FSO Conversion Project
Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage and Offloading (FSO) conversion contract worth S$56 million from Teekay…
Colombia Frees Chinese Ship with Weapons for Cuba
Colombia has licensed a Chinese Language ship to set sail after it was caught carrying One Hundred tonnes of explosives to Cuba illegally, the prosecutor’s workplace stated…
S. Korea Okays Salvage Sunken Sewol Ferry
South Korea has approved plans to salvage a sunken ferry that capsized last year in the Yellow Sea killing over 300 people, Public Safety and Security Minister Park In-yong said.
South East Asia Still Hotspot for Piracy
One coastal tanker is hijacked every two weeks on average in Southeast Asia making it the most dangerous seas, the latest piracy report from the International Maritime Bureau (IMB) has warned.
Banks: Vessel Financing Increasingly Based on Energy Efficiency
Banks are beginning to recommend efficiency retrofits to shipowners, and are using energy-efficiency data in deciding which vessels they finance—and which they won’t…
Transocean Appoints Jeremy D. Thigpen President & CEO
The CFO of Houston-based National Oilwell Varco Inc. (NOV) is stepping down to become CEO of Transocean Ltd. (RIG), one of NOV’s largest customers. Effective April 22…
FMC Beats 1Q Profit Forecasts
The Houston-based subsea specialist FMC Technologies Inc. (FTI) reported first-quarter earnings of $147.6 million, beating Wall Street expectations. The average…
