China's Navy holds Missile Combat Resupply Drill
China's navy held its first drill simulating the resupply of missiles in a combat environment in the Yellow Sea, the Defence Ministry said on Thursday, the latest…
Qatar Navigation Absorbs Balance of SocGen Gasships
Qatar Navigation (Milaha) said on Thursday its unit Qatar Shipping Company had acquired the remaining 60 percent interest in two firms which own Liquefied Natural…
GasLog Partners To Buy Three Vessels
GasLog Partners LP and GasLog Ltd. announced today the closing of the Partnership’s acquisition from GasLog of 100% of the ownership interests in the entities that…
Petrobras hands over Campos basin stake to PetroRio
Petrobras today signed with PetroRio S.A. (‘PetroRio’) the contracts for the sale of 20% of its stake in the concessions of Bijupirá and Salema fields, currently operated by Shell.
Stolt-Nielsen's Results Show Bright Future
Stolt-Nielsen Limited today reported unaudited results for the second quarter ended May 31, 2015. Net profit attributable to shareholders in the second quarter was $42.5 million…
San Leon Signs Moroccan Rig Deal
San Leon Energy signed a rig contract for the drilling of the El Aaiun-4 well on the Tarfaya conventional licence, onshore Morocco. The rig contract has been signed…
Noreco Ink Deal with Denmark Partners
Norwegian Energy Company ASA announces that it has reached an agreement with its joint venture partners in Denmark with respect to its forfeited licences and related abandonment liabilities.
Fincantieri, Finmeccanica Win Italian Navy LHD Contract
Fincantieri, one of the world’s largest shipbuilding groups and reference player in the naval shipbuilding industry, and Finmeccanica, Italy’s leading manufacturer in the high technology sector…
USN Data Center Hit by Electrical Storm
An electrical storm that hit the evening of June 27 affected the data center at Navy Personnel Command (NPC) and BUPERS On-Line (BOL) was offline until 3 p.m. CST on Wednesday.
Damen, AMELS sell YSV with Heli Hanger
The sale of a new 69-metre Yacht Support vessel marks the next level of development for the successful Yacht Support range built by DAMEN in cooperation with Dutch luxury yacht builder AMELS.
MOL Renames Group Ship Management Co.
Mitsui O.S.K. Lines, Ltd. announced today that effective July 2, its wholly-owned ship management company for dry bulkers, New Asian Shipping Company, Limited is…
TORM's Restructuring Agreement Becomes Effective
As previously reported, TORM has obtained the creditor consents necessary to implement its Restructuring through an English law Scheme of Arrangement (cf. announcement no. 15 of 25 June 2015).
Golar Moves Ahead with lucrative FLNG Project in Cameroon
Golar LNG Limited inform that with regards the signing of a Heads of Agreement with Societe Nationale de Hydrocarbures ("SNH") and Perenco Cameroon ("Perenco") for…
WISTA Seminar on Dry Bulk Receives Wide Response
A Shipping Seminar on "Dry Bulk Chartering, Operations and Arbitration” held on 27th June 2015 at the Narottam Morarjee Institute of Shipping, Nariman Point, Mumbai was well attended.
Mega Valemax Enteres China for First Time in Two Years
Mega-ore carrier Valemax Yuan Zhuo Hai, which is owned by China Ore Shipping, has arrived Dongjiakou Port in Qingdao for unloading iron ore. This is the first…
Uni Asia Forms New Subsidiary and Buy a New Vessel
Uni-Asia Holdings Limited has acquired a new wholly owned Panama-incorporated company known as Fortuna Containership S.A. as a ship owning subsidiary for the purpose of acquiring a 3…
Box Ships Enters Financial Deal
Athens-based Box Ships has announced that it has secured a two year extension on a loan facility with ABN Amro, which was scheduled to mature next month. Following this extension…
China Huarong in Distress
China Huarong Energy Co, formerly known as China Rongsheng Heavy Industries, said in a regulatory filing that a memorandum of understanding on the disposal of assets to an unnamed buyer has expired.
Bahri Goes to Hyundai Samho for Five More VLCCs
Immediately after signing contract with signed with Hyundai Samho Heavy Industries to build five VLCCs, with an option to build additional five VLCCs, the National…
Confidence Low in Shipping Idustry
Confidence levels in the global shipping market have fallen to a seven-year low as a glut of cargo ships, weak freight rates and excess liquidity continue to batter the industry…
