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Panama’s National Assembly has approved new legislation, Law 41, which restricts foreign-owned vessels in the maritime auxiliary services sector, a measure that has annoyed European countries and may violate several…
The six sister vessels of the stricken MOL Comfort are to be inspected, as the first salvage vessels reach the wreck.
New York-listed Atwood Oceanics has exercised an option with South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) to build a fourth ultra-deepwater drillship at a price of $635m.
The quote of the week at Marine Money’s New York event was without doubt from panelist Harald Thorstein from John Frediksen’s Frontline opining bluntly: “It’s insane to be ordering ships,…
Soaring rates for tankers trading on the US domestic trades under the Jones Act were a hot topic at one of the panels at last week’s Marine Money conference in…
Taiwanese shipowner Today Makes Tomorrow (TMT) has filed for bankruptcy protection in Houston court after it failed to restructure its debt.
Mitsui OSK Bulk Shipping (USA), subsidiary of Mitsui OSK Lines (MOL), is facing a class-action lawsuit concerning allegations of price fixing in the US car carrier market.
US private equity firm Lindsay Goldberg (LG) has expanded its stake in Odfjell's global tank terminal segment to 49% of the Norwegian group's global activities. 
Torm has announced the termination of its American Depository Receipt (ADR) programme due to its cost and small scale.
The announcement of the container shipping alliance P3 Network between Maersk Line, CMA CGM and Mediterranean Shipping Co (MSC) is one that could truly warrant the tag of being a…
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