COSL Offshore Management, subsidiary of COSL Drilling Europe, has filed a statement of claim to Oslo’s district court against Statoil demanding payment of around $15.24m over an altered drilling contract.
Shanghai-listed Cosco Shipping Specialised Carriers has posted a sharp fall in net profit for 2016 compared to the previous financial year due to the sluggish shipping market.
Malaysian FPSO player Yinson Holdings is negotiating to provide a vessel to Repsol unit Talisman Vietnam 07/03 BV (TLV) to supply a vessel for the Ca Rong Do field development…
The biggest threat facing the recovery in the container shipping market is the large amount of newbuildings set to be delivered this year according to consultants Drewry.
China’s bankrupt Nantong Mingde Heavy Industry has been bought over by conglomerate Xiamen Xiangyu Group Corporation in a RMB576m ($84.2m) deal.
Cosco Shipping Ports has announced a plan to acquire shares in Qingdao Port International Co by way of both equity interest transfer and cash.
New shipbuilding orders received by China’s shipyards in 2016 have fallen by 32.6% year-on-year to 21.07m dwt in vessel tonnage, according to latest figures released by China Association of the…
Singapore’s ASL Marine has received strong support from nearly all its bondholders over extending the maturity of a series of notes by another three years.