Lawyers from Reed Smith liken the raft of uncertainties facing shipowners and charterers in their charter contracts relating to compliance with the IMO’s 2020 sulphur cap to that of the UK with Brexit.
Top Ships Inc announced on Wednesday that it has entered into joint venture agreements with commodities trader Gunvor Group to co-own two 50,000-dwt product tankers currently under construction at Hyundai.
Havila Shipping has clinched a contract extension from Statoil over the charter of two PSVs for a firm three years with plus options.
Cosco Shipping Energy Transportation Co has issued a positive profit alert for the financial ended 31 December 2016, but the earnings would be trimmed by loss-making chartering contracts.
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.
China Oilfield Services Limited (COSL) has filed a civil action against Norway’s Statoil over the termination of a rig chartering contract.
Singapore’s Otto Marine has landed a shipbuilding contract worth $8m and a chartering contract valued at $7.5m.
Singapore’s Otto Marine has commenced arbitration against Robert Knutzen Shipholdings Ltd (RKSL) over payment defaults of two bareboat charters.
China Merchants Energy Shipping (CMES) has sealed a long term 27-year charter contract to transport iron ore for Brazil's state mining giant Vale, following an earlier similar deal made by Coscocs.