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Singapore: Marine fuel prices are expected to continue rising to record high this year on tightening supplies, worsening the expense headache for shipowners, according to shipbroker McQuilling Services.
Kuala Lumpur: Malaysia’s SapuraKencana Petroleum has moved a step closer to its planned $2.9bn purchase of Seadrill’s tender rig business with the two companies entering into a provisional sale and…
Hong Kong: Orient Overseas Container Line (OOCL) is set to increase box rates from Asia to Europe. The Hong Kong-headquartered line said would increase rates from Asia to Europe by…
Oslo: Norwegian shipyard Fjellstrand is developing the first full battery-powered ferry, ship operators continue in their quest for alternative fuel sources to traditional heavy fuel oil.
Liverpool: Bibby Ship Management has scored big in offshore marine with six new vessel contracts. Bibby Ship Management was awarded a minimum five year contract for the management of four…
Oslo: Shipping loans performed poorly dragged down an otherwise robust portfolio for 2012, banking group DNB revealed in their Q4 results today.
London: APL has announced the appointment of Peter Jongepier as regional head of operations in Europe.
Oslo: John Fredriksen’s Frontline has inked for two aframax tankers Guangzhou Shipyard International (GSI).
Paris: The booming oil and gas market has yielded strong results for Bourbon, which has seen a 17.7% increase in revenues, with an annual turnover of $1.6bn in 2012.
London: The International Chamber of Shipping (ICS) highlighted "seemingly inadequate obligations” on flag states to submit the results of accident investigations, at its board meeting in London this week.
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