Bunker supplier and trader Bomin Group has expanded its physical operations in the ARA (Amsterdam-Rotterdam-Antwerp) port region by time chartering two new bunker tankers.
Islamic Republic of Iran Shipping Lines (IRISL) is a launching a new service that connects the French port of Le Havre with Iranian, Middle Eastern and Asian ports.
Havila Shipping have clinched a three-year contract with Reach Subsea for the vessel Havila Subsea.
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.