• BW Offshore FPSO involved in February fatal explosion off Brazil still out of action

    Nov 27, 2015 | 10:51 am

    BW Offshore has revealed that its Floating Production Storage and Offloading (FPSO) unit involved in a multiple-fatality explosion in February is still moored offshore Brazil. The Norway and Singapore joint-headquartered company reported in its quarterly update that recovery work continues on the FPSO on which nine workers died in the February 11 explosion. The FPSO […]

  • USCG search for crewman missing from Chilean cargo ship

    Nov 27, 2015 | 10:47 am

    US Coast Guard (USCG) rescue teams are searching the Atlantic Ocean near Puerto Rico for a man thought to have gone overboard from a Chilean cargo ship, according to the Associated Press. A cutter, two helicopters and an aircraft from various east coast Air Stations were involved in the operation to find Luis Leyva Aliaga, […]

  • Star Bulk linked to sale of two capesizes

    Nov 27, 2015 | 10:31 am

    NYSE-listed Star Bulk has a deal on subjects for the sale of two capesize vessels to South Korea’s H Line Shipping, brokers tell Splash. The sale of Peloreus (182,500 dwt, built 2014) and Bruno Marks (180,000 dwt, built 2015) is mooted at .5m each, sources said today. The first vessel was delivered last year from […]

  • Euroseas confirms demolition of elderly handysize boxship

    Nov 27, 2015 | 09:57 am

    NASDAQ-listed Euroseas today confirmed it has sold its 23-year-old boxship (1,599 teu, built 1993) for demolition. Earlier this week, brokers reported the 6,735-ldt ship was sold to Bangladeshi buyers for a price of 2/ldt or .24m in total. AIS data confirms the German-built vessel has arrived at Chittagong. So far this year, 11 handy containerships […]

  • Saverys looks set to start squeeze-out of remaining CMB shares

    Nov 27, 2015 | 05:53 am

    The voluntary public takeover of Belgium’s CMB by Marc Saverys’ company Saverco is approaching its final stages, and the ‘squeeze-out’ period to acquire the remaining shares looks set to begin in early December. Some 1,668,043 shares (4.77% of CMB’s issued shares) were tendered on November 25 during the acceptance period of Saverco’s reopened public takeover […]

  • National Drilling Company of Abu Dhabi extends and adds rig options

    Nov 27, 2015 | 04:55 am

    National Drilling Company of Abu Dhabi (NDC) has agreed with its yard Lamprell to extend its existing options on jack-up drilling rigs and add an option for another. The existing options were originally due to expire in the third quarter 2015 but have been extended for a second time to expire during the first quarter […]

  • Pacific Richfield to offload 40 AHTS vessels in distressed sale

    Nov 27, 2015 | 03:12 am

    Singapore OSV player Pacific Richfield has put 40 AHTS vessels up for sale in what appears to be a distressed sale. The company has appointed Pareto Securities to market the vessels, in what is described as a “restructuring exercise” in a circular from Pareto. Sources inform Splash that the sale has been led by the […]

  • World Wide Supply unable to make interest payment

    Nov 27, 2015 | 02:55 am

    Norway’s embattled World Wide Supply admitted yesterday it is unlikely to be able to make an interest in a scheduled interest payment today. The OSV player has bond debts of 6.7m, and has previously revealed that is in negotiations with its lenders. Four out the six-strong World Wide Supply fleet are idled at the moment. […]

  • Deutsche Bank goes shopping for non-performing loans in Italy

    Nov 27, 2015 | 02:29 am

    Deutsche Bank is emerging as an aggressive buyer of non-performing shipping loans in the Italian market. Sources tell Splash that the German lender has recently bought from Italian’s Banco Popolare a credit worth m with RBD Armatori shipping company linked to an aged panamax bulk carrier, while a further m credit was purchased from Commerzbank […]

  • Henriksen Unveils Strongest SOLAS Boat Lifting Hook

    Nov 27, 2015 | 02:00 am

    H Henriksen of Norway has received SOLAS certification for a new off-load single-point boat lifting hook capable of holding up to 22.5-tonnes. The quick release

  • S&P Raises Steamship Mutual outlook to Positive

    Nov 27, 2015 | 01:57 am

    Poor’s has revised its outlook on Steamship Mutual to Positive from Stable. The A- financial strength rating has been reaffirmed.In their announcement Standard

  • SSA Welcomes Decision To Extend BEO

    Nov 27, 2015 | 01:55 am

    The Singapore Shipping Association (SSA) has welcomed the decision by Singapore’s Minister for Trade and Industry to extend the Competition (Block Exemption

  • ZIM Integrated Shipping Remains Profitable

    Nov 27, 2015 | 01:53 am

    Despite challenging market environment with freight rates reaching historic lows in several key trades,  ZIM Integrated Shipping Services continues to outperform

  • Dan-Bunkering Appoints Bara as Bunker Trader

    Nov 27, 2015 | 01:52 am

    Dan-Bunkering (Middle East) DMCC is pleased to announce that Lamin Bara has joined the office in Dubai as Bunker Trader as per 1 November 2015.Lamin was

  • Moore Stephens Highlights Potential Tax Issues for Shipping

    Nov 27, 2015 | 01:51 am

    As part of the Government’s drive to encourage voluntary compliance with the tax rules, it will legislate to introduce a new requirement that large businesses

  • Reprieve for STX

    Nov 27, 2015 | 01:40 am

    While other Korean yards have gone to the wall this year, STX Offshore & Shipbuilding looks set for a reprieve. Once the world’s fourth largest shipbuilder STX has been brought low largely by the antics of Kang Duk-soo, the founder of the STX Group who was jailed for corruption. Creditors have now decided, local media […]

  • DBR: Dalian calling

    Nov 26, 2015 | 22:10 pm

    Dalian Jifa Bohai Rim Container Lines (DBR), an affiliate company of Dalian Port Group, is looking to further expand its business with eyes on the international market. The company mainly operates feeder shipping services in the Bohai Rim region. It also provides international feeder services to Japanese ports including Hakata, Moji, Nakanoseiki. Dalian Port, an […]

  • Titan takes on the contradictions

    Nov 26, 2015 | 04:58 am

    The Port of London Authority had a conundrum: they needed a vessel with a big pull yet shallow depth, packing heavy lift equipment while subject to air draft restrictions, capable of meeting fast running tides but still efficient enough for general use.

  • 24 hours in a liferaft

    Nov 25, 2015 | 11:28 am

    Twelve brave volunteers from Maersk Training in Newcastle, UK took part in a gruellingly physical and mental challenge by spending 24 hours at sea in a small life raft.

  • Vesper releases new AIS transponder

    Nov 25, 2015 | 10:49 am

    New Zealand-based manufacturing company, Vesper Marine, has released a new Class B AIS, the XB-6000.

  • Alaska buys out TransCanada’s share of LNG project

    Nov 25, 2015 | 08:31 am

    The US state of Alaska has made a .6m deal to buy out TransCanada’s stake in the Alaska LNG project which would transport natural gas by pipeline to a coastal liquefied natural gas (LNG) conversion and export plant at Nikiski. The shipment of LNG by sea is expected to be a boom business in coming […]

  • Jotron equips survival expedition

    Nov 25, 2015 | 07:33 am

    Norwegian communications expert, Jotron AS, has equipped the two balsa rafts taking part in the Kon-Tiki2 survival and science expedition.

  • Tender tracker from Furuno

    Nov 25, 2015 | 06:43 am

    Carnival Cruise Line is installing a tender tracker developed by Japanese marine electronics giant Furuno on several of its cruise ships. Tender trackers are not new but this new Furuno developed system takes tracking one stage further by incorporating a degree of control, communication and monitoring that goes way beyond what normal trackers can offer.

  • Danelec approval

    Nov 25, 2015 | 06:33 am

    Denmark-headquartered marine electronics company Danelec Marine has announced that classification society DNV GL has awarded a type approval certificate with EU Wheelmark designation for the new DM800 ECDIS G2 series Electronic Chart Display and Information System (ECDIS).

  • Barcelona refurbishment

    Nov 25, 2015 | 06:21 am

    Almarin, a Spanish manufacturer of Marine Aids to Navigation, has carried out the design, supply and installation of three lantern rooms with their respective domes for the Port of Barcelona, Spain.

  • Singapore extends competition exemptions for liner shipping agreements

    Nov 25, 2015 | 04:58 am

    Singapore’s Ministry of Trade and Industry (MTI) is to extend the block exemption order (BEO) for liner shipping agreements (LSAs) for another five years until December 31, 2020. The BEO exempts liner shipping agreements from the prohibition against anti-competitive agreements included in Singapore’s Competition Act, provided certain conditions and obligations are fulfilled. The exemptions include […]

  • MMC moves for Northport

    Nov 25, 2015 | 02:38 am

    MMC Corp, the operators of two key ports in Malaysia, has moved to takeover another one. MMC is increasing its stake in NCB Holdings, following overwhelming shareholder approval today, with a view to taking over the company which controls Northport in Port Klang. MMC already operates Johor Port and the Port of Tanjung Pelepas. The […]

  • Crane collapses at Vietnamese port

    Nov 25, 2015 | 02:15 am

    Emergency teams have been working throughout the day to free workers who were trapped when a port crane collapsed late last night at Tan Thuan Port in Ho Chi Minh City. The number of fatalities and injured people remains unknown. The crane collapsed at 23.30 hrs last night while offloading cargo from a Vietnam Ocean […]

  • Poles accused of bribery in escalating Port of Tallinn scandal

    Nov 25, 2015 | 00:22 am

    Estonian authorities are investigating a bribery scandal linking Polish shipbuilders with the Port of Tallinn. The Estonian Prosecutor General’s Office has filed allegationss against two managers of a Polish shipbuilding company as part of a corruption investigation relating to the state owned company Port of Tallinn. “Two people in management positions with the Polish shipbuilding […]

  • High-tech lightweight load lugger

    Nov 24, 2015 | 11:56 am

    A Sloveian company, Hovercraft, has developed type of inflatable boat that could provide a new concept for transporting contractors' equipment and for flood rescue. The use of inflatable panels in the construction of the Ferryboat makes the structure extremely light and portable yet in its inflated form is can transport vehicles and small construction items such as tractors and excavators.

  • Multiple steerable propeller contract

    Nov 24, 2015 | 11:39 am

    Rolls-Royce has signed a contract for the delivery of 12 azimuth thrusters to Sanmar Shipyard in Turkey, with an option for an additional 30 units.

  • Polar research ship contract for Cammell Laird

    Nov 24, 2015 | 10:31 am

    British shipyard Cammell Laird has won a contract to build a new £200m polar research ship.

  • Bomb scare at Limassol port

    Nov 24, 2015 | 02:53 am

    Police combed through Limassol port yesterday after a bomb threat was made in the morning. No explosive device was found and operations quickly resumed as normal. A phone call was made at about 09.30 hrs to transport police by someone who spoke broken English, police said. The call comes at a time when police and […]

  • Strikes to stall container terminals at Rotterdam Port

    Nov 24, 2015 | 02:38 am

    Strikes will be held at three major container terminals at the port of Rotterdam, after the FNV Havens union voted to hold a series of walkouts in protest to possible redundancies. The Europe Container Terminals (ECT), APM Terminals (AMPT) and Rotterdam World Gateway (RWG) facilities will see a series of 24-hour strikes for three days in […]

  • Pelindo II outlines port development plans for 2016

    Nov 24, 2015 | 01:20 am

    State port operator PT Pelabuhan Indonesia (Pelindo II) will build two new ports next year and upgrade Cirebon Port in West Java. The new ports will be in Sorong, West Papua, and in Kijing, West Kalimantan. Pelindo II currently manages 12 ports in 10 provinces. Kijing will be a 1m teu boxport plus it will […]


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