The Houston-based NASDAQ-listed drilling contractor Hercules Offshore Inc. (HERO) has entered a restructuring agreement with a noteholder group, and expects a prepackaged reorganization plan. HERO says the agreement will convert $1.2B of debt to new common equity…
Knutsen NYK Offshore Tankers AS (KNOT) has concluded a time-charter contract with Brazil Shipping 1 Limited, a subsidiary of the U.K. energy supplier BG GROUP PLC. This contract is for a maximum 20-year period starting from the second…
Three commercial ships were boarded by pirates within just three hours of each other in Straits of Malacca and Singapore (SOMS), the ReCAAP Information Sharing Centre (ISC) has reported. The vessels have been identified as the Brazilian-flagged bulk carrier MV Densa Shark…
United Shipbuilding Corporation (USC) has taken on 53.5122% of the voting shares of the long planned Far Eastern Plant Zvezda shipbuilding complex in Russia’s Far East. Zvezda (a company of the Far Eastern Shipbuilding and Ship Repair Center…
Indian shipping company Great Eastern Shipping has announced that its wholly owned subsidiary, Greatship, has sold and delivered anchor handling tug supply (AHTS) vessel Greatship Akhila (7,080 bhp, built 2009) to unnamed buyers. 'Greatship (India) Ltd (GIL)…
The National Oceanic and Atmospheric Administration (NOAA) broadcasted an advisory concerning populations of endangered whales off the coast of California, stating large numbers of endangered whales are being observed along the coastline. Voluntary…
David Bratton has been promoted to general manager of diesel engine sales and repair specialist Bay Diesel & Generator in Richmond, Va. Bratton joined Bay Diesel four years ago as a territory sales manager, bringing to the company more than 20 years of experience in the diesel engine field…
Norbulk Shipping UK Ltd, a company based in Glasgow, U.K., and operator of the reefer cargo ship M/V Murcia Carrier, pleaded guilty to failing to maintain an accurate oil record book in violation of the Act to Prevent Pollution from Ships (APPS) and providing false statements to the U…
After the first day of Seawork International, nearly 300 exhibitors packed The Vestry, Southampton, to enjoy canapés and bubbles at Seawork’s Network and Awards Evening, and to find out the winners of the Innovations Showcase, the Sprit of Innovation Award…
Performance Yacht Painting (PYP), a specialist in superyacht and megayacht paintwork, announced that it has completed the acquisition of Hydrasud activities at la Ciotat in the South of France. Founded over 10 years ago within the La Ciotat shipyards…
Broward College, Crowley, SIU to take part in daylong event Most people don’t realize what an important role the world’s 1.5 million seafarers play in our global economy. Without them, the bulk transportation of important raw materials, food…
AKD said it has strengthened its position in the shipping and offshore sectors with the arrival of two senior executives.Pieter den Haan, a specialist in handling maritime casualties, with particular expertise in major collision cases as…
Port Manatee is adding a 2-acre cargo pad to support storage of prilled sulphur, a new commodity for the Florida Gulf Coast port. Under an agreement signed Tuesday, June 16, with longtime port tenant Gulf Coast Bulk Equipment Inc., construction…
General Authority for the Security of Ports, Borders and Free Zones and Abu Dhabi Ports establish training program to reinforce comprehensive protection standards; MoU to improve ports and ports systems protection, initiating security training…
Moody's Investors Service has changed to stable from negative the outlook on the B2 corporate family rating (CFR), the B2-PD probability of default rating (PDR) and the Caa1 senior unsecured rating of Hapag-Lloyd AG. Concurrently, Moody's has…