Bristow Norway AS is commencing a previously announced five-year contract today (September 1, 2018), from its Hammerfest base. Bristow will provide helicopter offshore crew change services and search and rescue (SAR) services to support Eni Norway and Equinor…
ESL Shipping, a shipping company fully owned by Aspo has completed the transaction concerning the acquisition of all the outstanding shares of AtoB@C Shipping AB and AtoB@C Holding AB that offer shipping services.Total of 444,255 new Aspo's…
Cosco Shipping Ports (CSP), one of the world’s largest container terminal operators, said despite the the US-China trade war, as it posted a 70.1 percent jump in adjusted profit for the first six months ended 30 June 2018.'2018 is a year full of challenges…
Tank terminal transactions will further strengthen Odfjell SE but the company experienced another challenging quarter in the chemical tanker markets.The second quarter 2018 results reflect the impact of the sale of the Rotterdam terminal, while…
Qatar is planning to increase maritime shipping lines between with Iran, reported Iran's official media quoting Hadi Haqshenas, deputy head of Iran's Ports and Maritime Organization (PMO) for Maritime Affairs.According to Fars News Agency, Hadi…
Following the publication of the UK Government’s advice on contingency planning for a ‘no deal’ Brexit outcome, the British Ports Association (BPA) has suggested that negotiators have it in their power to agree a deal that would end months of…
Denmark-based shipping company Hafnia Tankers is exploring the possibility of consolidation with BW Tankers, part of BW Group, Hafnia’s CEO Mikael Skov said.In its half year results statement Hafnia said: “Hafnia is exploring the possibility of consolidation with BW Tankers…
ZIM Integrated Shipping Services (ZIM) reported total revenues were $803.2 million in Q2 2018, compared to $745.7 million in Q2 2017, an increase of 7.7%. It carried 772 thousand TEUs, an all-time record (reflecting a growth of 17.1% compared to Q2 2017)…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract (TCC) with Pacific Bulk Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Semirio.The global…
Australia's government has cancelled the live export licence of the country's biggest livestock shipper, Emanuel Exports Pty Ltd, after investigating the death of thousands of sheep during a shipment to the Middle East last year.In a statement issued late on Tuesday…
Venezuela's PDVSA and NuStar Energy LP have reached an agreement over outstanding storage fees, allowing the state-run company to resume use of a key storage terminal in the Caribbean, the U.S. energy firm said on Monday.NuStar had suspended PDVSA several times since 2017 from using its St…
Protection and indemnity club Steamship Mutual P&I Club has been given a licence in Hong Kong by Hong Kong Insurance Authority , its third in the Far East after Singapore and Tokyo.'Hong Kong Insurance Authority has formally authorised the Club to establish a Branch in Hong Kong from 17 August 2018…
Global law firm Norton Rose Fulbright has advised Citigroup and other lenders of Danaos on a $2.2 billion restructuring of NYSE-listed Danaos Corp (DAC), one of the world’s largest independent owners of modern, large-size containerships.Norton Rose Fulbright’s Athens…
Golden Ocean Group Limited (GOGL) reported a net income of $9.0 million for the second quarter of 2018, compared to net loss of $12.0 million for the second quarter of 2017.The Norway based dry bulk shipping company has entered into a $120 million…
The crude oil tanker company operating a fleet of crude oil tankers in the VLCC, Suezmax and Aframax segments, DHT Holdings has reached agreements to exchange existing convertible notes due 2019.DHT Holdings has entered into separate, privately…
