Oil and gas equipment supplier Baker Technology on Thursday made a mandatory unconditional cash offer for all the shares in CH Offshore, a vessel chartering firm.'BT Investment (BTI), a direct wholly-owned subsidiary Baker Technology, has announced…
For the second quarter ended 30th June 2018, total volumes were 4.6% up from the same period last year said Orient Overseas (International) Limited. Total revenues increased by 4.0% to US Dollars 1,462.4 million.Loadable capacity increased by 4…
Diana Containerships reported a net loss of $42.3 million for the second quarter of 2018, compared to net income of $36.5 million for the same period of 2017. The loss for the second quarter of 2018 includes $15.6 million of impairment charges of one vessel and $19…
The port of Rotterdam achieved throughput of 232.8 million tonnes in the first six months of 2018. That is 2.2% less than in the first six months of 2017.Container throughput, one of the strategic priorities of the Port Authority, rose by 5…
Monaco-based international shipping company Scorpio Bulkers announced that it has received a commitment from ABN AMRO Bank N.V. and Norddeutsche Landesbank Girozentrale for a loan facility of up to USD 60 million.The loan facility will be used…
Liberia is the fastest growing major open registry in 2018 in both the shipping and offshore sectors, according to shipping services provider Clarksons in its Clarksons World Fleet Monitor June 2018.Alfonso Castillero, CCO of the Liberian International Ship & Corporate Registry (LISCR)…
Mauritius has become the 15th signatory to the Jeddah Amendment to the Djibouti Code of Conduct – the instrument developed and adopted by countries in the Western Indian Ocean and Gulf of Aden that has been a key factor in repressing piracy and armed robbery against ships operating in that region…
Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea after Yemen's Iran-aligned Houthis attacked two crude tankers, underscoring risks caused by the conflict in the world's top oil exporting region.Iran, in its row with the United States over sanctions…
APL Logistics and K Line have announced that they have settled in a legal dispute, that sparked when employees from the logistics company spread bankruptcy rumours about the Japanese carrier.'In September 2016, employees of APL Logistics Ltd…
TOP Ships, an international owner and operator of modern announced that, effective immediately, it is terminating the equity distribution agreement with Maxim Group LLC providing for the “at-the-market” equity offering program (ATM Offering)…
Diana Shipping announced that on July 23, 2018, it received the full and final repayment of the loan to Diana Containerships Inc.Simeon Palios, Director, Chief Executive Officer and Chairman of the Board of the global shipping company specializing in the ownership of dry bulk vessels…
ABB will acquire Intrion, a privately owned company headquartered in Huizingen, close to Brussels, with approximately 120 employees and over a decade of experience in logistics automation solutions and services for the warehouse and distribution…
A gas explosion has taken place at the Volzhsky Ship Repair Yard in Russia’s Volgograd Region, Tass reported quoting a source in the regional head office of the Russian Emergencies Ministry.The report said quoting unnamed sources said at least…
Seoul-listed South Korean shipbuilder Samsung Heavy Industries (SHI) sunk into the red in the second quarter, on increased costs and one-off losses.SHI said in a regulatory filing that it posted a net loss of 142.7 billion won ($126 million) in the second quarter…
With a net profit of USD 0.8 million, Scorpio Bulkers shows positive results in the second quarter of 2018 compared to a net loss was USD 13.4 million for the the same period in 2017.Total vessel revenues for the second quarter of 2018 were $60…
