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Chemical tanker coup

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Swedish partners Stena Bulk and Concordia Maritime have confirmed a ten-tanker newbuilding splash in China, including options.

Pallas picks Akdeniz

Samudera sells bulker

DP World banks $138m

Densa cape for George

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Densa Shipping has found work for its latest capesize newbuilding with George Economou’s Classic Maritime, brokers say.

Maersk seals Statoil gig

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Maersk Drilling has secured a potential three-year charter from Statoil for one of its jack-up drilling rigs.

Ultrabulk orders ECO ship

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Ultrabulk is the latest shipowner to join the ECO-design bulker newbuilding bandwagon with orders for up to two ships.

NOL completes cutbacks

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Neptune Orient Lines (NOL) says it has completed the organisational restructuring plan unveiled in May.

Japan eyes Iran bookings

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Japanese shipowners are expected to charter out two VLCCs to lift Iranian crude in late July, the first bookings since EU sanctions created a P&I headache.

Pallas wins charter cash

Traf boosts LPG presence

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Trafigura has expanded its presence in Africa’s LPG business with the acquisition of a terminal in Senegal.

Stolt strong in second

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Stolt-Nielsen’s second quarter results have stacked up well against market expectations.

Sanko to defend assets

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Bankrupt Japanese shipowner Sanko Steamship has vowed to take whatever legal action necessary to protect its assets from creditors worldwide.

Win win for Yuanlin

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Relocation of Yangzijiang Shipbuilding’s Jiangsu yard has played into the hands of the Singapore-listed company, analysts say.

Windfall proves costly


Boson no help for bulk

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There are lots of Higgs bosons around but the discovery that is making headlines around the world appears to offer no short term solution to the crisis in dry bulk shipping.

DFDS clicks into gear

Dockwise into the 90s

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Dockwise has tightened its grip on Faristar after grabbing another batch of shares in its rival.

Cargoship lost off India

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A Maldivian vessel has been arrested after a towing operation led to another cargoship sinking off India.

OCBC praises NOL efforts

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A combination of higher freight rates, lower bunker prices and tough cost cutting measures should spell a turnaround in fortunes for Neptune Orient Lines, an analyst has said.
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