Rickmers Maritime, which had ambitious plans to expand following an oversubscribed initial public offering in 2007, will be delisting from the Singapore Exchange.
South Korea’s dry bulk owner Polaris Shipping is sending at least three vintage ore carriers that were converted from single-hull oil tankers into cold lay-up following inspections of the company’s fleet in the wake of Stellar Daisy loss on 31 March.
Sentiment on the timing of the crude tanker recovery continues to slide as the outlook for the sector's supply-demand balance worsens
Take-up of the Lloyd’s Open Form has steadied, but debates about its future are ongoing.
Mermaid Maritime recently won two subsea contracts, adding USD4.6 million to its orderbook.
Singapore invests in new medium-altitude earth-orbit search and rescue (MEOSAR) ground system to enhance maritime and aeronautical search and rescue capabilities.
DSME loses Songa Offshore arbitration over costs over-runs and additional work on the rigs, Songa Equinox and Songa Endurance.
The state-backed ship financing company, Korea Shipping & Offshore, is expected to finance 60% of Hyundai Merchant Marine's VLCC newbuildings through the issuance of senior debt.
Erik Thun Group has chosen dual-fuel propulsion systems for a new series of coastal tankers.
South Korean shipbuilder STX Offshore & Shipbuilding clinches another deal for two more chemical tankers.
As Brazil goes, so goes South America when it comes to the economy and trade – and Brazil is now clinging to a tenuous recovery after an extended recession.
Global port and free zone developer DP World signalled its intention to support the goals of the Indonesian government to overhaul its port network and reduce logistics costs as a percentage of GDP.