A bulker in Premuda's fleet.

The future now looks brighter for Genoa-based bulker and tanker operator Premuda.

The busy east Chinese ports of Nanjing and Lianyungang will now fall under the new Jiangsu Port Group as the provincial government moves to integrate its regional resources.

Emanuele Grimaldi, Grimaldi group managing director.

Dire market conditions on the dry bulk market has caused serious financial problems for Genoa-based Premuda and Naples-based Giuseppe Bottiglieri Shipping.

Busan Port, Korea

The Korea Oil Supply Shipowners’ Association is in new negotiations with the country’s oil refiners to raise operating fees to avert strike action.

Allianz Radiance Pte Ltd will operate in Egypt and the Gulf Cooperation Council region. Credit Dietmar Hasenpusch

Pacific Radiance and Allianz Offshore Middle East Ltd have established a joint venture that focuses on oil and gas assets in Egypt and Gulf Cooperation Council (GCC) countries. 

A Chinese construction company was engaged to deepen the approach channel and alongside depth of the Ukrainian port of Yuzhny, as the government steps up efforts to secure investment under the Belt and Road programme. 

PT Marcopolo Shipyard could be placed in bankruptcy should the court-led restructuring fail. Credit: Dietmar Hasenpusch

PT Marcopolo Shipyard, a wholly owned subsidiary of beleaguered Marco Polo Marine could be placed in bankruptcy should the court-assisted debt restructuring fail. 

Singapore-listed Rickmers Maritime trust announced in April it was winding up. Credit: Dietmar Hasenpusch

Singapore’s Rickmers Maritime trust, which announced in April it was winding up, makes a USD4.7 million voluntary prepayment to its lenders. 

Jenna Brown and Fabian Blaicher

A start-up solutions provider has developed a cloud-based platform to ease the burden of booking dry bulk ships.

Hoisted Sewol

Partial remains of two more victims have been identified following the Sewol ferry disaster in 2014, which left 304 people dead or missing.