Bulker and tanker manager Navig8 exits the dry-bulk sector following a drop in a number of vessels under the pool operator’s commercial management since the Baltic Dry Index hit an all-time low in February 2016.
South Korea’s HHI, the world’s largest shipbuilder expects to strengthen its competitiveness following the spinning off of its business divisions.
As part of the forthcoming IHS DPC feature on dredging and port software, Tony Slinn talks to key sector companies to discuss trends and influences
John Fredriksen's dry bulk and OSV interests may have turned the corner, but Seadrill, his drillship and rig operating company, has yet to find a way out of its predicament.
Lloyd’s has launched a new data-driven methodology, which categorises casualty events based on a company’s business activities, its products and services, operations, and infrastructure, and maps the economic relationships that reflect the journey of products and services through the economy.
Subject to approval by antitrust authorities, the parties are aiming to close the transaction by the end of the year.
Former maritime sceptics at the Bank of Cyprus are now convinced that ship finance is the way forward as the bank recovers from the Greek financial crisis – but are determined to keep their investment local, according to the new head of its ship finance division.
The agreement is the third insurance MOU struck between Guernsey and China in the last nine months, with Guernsey expected to see an influx of Chinese firms, including those with marine interests, looking to use the Channel island as a captive domicile.
Hanjin Heavy Industries & Construction’s Subic Bay yard in the Philippines will enter into a debt-for-equity swap as the company seeks to restructure its debt with creditors.
State-run KDB is considering an additional bailout package for South Kore’s troubled DSME amid concerns that the shipbuilder is having difficulty meeting its obligations on bonds maturing in April.