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.


HHI shipyard

South Korea’s HHI, the world’s largest shipbuilder expects to strengthen its competitiveness following the spinning off of its business divisions.


DEME’s newbuilding Bonny River is to get the first DP2 dynamic positioning system. Credit: Royal IHC.

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


Seadrill is trying to avoid filing for bankruptcy protection.

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.


Tianjin port

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. 


Hamburg Sud

Subject to approval by antitrust authorities, the parties are aiming to close the transaction by the end of the year. 


Louis Pochanis, Bank of Cyprus' director international banking, wealth and markets

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.


Guernsey has struck several insurance MoUs with China in recent months.

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 yard.

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.


Korea Development Bank

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.