BBC Sapphire

Cutbacks to capacity have seen BBC Chartering's fleet  of 1.67 million dwt eclipsed by CoscoSSC which controls 1.76 million dwt

A brighter outlook may prevail in shipping markets amid upbeat sentiment over the global economy but if year of the dog predictions are correct, the tailend of the year will unleash some challenges

Offshore supply vessel

The tide may finally be turning for the Middle East’s offshore support vessel market, which has struggled since 2016.

1998-built Epic St John

Following a fleet expansion, Singapore-based shipowner Epic Gas reported a USD18 million net loss, but continues to grow the LPG breakbulk trade. 

Hong Kong

Under a memorandum of understanding signed between Wah Kwong and CMB Financial Leasing last week, the two will co-operate on a two plus two order for 120,000 dwt mini-Capesize bulkers at the CSSC shipyard at Guangzhou. Wah Kwong is set to provide newbuilding supervision, commercial and technical ship management.

ICS secretary-general Peter Hinchcliffe

Indonesia's Ministry of Trade issued the decree last year and the policy will be implemented in April, despite concerns that there are insufficient domestic-flagged vessels to support such cabotage.

US investment manager EIG filed a new lawsuit against Keppel O&M. Credit: Keppel O&M

Investment manager EIG Management Company, LLC (EIG) has filed a new lawsuit against Singapore’s Keppel Offshore and Marine (O&M) in the United States District Court, Southern District of New York, in connection with the high-profile Sete Brasil case.

WWL lorries

Two of its operating entities, WWL and EUKOR, have been part of antitrust investigations in several jurisdictions since 2012.

MISC’s chief executive officer, Yee Yang Chien. Credit: MISC

Despite a challenging year for the shipping and offshore sectors, MISC records higher revenue for year ended 2017.