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Swee Joo in default
Malaysian bulker and boxship owner in talks with banks after being unable to meet debt repayments.
Free News
Pride mends drillship pact
Battle between BP and New York-listed drilling giant squashed as parties agree to amend vessel dayrate.
Wan Hai winning again
Taiwanese boxship player continues to forge ahead in 2010 after dire previous year.
Banks back Ridgebury's IPO
Ridgebury Tankers ups the ante as UBS and Wells Fargo join Jefferies and Bob Burke on $341m road to Wall Street.
MOL depreciates to accumulate
Japanese owner reportedly extends LNG carrier depreciation period, boosting bottom line.
Free News
Heavyweights in K-Sea splash
First Reserve and Kayne Anderson inject cash into US tug and barge owner.
Yangzijiang prices IPO high
Ren Yuanlin-led shipbuilder eyes full $113m as receipts for proposed Taiwan listing go for top dollar.
Free News
Harren hands over OIG seat
Former Ocean Rig chairman steals top spot from Peter Harren as OIG Offshore closes in on Norwegian IPO.
Free News
CMA CGM sheds the red
Jacques Saade-led liner giant says cash injection still in the cards as 41% jump in revenue reverses first-half loss.
Eidesvik ponders Green bid
Norwegian shipowner Kristian Eidesvik is mulling Green Reefers takeover offer after taking stake beyond 40%.
Wadan still troubling STX
Provisions following failure of Wadan Yards again send Europe’s largest shipbuilder to quarterly loss.
Eimskip holds profitable course
Restructured Icelandic container line turns around last year’s losses in first half as second quarter volumes grow.
Danaos still in the red
John Coustas-led containership company books another quarterly loss, but vessel costs decline.
Tianjin stake buoys TPDH
Income from Tianjin Port stake lifts interim profits at Tianjin Port Development Holdings.
Free News
Teekay Corp dropping down four
Teekay Corp ready to sell Petrobras chartered FPSO and shuttle tanker trio to a daughter company following fixtures fest.
Latvian passes lowest point
Historically bad products tanker market clobbers Riga owner in first half, but it sees reasons to be cheerful.
CMB board approves payout
Investors jump for joy as Benoit Timmermans-led parent of bulker owner Bocimar hangs on to interim dividend.
Sea Star settles Puerto Rico suit
US liner player pays $18.5m to resolve long-running anti-trust case.
Free News
Saga Tankers ready to swoop
Arne Blystad-led tanker owner is looking to buy as soon as equity and S&P windows align.
ABG close to Offshore exit
Indian shipbuilder sells another slice of owner Great Offshore after failed takeover.
COSL sees profits double
Increased revenues and lower costs help boost interim bottom line at China Oilfield Services.
K-Sea makes Wall Street wait
US tug titan postpones investor pow-wow while it irons out credit facility and $85m equity injection.
BWO back in the red
FPSO player slips to a loss in second quarter following return to the black earlier in the year.
Free News
Seadrill lower on costs
Profits at Fredriksen-controlled drilling outfit slide on higher expenses and derivative losses.
Navios nets VLCC cash
New York-listed Navios Maritime Acquisition secured funds to see through seven-tanker swoop.
Ezra looks to raise funds
Singapore offshore player looks to raise gross proceeds of $114.5m from 1-for-5 rights issue.
NOCC slips into the red
Norwegian Car Carriers sees results nose dive as it experiences “difficult car carrier market”.
Goldenport sinks to first-half loss
Paris Dragnis-led boxship and bulker owner in the red as operating fleet shrinks and rates wane.
Pertamina to spend $600m
Indonesian owner eyeing 18-ship tanker splurge as it readies massive war chest, report claims.
Saudi JV eyes bulkers
Panamaxes on the menu for new joint venture firmed up between NSCSA and Arasco.
‘Unviable’ MMM slumps to loss
Troubled Malaysian Merchant Marine “pessimistic” about finding solution as first quarter turns red.
Shin Yang posts profit
Newly-listed diversified shipowner in black for the year, reports COA and newbuilding deals.
Costs hurt Global Carriers in Q2
Malaysian tanker owner adds tonnage but extra operating expenses and a dry-docking widen loss.
NYMET eyes fresh fixtures
New York-based commodities trader hunts bulkers on the heels of $120m iron ore deal and Dahlman Rose pact.
STX’s Daehan bid 'fails'
Korean yard giant’s offer for struggling compatriot yard knocked back by KDB, report claims.
Top Jobs
- Capture Team Leader
Wärtsilä
- 2008 M. general cargo, 3002 DWT, 2008 Viet nam
Next bid: US$ 1800000
- 1987 Fishery patrol ship, Mitsubishi, ex Japan
Next bid: US$ 400000
- 2010 IHI HVL DSS motor
Next bid: US$ 5000
- 1981 Container carrier Ship
Next bid: US$ 3400000
- ALFA LAVAL TITANIUM PLATE HEAT EXCHANGER
Next bid: US$ 50
- 1998 Mitsubishi S6N-MTK 560PS
Next bid: US$ 20000
- Yanmar 6HA-HT marine engine
Next bid: US$ 8000
- Man (MTU) engine w/ gear box
Next bid: US$ 20000
- 1997 Yanmar 6LA-UT marine engine
Next bid: US$ 23000
- 1997 Yanmar 6LAH-ST
Next bid: US$ 25000