Scorpio Tankers raises growth funds

NYSE-listed Scorpio Tankers is selling equity to purchase even more vessels on top of its already prodigious expansion programme.
The Emanuele Lauro-led product tanker specialist is selling 15 million shares priced at USD9.30/share, a 7% discount from the closing price on 29 April, just prior to
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BP Shipping Turns 100

By MarEx 2015-04-30 09:59:59 BP Shipping today celebrates its 100-year anniversary, making it the longest continually operating company in the BP group. Formed on April 30, 1915 as the British Tanker Company, the business has adapted to significant world events including two world wars, the Great Depression, closures of the Suez Canal, and the impact…

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Second cyclone to cross Pilbarra

Tropical cyclone Quang is forecast to hit Exmouth and the port of Ashburton Saturday morning, according to warnings from the Australian Bureau of Meterology, but bypass the Pilbarra’s main iron ore ports of Dampier and Port Hedland.
Pilbarra Ports today announced they had begun clearing the port of
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Coroner suspects sharks killed seafarer

A Chinese national who disappeared from a Hong Kong-registered bulker last year was probably eaten by sharks, an Australian coroner’s report has concluded.
Sun Peng, 30, disappeared from vessel Great Talent while off the coast of Weipa, Australia on 23 March 2014. He had been involved in a ‘drunken
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Maersk Insists on Release of Seized Vessel

By Reuters 2015-04-30 09:06:02 Denmark’s Maersk shipping said on Thursday it insisted on the release of a vessel and crew seized by Iran, adding it assumed the incident was related to a 2005 court case over uncollected cargo. The Marshall-Islands flagged Maersk Tigris container ship was detained by Iranian forces in the Strait of Hormuz…

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Yangzijiang considers RSHI acquisition

Singapore-listed shipbuilder Yangzijiang Shipbuilding Holdings (Yangzijiang) has set its sight on possible merger and acquisition (M&A) activities for Chinese shipyard Rongsheng Heavy Industries (RSHI).
Yangzijiang told IHS Maritime that it has been approached by the Chinese government to acquire
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