Shandong Shipping is planning a Hong Kong stock market launch for its very large gas carrier (VLGC)-owning unit. The Singapore-based unit, Pacific Gas, is likely to be floated in one or two years, ...
Shandong Shipping to IPO VLGC unit
China Exim Bank finances billion-dollar Teekay China yard orders
The Import & Export Bank of China (China Exim Bank) on 23 September signed a deal with Teekay to provide USD1 billion in financial support for Teekay's orders for high-end ships at major Chinese ...
Nanjing Shenghang Shipping to raise funds
Nanjing Shenghang Shipping, a small-sized Chinese chemical and products tanker owner and operator, will raise a total of CNY20.25 million (USD3.16 million) in a private placement. The proceeds reaped ...
Rena fate divides Maori
Three weeks into the hearings over the fate of the Rena wreck on New Zealand's Astrolabe Reef, local Maori communities remain divided on whether the Rena should stay or go. Owner Daina Shipping has ...
India dumps ‘archaic’ shipping rules
India has begun to phase out archaic shipping rules and procedures in earnest, Director-General of Shipping Deepak Shetty told the INMEX SMM India 2015 Conference in Mumbai on 23 September. The ...
Caribbean consolidation continues
Crowley Maritime has signed a letter of intent to acquire Florida-based SeaFreight Agencies, further evidence of consolidation in the Caribbean container sector. "Both companies are currently working ...
Danaos joint venture buys trio
NYSE-listed Danaos Corp has launched a new joint venture to acquire second-hand container ships at the bottom of the cycle. The joint venture, Gemini Shipholdings, is 49% owned by Danaos and 51% owned ...
DSME bosses deny corruption fuelled huge losses
Daewoo Shipbuilding & Marine Engineering's (DSME's) CEO and his two predecessors are denying that misconduct led to its recently announced loss of KRW3 trillion (USD2.5 billion) from offshore ...
Exmar-Flex LNG merger falls through
A plan to merge the LNG carrier interests of Exmar, Flex LNG, and Geveran Trading has been scrapped, according to a statement from Flex LNG. Although the tie-up had been announced in July, it has now ...
Sinopacific clears up Dayang Shipyard wage dispute
Sinopacific Shipbuilding Group has resolved a confrontation with subcontracted workers at Dayang Shipyard over unpaid wages, says the shipbuilder. Due to the company's recent equity restricting and ...
Footer
