By Reuters 2015-04-28 09:07:53 Brazilian oil company Petrobras' $17 billion write-down, announced last week, may have been meant to close the accounting on a sprawling corruption scandal, but could ...
Petrobras Writedown May Aid Class Action Suit
DEME orders first two LNG powered dredgers
Belgian dredging group DEME has ordered what it says will be the world's first two liquefied natural gas (LNG)-powered dredgers from Dutch shipbuilder Royal IHC for an undisclosed price. The two ...
Ocean Rig delays drillship deliveries from SHI
George Economou's Ocean Rig is delaying the deliveries of two drillships it ordered at Samsung Heavy Industries (SHI). The two drillships, ordered in April, were originally scheduled for delivery in ...
Golden Ocean still threatened by weak markets, despite breathing space
Ship sale and leaseback deals together with the postponement of deliveries of newbuildings unveiled yesterday has given Golden Ocean Group (GOGL) breathing space. However, the threat from the ...
BHP shelves Hedland port expansion
BHP Billiton has announced that it is slowing iron ore output and shelving a USD500 million port expansion plan at the Port of Hedland inner harbour. In its operational review for the nine months that ...
CIMC profit surges 289% in Q1
Shenzhen-listed China International Marine Containers (CIMC) posted profit of CNY497million (USD80 million) for the first quarter of 2015, surging 289% from the profit of CNY128 million in the first ...
D’Amico enters long-range tanker market
Italian product tanker specialist D'Amico International Shipping (DIS) is to extend its activities into the long-range product tanker market with a USD 88 million order for two 75,000 dwt vessels from ...
Changhang Phoenix to do well in H1
Changhang Phoenix, a bulk carrier operating unit of Sinotrans&CSC, predicted on 28 April that it would remain in the black for the first half of 2015, as it seeks to resume the trading of company ...
BW LPG extends VLGC fleet expansion by exercising option
BW LPG, the world's largest VLGC owner, says it has exercised a purchase option for a vessel it has operated on charter about a fortnight after it announced the purchase of four newbuilds. The ...
VLGC rates near USD100/tonne again
Rates to haul LPG on very large gas carriers (VLGCs) on the benchmark Gulf-Asia Pacific route are touching USD100 per tonne again, as more tonnage is being diverted to the West-of-Suez. As of 27 ...
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