Brightoil In for Ten Vessels
Singapore Subsidiary and Shenzhen Brightoil Shipping yesterday entered into the Vessels Acquisition Agreement, pursuant to which Shenzhen Brightoil Shipping agrees to sell, and Singapore Subsidiary agrees to purchase ten Vessels for a total cash consideration of US$84,000,000 (equivalent to approximately HK$651,030,240). Shenzhen Brightoil Shipping is a connected person of the Company under the Listing Rules.
Hapag-Lloyd to Replace Vessel on Conosur Service
Hapag-Lloyd informed that their vessel Hammonia Massilia Voyage 051W on our Conosur Service (South America West Coast to South America East Coast Service) will be replaced by Niledutch Antwerpen voyage 001W. The plan for the phase in/out is as follows: Hammonia Massilia 051W will phase out at Guayaquil on January 19, 2016 Niledutch Antwerpen 001W will phase in at Callao on January 20, 2016
Scorpio's Reverse Stock Split
Scorpio Bulkers Inc. informed yesterday that its board of directors has determined to effect a one-for-twelve reverse stock split of the Company's common shares, par value $0.01 per share, and a reduction in the total number of authorized common shares to 56,250,000 shares. The Company's shareholders approved the reverse stock split and change in authorized common shares at the Company's special meeting of shareholders held on December 23, 2015.
US Midwest Rivers Closures, Restriction
The Coast Guard has issued a number of river closures and restrictions in response to floods in the Midwest. To keep the public and professional mariners apprised of changes to river traffic…
Fatality on COSL Rig Confirmed
Statoil and COSL have confirmed report from the police sources that one person has died as a result of the breaking wave that hit the drilling rig COSL Innovator today. Two other people were injured and are receiving medical treatment ashore. The rig is now heading to shore under its own power, while evacuation takes place. COSL and Statoil were notified at 5 pm on Wednesday 30 December that three people had been injured when a breaking wave hit COSL Innovator.
Change in Triyards' Address
The Board of Directors of Triyards Holdings Limited announced that with effect from 1 January 2016, the address of their registered office of the Company and its Singapore incorporated subsidiaries will be changed from its present location at 15 Hoe Chiang Road #28-01 Tower Fifteen Singapore 089316 to: 51 Shipyard Road Singapore 628139
Genel Energy's Aigle-1X Comes Dry
Genel Energy plc ('Genel') announces that the Aigle-1X exploration well on the CI-508 licence offshore Côte d'Ivoire (Genel 24% working interest) is in the process of being plugged and abandoned after failing to encounter hydrocarbons. The completion of this well concludes Genel's committed Côte d'Ivoire drilling programme.
Labour Shortage, Customs Red Tape Affecting Trade at MbPT
Mumbai and Nhava Sheva Ship Agents Association (MANSA) has conveyed their disappointment to Mumbai Port Trust (MbPT) over the extreme inconvenience faced by vessels calling at the port due to acute shortage of cargo handling workers. MANSA, in a letter addressed to the Chairman of Mumbai Port Trust states, “The Port is not in a position to allot the required number of gangs for ensuring normal rate of operations of discharge / load the vessels.
MSC Tests Iranian Waters
The Geneva-based Swiss company, Mediterranean Shipping Company S.A. (MSC), which is the world’s second-largest shipping line in terms of container vessel capacity, has returned to Iran more than six years after it docked at an Iranian port the last time. According to Tasnim news agency, the Swiss ship MSC Domitille arrived at the second terminal of largest Iranian port Shahid Rajaee on Thursday. This follows the implementation of a recent nuclear deal between Tehran and world powers…
Dragon Flexes Naval Muscle With 2nd Aircraft Carrier
China has confirmed it is building a second aircraft carrier in a move that is likely to further inflame tensions with its regional rivals over the South China Sea. Beijing wants to exert its presence in the South China Sea, after complaining of “provocations” from the US, as well as defending its interests in the region. According to Defense Ministry spokesman Yang Yujun, construction of the conventionally powered carrier…
Reederei NSB Widens Panamax-class Container Vessels
In an unprecedented endeavour, the ship manager Reederei NSB is widening its Panamax-class container vessels. DNV GL, the class in charge, is on board, says a report in DNV GL, Maritime Impact. Too young for scrapping, too old to compete: Roughly 500 Panamax-class container ships are currently less than ten years old, barely half their useful life. But facing overcapacities, low charter rates and ierce competition, the Panamax class is under intense pressure.
Cleaning Up Ship Recycling
When a ship is sent to die, 95 per cent of its components live on. But the safety and sustainability record of ship recycling yards could be improved. MARITIME IMPACT explains how EU regulations aim to achieve this. Every year up to 1,500 ships are recycled to rejuvenate the world leet and reclaim valuable materials such as steel, aluminium and copper. The majority of these vessels are recycled in India, Pakistan, Bangladesh, China and Turkey. Conditions at shipbreaking yards vary.
Reefers Segment to Witness Highest Growth by 2021
Shipping containers are defined as containers that facilitate the transport and carriage of goods without the need to unload and/or reload the cargo at intermediate points. These containers are large rectangular boxes made of a special corrosion resistant grade of steel and are characterized by high strength and durability. Containers are generally made up of aluminum and steel. The size and type built…
China's Wuzhou Ship Repairing Goes Bankrupt
China's state-owned shipbuilder Zhoushan Wuzhou Ship Repairing & Building Co. Ltd (ZWSRB) is first government-backed shipbuilder to go under since sector started having problems last year. Zhoushan Intermediate People's Court said it accepted a petition filed by Zhejiang Shipping Group regarding the bankruptcy of a subsidiary called ZWSRB, reports Caixin. The court said it had frozen the assets of Wuzhou Ship Repairing & Building, which was founded in 2001.
Cheniere Begins Production At Louisiana LNG Terminal
Houston-based Cheniere Energy Inc has began production at what will become the first U.S. terminal to export natural gas from shale formations. It has officially flipped the switch at its liquified natural gas (LNG) export terminal in Louisiana, bringing production online to fill its first LNG export cargo set for January 2016. According to Bloomberg, Cheniere Energy is receiving about 50 million cubic feet of natural gas a day.