Over-Optimism Cause of Liners’ Woes?

Boxship

Daniel Richards, container shipping analyst at MSI, comments on the state of play in the market.

Chinese Boxship Sinks

Chinese container ship Tao Yan sank following a collision with another container ship Gang Tai Tai Zhou on August ...

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TORM Secures Loan Extension

Danish-based shipping company TORM has reached an agreement in principle to extend its working capital facility and ...

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Wärtsilä Secures Work with Greek LNG Shipowners

Wärtsilä has signed Technical Management Agreements with four Greek liquefied natural gas (LNG) ship owners, Maran ...

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UASC Secures Cash for Its Two Giant Box-Ships

United Arab Shipping Company S.A.G. (UASC) has concluded a bilateral facility worth USD 190 million with Burgan ...

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Bahri Secures Funding to Replace Vela Acquisition Debt

The National Shipping Co. of Saudi Arabia (Bahri) informed that it had signed a Murabaha financing agreement on ...

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Yangzijiang Secures First 260,000DWT VLOCs Order

Yangzijiang Shipbuilding (Holdings) Limited has secured a shipbuilding contract for four 260,000DWT very large ore ...

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Gazprom Secures 3 Mln Tons of LNG from Yamal Trade

Heads of Agreement to supply up to 3 million tons of liquefied natural gas (LNG) per year by Yamal Trade to Gazprom ...

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Thrustmaster Secures Propulsion Deal at OTC

Thrustmaster of Texas, a manufacturer of commercial marine propulsion equipment based out of Houston, closed out ...

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Secunda Secures Charter for Its Newbuild OSV

Secunda Canada LP, which is 50% owned by Siem Offshore, has entered into an agreement with Hibernia Management and ...

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EMGS Secures More Cash for 3D EM Survey in US Gulf of Mexico

Electromagnetic Geoservices ASA (EMGS) has received additional pre-funding for the ongoing Daybreak 3D multi- ...

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Prosafe Secures New Contracts for Its Accommodation Rigs

Prosafe and BG Group have agreed a change to the Safe Bristolia accommodation support vessel work programme in 2014 ...

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Saipem Secures Charter Extension for CSV Normand Cutter

Saipem Ltd has declared their option to extend the contract for the construction vessel (CSV) “Normand ...

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Seaway Secures Transportation Contract for Dudgeon OW ...

Dudgeon Offshore Wind Limited has awarded Seaway Heavy Lifting the contract for the transportation and installation ...

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EDT Offshore Secures Charter Contract for PSV EDT ...

Aberdeen-based Specialist Subsea Services (S3) has signed a charter with EDT Offshore for the EDT Hercules vessel. ...

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Island Offshore Secures Several New Contracts

In the last four months Island Offshore has secured new contracts, as well as extensions of existing contracts, ...

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Otto Marine Secures Charter Contracts for Three AHTS Vessels

Otto Marine Limited, (Otto Marine) has secured a charter contract worth US$24.9 million for three offshore support ...

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VARD Secures Its Largest Single Vessel Order

Vard Holdings Limited (VARD) has entered into a Letter of Intent with Solstad Offshore (Solstad) for the design and ...

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Australia: Austal Secures Design Contract for Two HSSVs

Austal Limited has been awarded a contract from a naval customer in the Middle East for the design, construction ...

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Austal Secures Post-Delivery Support Contract for USS Jackson

Austal Limited (Austal) has been awarded a contract for post-delivery support on USS Jackson (Littoral Combat Ship ...

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Norway: Bergen Group Secures Maintenance Contract for ...

Bergen Group Services has won a long-term service and maintenance contract for several vessels operated by the ...

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Scorpio Bulkers Secures Five Charter-In Agreements

Scorpio Bulkers Inc. has received a commitment for a $67.5 million Loan Facility and agreed to time charter-in five ...

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