Marine Insight - The maritime industry guide.

Marine Insight - The maritime industry guide.

Marine Insight - The maritime industry guide.

Marine Insight - The maritime industry guide.

Marine Insight - The maritime industry guide.

Belgium’s CMB.TECH and one of Europe’s largest dry bulk owners, Golden Ocean, have signed a term sheet for a stock-for-stock merger that will create a maritime giant with a combined fleet of more than 250 vessels. Under the agreement, unanimously approved…

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated Iranian national and liquified petroleum gas (LPG) “magnate” Seyed Asadoollah Emamjomeh and his corporate network, for his role in shipping hundreds of millions of…

Non-Chinese shipowners can breathe a sigh of relief that they can still order most ship types risk-free in China, according to HSBC, following last week’s decision by the US Trade Representative to water down penalties on Chinese-linked tonnage.  The competitiveness…

A Marshall Islands-flagged chemical tanker was boarded by four individuals some 100 nautical miles southwest of Brass, Nigeria, according to UK maritime security specialists Ambrey. The individuals approached the vessel in a black-hulled skiff. No weapons…

Andrew Craig-Bennett warns about the risks of using prevalent knock-off spare parts. When a new ship leaves her builder for her maiden voyage, she will carry spare parts. We can probably – probably – assume that these spare parts, as well as the renewable…

The pirate attacks keep coming thick and fast in Indonesian waters of the Singapore Strait.  Ambrey, a British maritime security specialist, reports that a Marshall Islands-flagged bulk carrier was boarded by four individuals while transiting eastbound through…

There might be a 12m teu gap between them, but old rivals Hutchison Ports and PSA International are neck and neck when it comes to revenues these days, helping explain what a canny potential deal BlackRock and Mediterranean Shipping Co (MSC) have carved out…

Democratic Party Representative Salud Carbajal has reintroduced the California Clean Coast Act into the US Congress. The California Clean Coast Act would permanently ban future offshore oil and gas leasing in areas of the Outer Continental Shelf off the coast…

Advantage Tankers has reportedly added to its newbuilding orderbook in a deal for a brace of VLCCs in South Korea. Greece’s Xclusiv Shipbrokers note the Geneva-based owner and operator of about 25 ships has booked the two 320,000 dwt units at Hanwha Ocean…

President Donald Trump has hinted at easing his aggressive trade stance with China, suggesting a significant reduction in the steep tariffs on Chinese imports amid ongoing market turbulence. Speaking at a White House press briefing on Tuesday, Trump indicated…

Norwegian offshore vessel owner Olympic has won work for one of its anchor handling vessels from US supermajor Chevron. The US company hired the Olympic Zeus anchor handler and offshore construction vessel for work on the Agbami FPSO off Nigeria. According…

Marine Insight - The maritime industry guide.

Marine Insight - The maritime industry guide.

Marine Insight - The maritime industry guide.

Offshore drilling contractor Vantage Drilling has received a conditional letter of award from an undisclosed client for the 2010-built drillship Platinum Explorer. The company stated that the conditional letter of award has a 90-day validity period. The contract…