DryShips buys Newcastlemax BC quartet [Shipping]
DryShips announced on March 27 that it has entered into agreements with unaffiliated third parties to acquire four modern Newcastlemax bulk carriers of approximately 206,000 DWT and with an average age of 3.0 years.  The company expects t...
2017-03-30 07:32:51
Inmarsat-Blue Maritime Cluster work together [Equipment]
Inmarsat is working with the Blue Maritime Cluster to formulate how digital disruption will transform the traditional shipping industry and open up new opportunities for ship owners, marine technology companies and others in the influential netwo...
2017-03-30 07:28:58
ABS holds annual committee meeting [General]
It turned out that ABS held its annual National and Regional Committee meetings in London, Copenhagen and Hamburg in mid-March. “Our committee meetings provide a platform for transparent, robust and engaging conversation with industry,” sa...
2017-03-30 07:26:16
Ocean Rig files for bankruptcy protection [Finance]
Ocean Rig UDW Inc. (“Ocean Rig” or the “Company”) announced on March 28 that it and its subsidiaries Drill Rigs Holdings Inc. (“DRH”), Drillships Financing Holding Inc. (“DFH”) and Drillships Ocean Ventures Inc. (“DOV” and col...
2017-03-30 07:24:34
Marco Polo establishes new subsidiary [Shipping]
Marco Polo Marine has recently announced that its 50% owned joint venture, Marco Polo Offshore (IV) Pte Ltd, has incorporated the following wholly-owned subsidiary: ＊Name of company: SK Marco Polo Sdn. Bhd. ＊Place of incorporation: Malays...
2017-03-30 07:21:02
SapuraKencana changes its name [General]
SapuraKencana Petroleum Berhad announced on March 27 that the company has received the Notice of Registration of New Name dated March 24, 2017, issued by the Companies Commission of Malaysia.  Accordingly, the name of the company has been...
2017-03-30 07:17:17
Oshima scores 98K bulker duo [Shipbuilding]
Oshima Shipyard of Japan has won an order to build two post-panamax bulkers from Luxemburg-based operator CLdN Cobelfret SA.   According to industry sources, the two 98,000dwt bulkers are expected to be delivered in 2019, and details such ...
2017-03-30 07:13:56
Ocean Rig's restructuring likely to have no effect on S [Offshore]
While Ocean Rig is entering into debt readjustment process under Chapter 15 of the U.S. Bankruptcy Code, it seems that an order the Greek offshore drilling facility operator placed at Samsung Heavy Industries for three drillships would remain con...
2017-03-30 07:13:20
HHI-union in a tug-of-war [General]
Hyundai Heavy Industries, facing its corporate spin-off, held the 77th negotiation, which was actually the last negotiation before the spin-off, but failed to narrow the gap with the cuts in the basic pay and union structure. The management an...
2017-03-30 07:12:21
Doosan-KOGAS-Samjin develop LNG engine [Equipment]
Doosan Infracore works with Korea Gas Corporation and Samjin Yard to develop a liquefied natural gas (LNG) engine for small ships. Doosan Infracore announced on March 28 that it signed a Memorandum of Understanding (MoU) to cooperate with Kore...
2017-03-30 07:10:59
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