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Kleven offloads 2015-built vessel

Kleven Verft, a Norwegian shipyard, has found a buyer for a newbuild multi purpose support vessel which it completed back in 2015. Kleven said on Wednesday it had sold the newbuilding 379 to an undisclosed, international buyer. &ldquo...

09/08/2017 Read

Saudi Aramco awards first major contract for $5 Billion

Saudi Aramco has signed the first major contract for Saudi Arabia’s $5.2 billion maritime and shipbuilding complex planned for the Persian Gulf. The contract was awarded to a consortium of Saudi Archirodon Company Ltd and Huta Hege...

09/08/2017 Read

NSRI Evacuates Crewman after Fall aboard Bulker

A 25-year-old crewman has been evacuated after he fell on board the cargo ship New Taizhou which was anchored some nine nautical miles off St Helena Bay, South Africa.  The incident occurred on August 3, according to a report issued by the Na...

08/08/2017 Read

Songa Bulk Expands Fleet with Kamsarmax

Norwegian shipowner Songa Bulk ASA has entered into an agreement to acquire a Kamsarmax bulk carrier built in 2010 at Japan’s Sumitomo yard. Featuring 81,466 dwt, the vessel will be delivered during the fourth quarter of 2017, bringing the c...

08/08/2017 Read

OOCL Needed Cash and COSCO’s ‘Weight’

By Mike Wackett (The Loadstar) – OOCL was too small to compete with mega-carriers and needed access to a large capital base to succeed, its chairman said today. OOCL returned to the black in the first six months of the year, contributing a n...

08/08/2017 Read

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