News


Data Overload: Commodity Hedge Funds Close as Computers Dominate

"Chocfinger" made his name and his money by taking bold bets on cocoa markets. But after nearly four decades of trading, sometimes winning, sometimes losing, Anthony Ward threw in the towel.   Ward

Several Car Shippers Face Fines for Rigging Bids

EU antitrust regulators are set to fine Nippon Yusen KK (NYK) and several other Japanese shippers as well as Norwegian Wallenius Wilhelmsen Logistics ASA (WWL) in the coming weeks for rigging bids for shipping cars, according to people with knowledge of the matter.

Evergreen Charters Twelve 11,000 TEU Newbuilds

Evergreen Marine Corp. (EMC) entered into an agreement with Shoei Kisen Kaisha to charter twelve 11,000 TEU class containerships. The charter parties were signed by EMC Chairman Anchor Chang and President of Shoei Kisen Kaisha Yukito Higaki.

Ukraine's Grain Export Forecast Unchanged

The Ukrainian agriculture ministry sees 2017/18 grain exports at up to 41 million tonnes, acting minister Maksim Martyniuk said on Monday.   "For now we keep the forecast unchanged at 40-41 million tonnes.

Interventek Appoints Stuart as Business Development Director

Interventek Subsea Engineering has announced the appointment of Bruce Stuart to the role of Sales and Business Development Director. Stuart brings with him over 30 years of commercial leadership experience and in-depth operational knowledge of the oil and gas industry.

Schulte's PRONAV Acquisition Greenlighted

The Hamburg-based Schulte Group said it has received clearance by the German Federal Cartel Office for the acquisition of the LNG specialist PRONAV. With this strategic move, the family-owned ship owner

Ocean Yield Acquires Four VLCC

 Ocean Yield has announced that 100% owned subsidiaries of the Company have agreed to acquire four VLCC crude tankers with 15-year bareboat charters to companies owned and guaranteed by Okeanis Marine Holdings.

Encik Rezza Resigns as ED of Bumi Armada Berhad

 Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad has announced the resignation of Encik Shaharul Rezza bin Hassan, Executive Director and Head of Offshore Marine Services (OMS) of Bumi Armada Berhad.

Piracy, Armed Robbery in Asia Drop in January: ReCAAP

 A total of seven incidents of piracy and armed robbery against ships were reported in Asia - five actual incidents and two attempted incidents - in January 2018, compared to 16 incidents reported in December 2017, according to regional piracy watchdog ReCAAP ISC.

Hyundai Merchant Marine Forms Consortium with MSC, Hapag-Lloyd and ONE

 Hyundai Merchant Marine (HMM) announced that it has established a consortium with global liners, MSC, Hapag-Lloyd, and ONE to launch joint services between Asia and west coast of South America.   Previously,

Aker Enters Offshore Floating Wind Market

 Norwegian oil and gas specialist Aker Solutions has invested in floating wind power technology company Principle Power, with the aim to brings its offshore oil and gas field engineering experience to the renewable energy market.

Kvaerner Bags Two Contracts for Disposal of Platforms

 Kvaerner has entered into an agreement with Allseas for the recycling of the topside and bridge of the 36-year-old Valhall QP platform when Allseas removes this installation for operator Aker BP in 2019.