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Latest From Sale and Purchase
KHI axes newbuilding contract with Island Offshore unit
Client is facing financial difficulties
January-May VLCC newbuilding activity highest in nine years
BIMCO warns shipowners to manage the supply side for crude oil tankers as demand is unable to provide support
Hanjin Heavy issues $50m loan to Philippines unit
Move comes after full acquisition of the Subic Bay-based yard operations
DSME postpones four-vessel order on owner’s request
Delivery date pushed back to April 22, 2019
Taiwan's China Steel Corp orders four newcastlemaxes for $187m
Company orders two vessels at compatriot yard CSBC Corp and two at Japan Marine United.
Cosco poised to take over OOCL on July 1
The arrangement would make sense from a political standpoint
Petredec orders up to four VLGCs from Jiangnan Shipyard
Deal is for two confirmed newbuildings and the option to build two more
DSME gets $50m out-of-court settlement for axed order
Dong Energy and Technip France each paid $25m in decommissioning expenses to DSME
Dismal and steady as she goes amid summer VLCC sluggishness
Earnings have moved little as seasonal slowdown takes hold
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