Login
emas.jpg

New claim filed against struggling Singapore-based Ezra

Offshore:

A new and major financial claim, this time for USD 194 million, intensifies the pressure on offshore company Ezra, one of the cornerstones of Singapore's maritime sector. The creditor has given Ezra two weeks to get the issue in order.


BY TOMAS KRISTIANSEN
Published 13.03.17 at 15:56

Log in to read articles

Some of our content is exclusively for subscribers.

Try ShippingWatch free for 14 days

Get 14 days free trial access

Sign up for ShippingWatch newsletter
Most read Offshore

Norway's new major carrier dubbed a "risky venture"

LarsPederSolstad01.jpg Offshore:

Two of Norway's biggest figures in shipping, Kjell Inge Røkke and John Fredriksen, are behind Norway's new offshore carrier Solstad Farstad which will become the country's largest carrier. "It's a tough market out there," CEO Lars Peder Solstad tells ShippingWatch.

OPEC has few escape routes from another bear market in oil

Offshore:

OPEC has few remaining tools left to boost prices, after investors seem unmoved by the decision to prolong supply cuts.

After a 30-day slide the oil price is again headed for USD 40

Offshore:

What was supposed to be OPEC's manifestation of agreement and strength to push the oil price back up, has now crumpled with a whimper and a price that, after sliding for almost 30 consecutive days, is now headed for USD 40 again. Banks are lowering their estimates considerably.

Spanish shipbreaker: EU list has increased interest in us

Offshore:

The EU list of yards which are allowed to dismantle European vessels has led to greater interest in Spanish shipbreaker DDR Vessels, says CEO. However, there are still many carriers trying to circumvent the rules.

National Oilwell Varco to lay off as many as 170 people in Norway

Offshore:

National Oilwell Varco is looking to reduce its workforce in Norway by one in ten employees, reports Dagens Næringsliv. The oil company has been cutting costs since the oil price plunged.

John Fredriksen is racing against time to save his empire

Offshore:

A multiple year boom could be coming to an end for the colorful Norwegian shipping magnate John Fredriksen's crown jewel, Seadrill, as the company has turned out to be USD 14 billion in debt and at which a race against time and unsatisfied bond holders has begun.

Current front page

MPC Container Ships could reach 50 vessels this year

BCO_quer_Print12.jpg Container:

Newly-established container carrier MPC Container Ships plans to have 35 to 50 feeder vessels within a year. "This would be a good starting point for us," the CEO of the Oslo-based company tells ShippingWatch.

Norway's new major carrier dubbed a "risky venture"

Offshore:

Two of Norway's biggest figures in shipping, Kjell Inge Røkke and John Fredriksen, are behind Norway's new offshore carrier Solstad Farstad which will become the country's largest carrier. "It's a tough market out there," CEO Lars Peder Solstad tells ShippingWatch.

Dry bulk terminals fail test of high-risk cargoes

Bulk:

The current methods for testing whether a dangerous cargo is at risk of liquefaction during sailing are inadequate and should be changed, says the Association of Bulk Terminal Operators, citing various samples of cargoes which have become liquefied despite passing tests.

OPEC has few escape routes from another bear market in oil

Offshore:

OPEC has few remaining tools left to boost prices, after investors seem unmoved by the decision to prolong supply cuts.

Spanish shipbreaker: EU list has increased interest in us

Offshore:

The EU list of yards which are allowed to dismantle European vessels has led to greater interest in Spanish shipbreaker DDR Vessels, says CEO. However, there are still many carriers trying to circumvent the rules.

This week's top stories on ShippingWatch

Carriers:

APM Terminals lays off 160 in Gothenburg in a move to end the protracted port labor conflift. Shipowners look to postpone the ballast water convention by two years. Shippers worry about a shortage of reefer containers. Oil is headed for USD 40. Here are this weeks top picks.

ADVERTISEMENT

Vacancies

ADVERTISEMENT