• Drydocks World creditors anticipate debt...

    The 2012 restructuring also involved DDW bringing in a Singaporean partner for its troublesome business in Indonesia. Borrowing to set up an operation in South East Asia before the financial crisis of 2009 was the main reason DDW was forced to seek a deal with creditors back then.

  • Maritime Regulators See No Price Fixing in...

    Global maritime regulators have found no evidence of price fixing in freight rates among the biggest players in container shipping, a top U.S. official said following a meeting that came as cargo shipping prices on some of the world’s busiest trade routes collapsed for the second straight week.

  • ECB audit may curb bank lendin

    European commercial loans to ship owners could be further reduced by a new regulatory audit, according to bankers speaking at the annual Marine Money Week conference in New York.

  • Marine Money to Ring The Nasdaq Stock Market...

    What:  Marine Money, the premier provider of maritime finance transactional information and consulting services, will visit the Nasdaq MarketSite in Times Square, celebrating a year's worth of award winning marine finance transactions.

  • How to bring fresh investment to the shipping...

    The first Maritime Standard Ship Finance & Trade Conference, organised by The Maritime Standard (TMS), will take place this year on 29-30 November at Park Hyatt Hotel in Abu Dhabi. The event, which is endorsed by Federal Transport Authority – Land & Maritime UAE, and being hosted by Abu Dhabi Ports, will feature top level speakers from the worlds of finance, banking, ports, shipping and  maritime law.


GE Oil & Gas signs deals with Oman’s PDO

GE Oil & Gas won two contracts from Petroleum Development Oman (PDO) for the supply, testing, installation and commissioning of a fleet of electric motor driven centrifugal compressors, a report said.

The fleet will be deployed across PDO's Saih Nihayda Depletion Compression Phase II, Kawther Depletion Compression Phase II, Yibal Khuff Depletion, Burhaan West and Fahud Gaslift Compression projects, added the report.