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Dubai is studying the idea of setting up a shipping fund to help smaller players in the industry access the finance that has all too often proved elusive in the wake of the global financial crisis.  Full story >>

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) announced on 25 May that it aimed to sell its local and overseas subsidiaries by 2020, as it works towards boosting its liquidity and normalising its operations.  Full story >>

Singapore’s Vallianz Holdings announced on Tuesday (23 May) that it had secured long-term charter contracts on four vessels, valued at USD115 million.  Full story >>

Stolt-Nielsen Gas (SNG), a subsidiary of Oslo-listed Stolt-Nielsen, has ordered two small-scale LNG carriers from Singapore’s Keppel Singmarine.  Full story >>

Shipowners are monitoring Noble Group after the commodity trader's rating was downgraded by Standard & Poor's (S&P) following a loss for the first quarter of 2017.  Full story >>

The long-planned acquisition of United Arab Shipping Company (UASC) by Hapag-Lloyd has finally been finalised, the German container line said on Wednesday.  Full story >>

Seadrill management has warned that recapitalising the company is likely to result in stakeholder losses.  Full story >>

PAO Sovcomflot is growing its specialist fleet designed to work in high northern latitudes, but Q1 2017 net profit fell significantly.  Full story >>

Tarbit Shipping is set to commission the first of two versatile tankers from Turkish shipbuilder RMK Marine this summer.  Full story >>

Hoegh LNG has reported a jump in net profit for Q1 2017 and says the outlook in the LNG carrier business is also starting to brighten.  Full story >>

Stolt-Nielsen subsidiary Stolt-Nielsen Gas BV has announced that it has contracted Keppel Singmarine to build up to five small-scale LNG carriers.  Full story >>

Golden Ocean Group says the dry bulk market should continue to recover but remain volatile for the rest of the year.  Full story >>

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