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Island Offshore Group, the privately owned Norwegian offshore services vessel owner, and Vard Brevik, the Norwegian unit of the Italian Fincantieri shipbuilding group, have agreed to postpone the delivery of three newbuildings due to weak markets.  Full story >>

Antwerp-based tanker operator Euronav has signed a USD750 million financing facility with a group of leading banks that it says will be used to finance its recent order for four new VLCCS, as well as to refinance 21 vessels already in its fleet.  Full story >>

Booming auto production in India has spawned a new ro-ro terminal that has opened in Pipavav in the northwestern state of Gujarat.  Full story >>

The marine and offshore business of French classification society Bureau Veritas showed strong revenue and profit growth in the first quarter of 2015.  Full story >>

The sale of a very large ore carrier during week 35 has belied the quiet recycling market.  Full story >>

Two former MyFerryLink vessels that have been occupied by their former French crews since the end of June are to be freed on 2 September, after a peace agreement was reached in Paris yesterday evening.  Full story >>

South Korea's Ministry of Oceans and Fisheries held a seminar to advise the families of 149 victims of the Sewol ferry disaster who have yet to seek compensation, ahead of the 30 September deadline for filing claims.  Full story >>

Taiwanese carrier Evergreen announced it has deployed a new L-type vessel for its Asia Pacific-Middle East service starting on 31 August.  Full story >>

Fengfan Stock Limited (Fengfan), the listed branch of China Shipbuilding Industry Corporation (CSIC), has announced it will purchase assets owned by CSIC’s power businesses for CNY14.4 billion (USD2.3 billion).  Full story >>

The Indonesian Navy (Tentara Nasional Indonesia Angkatan Laut/TNI–AL) has arrested the alleged "mastermind" it says was behind the hijacking of the Malaysia-flagged oil tanker Orkim Harmony in June.  Full story >>

Cargo traffic at Port of Osaka in western Japan fell 13.9% year on year (y/y) in May to 6.205 million tonnes as both domestic trade and foreign trade shrank sharply.  Full story >>

China Merchants Holdings (International) (CMHI)’s profits have risen 29% year on year (y/y) to HKD2.8 billion (USD361.3 million) in the first six months of 2015 due to a growth in port-related manufacturing operations.  Full story >>

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