Region
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DryShips to raise $100m via direct offering
DryShips has entered into a securities purchase agreement with Kalani Investments, for the sale of a series of newly designated…
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Siem Offshore Contractors awarded wind farm contract
Siem Offshore Contractors (SOC), a wholly owned subsidiary of Siem Offshore, has been awarded a contract for the transport and…
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Xodus secures FEED contract from Black Sea Oil & Gas
Offshore integrated services company Xodus has been awarded a contract by Black Sea Oil & Gas for the front end…
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NYK and Macquarie invest in Maher Terminals
Nippon Yusen Kaisha (NYK) and Macquarie are taking a 20% stake in Maher Terminals, a company that operates a terminal…
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Sirius Petroleum signs financing contract with COSL Drilling
Oil and gas exploration investment company Sirius Petroleum has announced that it has entered into a key vendor financed offshore…
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General cargo ship badly damaged by fire while laid-up in Colombian port
The general cargo ship Casanova (1,450 dwt, built 1975) has gone up in flames while laid up for maintenance work in…
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EMGS secures Malaysian contract extension
Electromagnetic Geoservices has confirmed that it has entered into a firm contract extension with an oil company in Malaysia. The…
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Legal spats proliferate for Swissco
Swissco Holdings, which entered interim judicial management earlier this week, has seen claims against it mount. Fellow Singapore offshore operator…
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Paul Slater returns to Qorval, vows to shake up shipping restructuring
Renowned ship finance expert Paul Slater is returning to restructuring firm Qorval. The company has formed Qorval Marine, which Slater…
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Trump in a different light
There has been so much knee jerk, doom and gloom drudgery written in the days following the election of Donald…
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Rolls-Royce prepares further dramatic cuts to its marine division
Rolls-Royce Holdings is preparing to further slim down its marine side of the business, its ceo said yesterday. Warren East…
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Ultra Deep Solutions: The art of subsea
Shel Hutton: the man… the myth… the legend.” So gushes one contact of this dive veteran on LinkedIn, and indeed…
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Swiber Holdings under investigation
Swiber Holdings has announced that it has received a notice from Singapore’s Commercial Affairs Department that it is investigating an…
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Welding accident kills one, injures three
A worker was blown 60 metres to his death on the Indonesian island of Batam. A welding accident resulted in…
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China Ocean Industry takes over Nantong Huakai Heavy Industry
China shipbuilder China Ocean Industry has announced that it has entered an agreement to acquire Nantong Huakai Heavy Industry for…
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Stolt-Nielsen gets approvals for Jo Tankers acquisition
Stolt-Nielsen has received unconditional competition authority approval of the company’s previously announced plans to acquire the chemical tanker operations of…
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V.Group acquires Selandia Ship Management
V.Group has announced the acquisition of Indian ship manager Selandia as part of its strategy to grow its offering to…
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Genco disposes of Jinhui shares
Dry bulk shipping company Genco has sold its 8,345,641 shares in fellow dry bulk carrier Jinhui Shipping and Transportation. The…
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US offshore leasing plan expected to omit Arctic waters
Numerous news outlets reported on Wednesday that US President Barack Obama’s upcoming five-year plan for offshore leasing will omit rights…
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Gulf Marine Service secures European offshore contract
UAE-based offshore vessel operator Gulf Marine Services (GMS) has completed a deal for the charter of one of its vessels…
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