Sector
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EDF Renewables, ESB, Reventus team up on 1 GW Celtic Sea floating wind farm
UK arm of EDF Renewables has formed a partnership with Irish renewable energy developer ESB and global offshore wind investor…
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Island Offshore secures vessel contract with Aker BP
Norway’s Island Offshore has picked up work for its anchor handling tug supply and light construction vessel Island Vanguard. Brokers…
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German owners invest in ‘Google Search’ for shipping
Berlin-based Flagship Founders has spun off its fifth startup which is developing an AI-powered information retrieval and management platform for…
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Transpacific container contracts ‘substantially below’ initial asking rates
The first batch of transpacific contracts are concluding for the May 2024-April 2025 period with analysts at Jefferies reporting Asia-US…
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Panama Canal Authority warns restrictions will remain in place throughout 2024
The Panama Canal Authority (ACP) has claimed that the tide has turned in its ongoing battle to get back to…
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Levels of depression and anxiety increase among Ukrainian seafarers
Seafarer charity Stella Maris is warning that Ukrainian seafarers are experiencing increased levels of loneliness and depression amid fears of…
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Star Bulk and Eagle Bulk complete merger
Dry bulk heavyweights Star Bulk Carriers of Greece and US-based Eagle Bulk Shipping have officially combined in an all-stock deal,…
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Hafnia shares start trading in New York
Shares in Hafnia, the world’s largest product tanker company, commenced trading on the New York Stock Exchange (NYSE) yesterday, to…
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Handy bulker prices remain firm
Sales in dry bulk are easing in line with the cooling of the Baltic Dry Index, which has dropped by…
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Ex-head of Guangzhou port under investigation
Li Yibo, the former chairman of Guangzhou port, has been placed in custody by anti-graft authorities, with Chinese finanacial newswire…
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Three reasons why shipping transactions have not yet been digitalised
Torgeir Willumsen, resident partner at Simonsen Vogt Wiig in Singapore and founder of Assentiri, establishes the unique peculiarities of shipping…
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Havila takes full control of Volstad Maritime
Family-owned investment company Havila Holding has taken full ownership of Norwegian vessel owner and operator Volstad Maritime after buying the…
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Stena Drilling scores drillship contract in Morocco
Stena Drilling, the Aberdeen-based business of Sweden’s Stena, has signed a contract for up to two wells offshore Morocco. London-listed…
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Pelagic Partners grows exposure in offshore segment
Cyprus-based owner and shipping fund manager, Pelagic Partners, has bolstered its offshore portfolio with an investment in two platform supply…
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Viking Supply Ships wins AHTS contract with ExxonMobil in Canada
Christen Sveaas’ Viking Supply Ships has won a term contract for one of its anchor-handling tug supply units. Brokers report…
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Seacon offloads modern MR1 product tanker in $36m deal with Union Maritime
Hong Kong-listed Seacon Shipping is selling a bareboat chartered modern chemical and oil products carrier to UK bulker and tanker…
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Höegh Autoliners closes $920m financing
Norway’s Höegh Autoliners has secured $920m in new financing for newbuilds, secondhand purchases, repayment of existing debt and bolstering liquidity.…
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Borr Drilling bags nearly $160m worth of jackup deals
Tor Olav Trøim-backed jackup rig player Borr Drilling has won new contracts worth a total of $158.6m. The Oslo-and New…
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‘Compelling’ tanker orderbook augurs well for rates through to 2026
The “compelling” tanker orderbook augurs well for freight rates for the coming couple of years, according to multiple researchers. The…
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Russia forced to import fuel with up to 20% of its refining capacity knocked out
A new report from Oslo-based Arctic Securities estimates today that around 20% of Russia’s refining capacity has been knocked offline…
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