Sector
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Vantage Drilling sends nine-year-old drillship for scrap
A host of hugely expensive drillships contracted for up to $750m each with Korean yards around the time of the…
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Solstad Offshore CSV trio awarded four new contracts
Norway’s Solstad Offshore has announced the award of four contracts for three of the company’s construction support vessels. Commencing in…
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Subsea 7 awarded Angolan contract by CABGOC
Subsea 7 has been awarded a contract by Chevron’s Cabinda Gulf Oil Company (CABGOC) for the Sanha Lean Gas Connection…
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Tasik Subsea DSV earns Covid-19 accreditation from ABS
Tasik Subsea’s dive support vessel has become the first vessel to receive the IDM-A (Infectious Disease Mitigation – Arrangements) Class…
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PetroRio takes full control of Frade oil field
Brazilian energy company PetroRio has received regulatory approval to acquire a 30% stake in the Frade oil field in the…
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Hong Kong boxship chokepoint partially lifted
A chokepoint to liner shipping in southern China is being lifted partially later this week. Vessel height restrictions for ships…
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Koreans develop innovative wing-sail
Class society DNV GL has awarded an approval in principle (AIP) to Korea Shipbuilding and Offshore Engineering (KSOE), the parent…
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CNOOC reveals scope of Huizhou 26-6 find
China National Offshore Oil Corp (CNOOC) has reported proven oil and gas geological reserves of 50m tonnes oil equivalent at…
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Nantong Xiangyu secures orders for up to six bulkers
Nantong Xiangyu Shipbuilding and Offshore Engineering has announced that it has secured newbuilding orders for the construction of up to…
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Changjiang Shipping orders river bulker at Dajin Heavy
Changjiang Shipping, part of Sinotrans & CSC, has placed an order at Dajin Heavy Industry, the subsidiary yard of Shanghai…
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Storm-hit Maersk Essen reroutes to Mexico
The 13,100 teu boxship has rerouted to Mexico instead of its intended destination of Los Angeles. The ship became the…
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RightShip and Intercargo unveil new dry bulk quality standard
RightShip and Intercargo have jointly announced the launch of a new quality standard for the dry bulk sector, DryBMS. The…
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Bjoern Sprotte joins V.Group as CEO of shipmanagement
Bjoern Sprotte, who recently left his role of CEO at OSM, has been appointed chief executive officer, shipmanagement at V.Group.…
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New entrant on the Asia-Europe tradelane
There’s set to be a new entrant on the booming Asia – Europe container tradelane. China United Lines (CU Lines),…
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World Bank targets maritime digitalisation
A new report by the World Bank and the International Association of Ports and Harbors (IAPH) shows that better digital…
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DHT swoops for Awilco VLCC pair
New York-listed VLCC tanker owner DHT Holdings has announced the acquisition of two 2016-built (DSME) VLCCs for a total price…
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Overthinking it: Some notes on investing in shipping for those that don’t
Charlie Du Cane, commercial director at Seastar Maritime, gives advice on how to make money investing in our industry. Shipping…
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Siem Offshore set to reach restructuring deal with European creditors
Norwegian OSV operator Siem Offshore has announced that it is in the final stages of negotiations with its European banks and…
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Europe piles in with massive offshore wind orders as prices drop
Pareto Securities is predicting offshore wind costs will become lower than onshore wind and solar by 2030, something not lost…
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Mubadala Petroleum acquires stake in Egyptian offshore block
UAE-based Mubadala Petroleum has entered into a concession agreement with the Egyptian government for oil and gas exploration in Block…
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