Sector
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Floating storage demand picks up as crude picks itself off the floor
The standoff between Russia and Saudi Arabia on oil production shows no sign of ending soon, however prices for crude…
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Clipper takes supramax pool from Klaveness
Klaveness’s exit from supramax pool activity has been secured with news today that Clipper Bulk has agreed to buy its…
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Bunker price spread edges into double-digit territory
The average price spread between low and high sulphur fuel at the world’s four largest bunkering hubs ducked into double-digit…
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New York port boss hit by coronavirus
Rick Cotton, the head of the Port Authority of New York and New Jersey, has tested positive for coronavirus. “Mr…
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Aon swoops for Willis Towers Watson to create world’s largest insurance broker
Aon announced yesterday a $30bn deal to buy rival Willis Towers Watson, creating the world’s largest insurance broker, overtaking Marsh…
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Top carriers publish cyber security guidelines
The Digital Container Shipping Association (DCSA), a neutral, non-profit group established to further digitalisation of container shipping through technology standards,…
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Supramax bulker values slide
This week’s broker reports have few dry cargo sales carried, and prices continue to drop. It has just emerged that…
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Oman Shipping confirms acquisition of ultramax pair
Oman Shipping has confirmed the acquisition of two ultramax bulk carriers, the 2015-built 63,700 dwt SBI Taurus and the 2014-built…
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Solstad Offshore awarded new AHTS contract in Malaysia
Norway’s Solstad Offshore has been awarded a contract with a major Malaysian operator for 2006-built anchor handling tug supply vessel…
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Eversendai agrees to acquire Vahana Offshore from chairman
Malaysian engineering group Eversendai Corporation has announced that it has agreed to acquire the entire issued capital of Vahana Offshore…
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Global Offshore secures cable installation work at Kincardine wind farm
UK offshore service provider Global Offshore, part of Global Marine Group, has been awarded a contract for cable installation and…
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Awilco Drilling awarded contract by Petrofac for P&A work
Norway’s Awilco Drilling has been awarded a contract by Petrofac for 1982-built semi-submersible rig . The rig will be used…
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Shelf Drilling secures jackup contract extension
Dubai-based offshore driller Shelf Drilling has secured a one-year contract extension from Belayim Petroleum (Petrobel) for its Trident 16 jackup rig…
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Shearwater GeoServices secures seismic project in Gulf of Mexico
Shearwater GeoServices has been awarded a major ocean bottom seismic (OBS) deepwater ROV project by TGS and Schlumberger in the…
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Historic day of carnage for oil prices
A 16-piece meal from fast food outlet KFC now costs more than a barrel of oil after a day of…
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Newbuild orders slump 64% in year to date
Shipbuilders are braced for another slow year for new contracts with data published on Friday by Clarkson Research Services showing…
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Bunkers to be taken off stricken Polaris VLOC tomorrow
Salvors will start to take off the bunker fuel from the stricken very large ore carrier (VLOC) tomorrow. The 2016-built…
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What key behaviours and attributes make a successful shipping mogul?
Ahead of the publication of the latest MarPoll survey conducted by this site here’s my perspective as a recruiter on…
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Tiger Group invests in 14,000 teu Yangzijiang series
Clarkson Research Services is reporting a notable container comeback for one of the sector’s most famous pioneers. Graham Porter-led Tiger…
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Tsakos Energy Navigation offloads five tankers for $104m
Greece’s Tsakos Energy Navigation (TEN) has sold off five of its vessels, three suezmax tankers and two product tankers, for…
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