Sector
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Cosco adds eight pulp carriers at Cosco Dalian yard
Cosco Shipping Specialized Carriers, the multi-purpose shipping unit of China’s largest maritime conglomerate, has announced a plan to order eight…
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Scorpio Bulkers trims fleet with sale of two ultramaxes and a kamsarmax
Monaco-headquartered Scorpio Bulkers has announced the sale of three vessels for a total of $53.5m. The company said that it…
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TechnipFMC awarded EPCI contract by BP Angola
Offshore services giant TechnipFMC has been awarded an integrated engineering, procurement, construction and installation (iEPCI) contract by BP Angola for…
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Archer appoints new CEO
Norwegian oil services firm Archer has announced the appointment of Dag Skindlo as chief executive officer succeeding John Lechner, who…
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VLCCs back in ‘mad’ territory with scrubber-less tankers taken by the Saudis on subs for more than $200,000 a day
In one of the most sensational days of tanker trading ever VLCCs climbed back into six-digit territory as Saudi Arabia…
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TGS and Fairfield secures seismic project in the Delaware Basin
TGS and Fairfield Geotechnologies have entered into an agreement to acquire a new multi-client survey within the Area of Mutual…
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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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