Sector
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Goodbye to all that crap
“We burn crap on our ships. The end of the refining cycle, the residue; one step up from the asphalt…
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2000-built VLCC fixed for $116,000 a day as year-end tanker rally gathers pace
Tanker rates have surged again in the last 24 hours, seeing out 2019 in fine fashion, with VLCCs leading the…
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European owners hit out at new container lashing directive
European short-sea and feeder ship operators are challenging efforts by the International Transport Workers’ Federation (ITF) to redefine container lashing…
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Seadrill secures contract extensions for jackup pair
John Fredriksen’s Seadrill has secured new contracts for jackup rigs AOD II and AOD III in the Middle East. The…
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Iran arrests bunkering tanker in Persian Gulf
Iran has detained a tanker allegedly carrying smuggled fuel near the entrance to the Strait of Hormuz. According to reports…
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Axxis Geo Solutions seals Middle East survey contract
Axxis Geo Solutions has confirmed the signing of a contract for the 3D ocean bottom node (OBN) seismic acquisition survey…
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Shelf Drilling awarded long-term extensions for four jackups
Dubai-based jackup drilling rig operator Shelf Drilling has secured long-term extensions for four jack-up rigs in direct continuation of their…
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Floatel secures new contract from Ineos
Offshore accommodation platform operator Floatel has been awarded a contract from UK-based oil and gas company Ineos for the deployment…
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Valaris secures multiple new contracts and extensions
Offshore driller Valaris, formerly EnscoRowan, has announced new contracts and contract extensions worth around $100m. Drillship Valaris DS-10 has had…
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Piracy attacks off Nigeria rise
Piracy attacks off West Africa over the past week have escalated, reaching extraordinarily dangerous proportions where bullets were fired at…
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Fugro takes full control of Seabed Geosolutions
Offshore service provider Fugro has entered into an agreement to take CGG’s 40% shareholding in Seabed Geosolutions. The agreement will…
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Conventional reefer ships primed for scrapping
The specialised reefer fleet is set for a swathe of scrapping as the global sulphur cap kicks in and more…
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Value Investor’s Edge: Top stock picks for 2020
As 2019 comes to a close, J Mintzmyer, the founder of Value Investor’s Edge, is totting up the numbers in…
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Evergreen orders feeder boxship quartet at Hyundai Mipo
Taiwanese line Evergreen has placed an order at South Korea’s Hyundai Mipo Dockyard (HMD) for the construction of four 1,800…
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Malaysian authorities detain two ships for alleged illegal oil transfer
The Malaysia Maritime Enforcement Agency (MMEA) has announced the detention of two vessels for illegal oil transfer operations around the…
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China Ocean Industry’s Huakai Heavy goes bankrupt
China Ocean Industry has announced that a local court in Jiangsu has declared the bankruptcy of its subsidiary, Nantong Huakai…
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MISC plans dual fuel fleet transformation
Malaysian energy shipping firm MISC is planning to cut shipping emissions by aiming to run half of its fleet with…
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Diamond S Shipping seals new $525m credit facility
New York-listed Diamond S Shipping (DSS) has closed a five-year $525m credit facility, funds which will be used to repay…
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Cosco confirms LNG-powered VLCC upgrade contract with DSIC
Cosco Shipping Energy Transportation has officially signed a supplemental agreement with Dalian Shipbuilding Industry to upgrade a VLCC to LNG…
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CDB Leasing acquires LNG carrier from CMB Leasing
CDB Leasing, the financial leasing arm of China Development Bank, has entered into an agreement with CMB International Leasing, a…
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