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Finance and Insurance
Sembcorp Marine and Borr Drilling agree rig payment deferral
Singapore’s Sembcorp Marine has confirmed it will extend the time for repayment terms for Borr Drilling from 2023 to 2025…
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Tankers
International Seaways ships out 14-year-old MR
US owner International Seaways has sold its fourteen-year-old MR to undisclosed buyers amid rising tanker values. Clarksons reported the New…
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Tankers
AMPTC offloads LR2 pair
Arab Maritime Petroleum Transport Company (AMPTC) has offloaded a pair of 2008-built LR2 tankers to undisclosed buyers. Multiple brokers reported…
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Operations
Searchlight Capital buys into Synergy
New York-based private equity firm Searchlight Capital Partners has bought into Singapore shipmanager Synergy Marine Group. Searchlight did not disclose…
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Operations
Crew evacuated from burning boxship off Saudia Arabia
A major fire broke out onboard a Panama-flagged containership off Saudi Arabia. A crew of 25 seafarers were evacuated from…
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Shipyards
Yangzijiang Shipbuilding bags 22 newbuild orders
Chinese shipbuilder Yangzijiang Shipbuilding has sealed new shipbuilding contracts for 22 vessels worth around $2.5bn, taking its total orderbook over…
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Dry Cargo
Himalaya Shipping fixes newbuilding pair on long-term charters
Tor Olav Troim-backed Himalaya Shipping has sealed time charter deals with one of the major commodity companies for two newcastlemax…
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Dry Cargo
MOL’s wind-assisted bulk carrier enters service
Mitsui OSK Lines (MOL)’s bulk carrier equipped with a hard sail wind power propulsion system has officially started operation following…
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Regulatory
Charges continue stacking up over stolen Shell marine gasoil in Singapore
Three bunker clerks were charged in Singapore court for receiving a total of over S$43m ($30m) worth of marine gasoil…
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Renewables
Kim Heng clinches $35m in Taiwanese vessel contracts
Singapore offshore vessel operator and marine engineering services provider Kim Heng is looking at $35m in new contracts secured by…
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Finance and Insurance
Yinson secures $720m deal to finance Petrobras FPSO project
Malaysian FPSO operator Yinson has secured a $720m syndicated loan facility (“Facility”) for a floating production, storage and offloading (FPSO)…
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Offshore
Floatel International seals Equinor contract extension
Offshore accommodation vessel owner Floatel International has secured another contract extension from Equinor for the . The 2010-built semisubmersible unit…
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Ports and Logistics
Transnet workers down tools
Workers at South Africa’s logistics group Transnet have launched an industrial strike over a wage dispute that could paralyse services…
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Tankers
Scorpio Tankers charters out trio on long-term contracts
Monaco-headquartered Scorpio Tankers has sealed three new long-term charter out deals worth a total of $101.6m. The New York-listed company…
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Bunkering
Multi-fuel station for ships project gets UK backing
The UK government has backed plans to develop a zero-emission multi-fuel station that would power hydrogen and electric ships. The…
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Renewables
RWE enters race for 1.5 GW Polish offshore wind site
RWE has joined the race for an offshore wind seabed permit within the 53.E1 area in the Polish Baltic Sea.…
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Tech
CMB and Volvo team up on dual-fuel hydrogen engines
Compagnie Maritime Belge (CMB)’s clean technology division, CMB.Tech, has joined forces with Volvo’s engine maker, Volvo Penta, to speed up…
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Gas
MOL agrees LNG charter deal with new Sakhalin-2 operator
Mitsui OSK Lines (MOL) has signed a charter contract with the new Russian operator of the Sakahlin-2 liquefied natural gas…
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Gas
Lithuania’s KN declares purchase option on Höegh FSRU
Lithuanian oil and LNG terminals operator Klaipedos Nafta (KN) has exercised its option to acquire the floating storage regasification unit…
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Offshore
Seacor Marine offloads Mexican JV interests as it seals fresh refinancing
Houston-based OSV owner Seacor Marine Holdings has agreed a sale of its unconsolidated joint ventures in Mexico and a series…
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