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Finance and Insurance
Octopus Energy to invest $20bn in offshore wind by 2030
Britain’s Octopus Energy is to invest $20bn through its generation unit in offshore wind by 2030. The investment will go…
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Middle East
Hilong Marine scores $36m contract in the Middle East
Hilong Marine Engineering has secured contracts with UAE-based fabricator Lamprell and Lamprell Saudi Arabia. In a deal worth $36m the…
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Finance and Insurance
Jacktel taps Maritime Asset Partners for $80m loan
Norway’s Jacktel has secured an $80m loan from a subsidiary of London-based ship finance boutique Maritime Asset Partners. The offshore…
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Offshore
OceanPact takes over DDW Offshore’s AHTS pair
Brazilian offshore vessel owner and services provider OceanPact Serviços Marítimos has taken over a pair of anchor handling tug supply…
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Operations
TT Club brings in former APM Terminals boss Morten Engelstoft as new chairman
Former chief executive of Maersk’s APM Terminals Morten Engelstoft has been elected as the new chairman of insurer TT Club…
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Gas
Nigeria’s NNPC takes stake in the country’s debut FLNG project
Nigeria’s state oil firm, NNPC, has sealed a deal with fellow developer UTM Offshore to take a 20% stake in…
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Containers
Maersk Line ordered to pay $700,000 to sacked whistleblower
Maersk’s American unit has been ordered to pay over $700,000 to a former employee who was fired after complaining about…
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Operations
John McDonald elected president of ABS
US classification society ABS has elected John McDonald as its president. McDonald, who has served as executive vice president and…
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Tankers
Yangzijiang Financial buys into chemical tanker pair
Singapore-listed Yangzijiang Financial Holding has splashed over $30m to pick up stakes in two chemical and product tankers and entered…
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Finance and Insurance
Wan Hai debuts Taiwanese sustainability linked financing
Taiwan’s Wan Hai Lines has concluded a 10-year $95m sustainability-linked financing deal with Standard Chartered Bank, claiming the country’s first…
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Operations
CPC Corp tanker hits DEME’s newbuild wind installation vessel in Taiwan
A CPC Corp product tanker allided with DEME’s berthed newbuild offshore installation vessel at Kaohsiung port in Taiwan last Friday…
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Renewables
BASF building 500 MW wind farm to power chemicals plant in China
German chemicals firm BASF and China’s Mingyang Group have agreed to jointly build and operate an offshore wind farm in…
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Offshore
Dulam sells DSV for scrap
Dubai-based subsea contractor Dulam has sold its ageing dive support vessel Oceanic Installer for recycling in Sharjah, UAE. Cash buyer…
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Renewables
NKT lines up Scottish cabling work
Danish offshore cabling specialist NKT has been confirmed as the preferred bidder by Scottish SSEN Transmission for the supply of…
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Operations
Russian owner SASCO lands on US sanctions list over Ukraine war
In what has turned out to be a roller-coaster week following Moscow’s decision to pull out of the Black Sea…
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Tankers
Turkey’s Yasa in for MR quartet at Yangzijiang
Turkey’s Yasa is back to ordering tankers with slots secured at a private shipyard in China. The Istanbul-based owner is…
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Renewables
First US Gulf offshore wind auction set for August
The US government has set the date for the first-ever offshore wind lease sale in the Gulf of Mexico. The…
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Finance and Insurance
PGS secures new $75m financing deal
Norwegian seismic vessel player PGS has secured more breathing room with a new $75m loan to partly refinance its existing…
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Dry Cargo
Fujian Guohang Ocean Shipping adds to bulker orderbook
Chinise dry bulk shipping operator Fujian Guohang Ocean Shipping has added to its orderbook firming up two more panamax newbuilds…
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Tankers
Atlas Maritime switches to suezmax newbuilds
Greece’s Atlas Maritime has put its recent strong tanker earnings to good use, having invested in up to four suezmax…
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