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Asia
Perisai Petroleum Teknologi hit with demand notice from investors
Kuala Lumpur-listed offshore firm Perisai Petroleum Teknologi has been served a notice of demand by holders of its S$125m ($91.9m) notes…
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Asia
Rickmers Group moves to separate itself from trust as D-day looms
Rickmers Group has moved to separate itself from Rickmers Trust Management just two weeks before investors vote to decide if…
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Americas
Paragon Offshore gets North Sea jackup deal
Houston-headquartered offshore driller Paragon Offshore has announced a new contract for jackup rig in its latest fleet status report. The rig…
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Europe
Oldendorff continues rapid expansion snapping up eight bulkers
Germany’s Oldendorff has added to its already substantial dry bulk fleet with the acquisition of eight new vessels on the…
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Europe
Ocean Yield cancels ethylene carrier at Sinopacific
Norway’s Ocean Yield has cancelled one of three liquefied ethylene gas carriers under construction at China’s Sinopacific Offshore & Engineering.…
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Asia
Hanjin Shipping asset sale under way
The ‘for sale’ sign has officially been placed up at Korean line Hanjin Shipping today after the local court approved…
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Asia
Swiber Holdings shocks Vallianz with plan to participate in rights issue
The judicial managers of Swiber Holdings have announced an interest for Swiber to take part in the upcoming rights cum…
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Europe
Ensco secures jackup extensions from Saudi Aramco
UK-headquartered offshore driller Ensco has extended contracts with Saudi Aramco for two jack-up rigs totalling eight years. Ensco 88 has…
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Europe
GC Rieber and Rasmussengruppen create new seismic vessel player
Norwegian shipping heavyweights GC Rieber Shipping and Rasmussengruppen have teamed up to establish a new marine geophysical company called Shearwater…
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Europe
American Shipping Company seeks refinancing of bonds
American Shipping Company said today it is exploring options to refinance an unsecured bond issue maturing in February 2018. To…
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Asia
ASL Marine delays AGM as it seeks funding
Singapore offshore shipbuilder and vessel owner ASL Marine Holdings has applied to the Singapore Exchange for a one month extension…
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Asia
Container shipping impairment losses could top $35bn: Alphaliner
Alphaliner says that NYK Line’s move last week to report a loss of JP¥100bn ($972m) on its containership assets could…
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Asia
Swissco says it can survive, despite inability to pay noteholders
Singapore offshore operator Swissco Holdings says that it expects to be able to fund and sustain its current operations from…
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Americas
One dead and one injured in accidents at Port Everglades
A supervisor for Sun Terminals died at Port Everglades on Monday when a golf cart she was driving collided with a…
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Europe
Oil and gas workers in Norway end strike
A three-week long strike by Norwegian oil services workers over wages has ended, with Norwegian Oil and Gas and union…
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Asia
JERA to acquire EDF Trading’s coal and freight business
Japanese energy company JERA has signed a non-binding agreement with EDF Trading, part of French energy giant EDF, for subsidary…
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Europe
Sovcomflot ends JV with Swire Pacific Offshore, acquires PSV pair
Sovcomflot and Singapore’s Swire Pacific Offshore have ended a three vessel joint venture established in 2006, resulting in the Russian…
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Europe
Technip awarded Dvalin EPCI contract
E&P firm DEA has awarded an engineering, procurement, construction and installation contract to Technip Norge for work at the Dvalin…
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Asia
Swissco staring down the barrel, unable to make coupon payment
Singapore offshore firm Swissco Holdings told investors that it is unable to make coupon payments due next week on its…
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Asia
Perisai Petroleum Teknologi vulnerable after default notice served
Kuala Lumpur-listed offshore firm Perisai Petroleum Teknologi has received a notice from the trustee of its S$125m ($91.9m) notes warning…
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