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Asia
Short-term pain, long-term rationalisation: Hanjin focus of Marine Money discussions
The collapse of Hanjin Shipping has brought short-term pain for all carriers, but further down the line the sector’s largest…
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Asia
Buy cheap tonnage now, pay back debts later: Marine Money Singapore
Now is the time to buy cheap ships, and then pay off debts when the good times return, a panel…
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Asia
Swiber defaults on notes again as claims soar past $230m
Singapore offshore operator Swiber Holdings, which sought judicial management last month having earlier announced its liquidation, has said it is…
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Europe
Navig8 Chemical Tankers banks $74m from sale and leaseback deal
Navig8 Chemical Tankers has announced a sale and leaseback deal with Japan’s SBI Holdings for two 25,000 dwt stainless steel…
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Americas
Cobalt pays off Rowan to adjust drillship contract allowing for early termination
Houston-based Rowan Companies has taken a $96m cash payment from Cobalt International Energy in exchange for amendments to the contract for…
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Europe
Noble Corporation finds work for stacked jackup, extends with Hess at huge discount
UK headquartered offshore driller Noble Corporation has announced a new contract for one of its jackup rigs as well as…
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Europe
Kvaerner wins semi-submersible upgrade work
Norwegian offshore fabricator Kvaerner has had a framework agreement put into action with Statoil for the upgrading of the semi-submersible…
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Europe
KNOT Offshore Partners time charter extended by Statoil
Shuttle tanker limited partnership KNOT Offshore Partners has announced that Statoil has declared the final two options for the time…
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Europe
Nexans exercises option on GC Rieber subsea vessel
GC Rieber Shipping has been given a boost, with Nexans Skagerrak declaring a 13 month option on construction support vessel…
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Dry Cargo
DryShips swaps debt for shares, offloads panamax bulker
George Economou’s DryShips has eached an agreement with Sifnos Shareholders, a company controlled by Economou, to convert $8.75m outstanding under…
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Europe
Eni wins Montenegro exploration licenses
Italy’s Eni has won a concession contract with the Montenegro government for the exploration of four offshore blocks covering 1,228…
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Asia
Marco Polo Marine ominously appoints KPMG to conduct business review
Marco Polo Marine could be the next offshore marine firm to send shockwaves through the Singapore market, announcing today that…
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Asia
Swiber claims climb to $227m as CEO Darren Yeo resigns
Singapore offshore operator Swiber, which sought judicial management late July having earlier announced its liquidation, has revealed that claims against…
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Offshore
Woodside takes 50% stake in BHP’s Scarborough gas field assets
Australia’s Woodside Energy has entered into binding agreements to acquire half of BHP Billiton’s Scarborough area assets in the Carnarvon…
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Asia
Shell Brasil extends contract for MODEC FPSO
Shell Brasil Petróleo has extended its contract with Japan’s MODEC for the operations & maintenance of . The contract has…
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Asia
SapuraKencana wins brace of contracts worth $65m
Malaysia’s SapuraKencana Petroleum, via wholly-owned subsidiary SapuraKencana TL Offshore, has been awarded a number of engineering and construction contracts valued…
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Europe
ABB renews Topaz Installer contract for wind farm support
United Arab Emirates offshore operator Topaz Energy and Marine has announced that ABB has renewed a long standing contract for…
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Europe
Wood Group awarded frame agreement by Wintershall
Wood Group has been awarded a new four-year frame agreement for them to tender for the provision of modification and…
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Asia
AET completes acquisition of Paramount Tankers
Malaysia’s MISC has announced that American Eagle Tankers (AET) has completed the acquisition of a 50% stake in Paramount Tankers…
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Europe
Atlantic Offshore lays up anchor handler after 30-year run with Statoil ends
Norway’s Atlantic Offshore has laid up 1984-built AHTS after its contract with Statoil was left to expire. Statoil has utilise…
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