Americas
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MOL to spend $400m buying Fairfield Chemical Carriers
Japan’s Mitsui OSK Lines (MOL) is spending $400m in an all-cash transaction to acquire the 36-strong fleet of New York-headquartered…
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Valaris rakes in $65m worth of new deals
New York-listed offshore driller Valaris has won new contracts and contract extensions for its rigs worth approximately $65m. Valaris said…
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Seacor Marine loans $122m to refinance existing debt
US offshore vessel operator Seacor Marine has entered into a new $122m senior secured term loan with affiliates of EnTrust…
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McDermott seals debt restructuring deal
Houston-based offshore contractor McDermott has reached an agreement with its creditors and stakeholders on a restructuring plan that will push…
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Maersk to transport Amazon goods using biofuel and methanol
Danish shipping major Maersk and e-commerce giant Amazon have finalised a 2023-2024 agreement for the transport of 20,000 feu using…
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Empire Navigation pleads guilty to shipping Iranian oil
Greece’s Empire Navigation has admitted to violating US sanctions by shipping a cargo of Iranian crude oil aboard the suezmax…
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Colombia delays first offshore wind licensing round
Colombia’s first bidding round to license permits for the development of offshore wind farms has been delayed with no new…
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Ryan Petersen returns as CEO at Flexport
After a year in the role, Dave Clark has stepped down as CEO at Flexport with the company’s founder Ryan…
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Petrobras to install 11 pre-salt FPSOs by 2027
Oil and gas giant Petrobras plans to deploy 11 new floating production storage and offloading (FPSO) vessels in Brazil’s pre-salt…
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Oceaneering adds uncrewed surface vessel
Oceaneering’s subsea robotics group has introduced a new uncrewed surface vessel (USV) service to support remote survey work scopes. The…
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Euronav and Neda Maritime win two-year VLCC charters from Petrobras
Brazil’s state-owned energy major Petrobras has fixed two VLCCs on long-term charters from Euronav and Neda Maritime. Belgian owner Euronav…
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Solstad fixes CSV pair
Norway’s Solstad Offshore has secured more work for its subsea construction support vessels (CSVs). The 2010-built Normand Baltic has been…
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Oceaneering bags $100m in contracts
Houston-based Oceaneering has secured two contracts with a combined total value in excess of $100m. The New York-listed company’s Offshore…
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Panama Canal latest: how each shipping segment is being impacted
Vessels in queue for transit across the Panama Canal stand at 128 ships today, some 42% above the 90 average,…
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US west coast dockworkers approve new six-year contract
The US west coast is safe from the threat of strikes finally. Dockworkers have voted in favour of ratifying a…
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Asset manager joins forces with American shipping investment bank
ABL Corporation, a global independent asset manager with over $5bn in transportation and real estate assets under management, and AMA…
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Jamaica’s first floating dock arrives
German Ship Repair Jamaica Limited (GSRJ), a private joint venture of German, Turkish and Jamaican investors, has welcomed its first…
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Noble scores drillship contract in US Gulf
New York and Copenhagen-listed offshore rig owner Noble Corporation has sealed a deal with LLOG Exploration Offshore for its drillship…
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JP Morgan signs for more methanol dual-fuel tankers in China
JP Morgan has added to its methanol-powered product carrier orderbook in China with two more ships at Guangzhou Shipyard International…
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Panama Canal solutions sought
Solutions for the current and potential future water-saving restrictions imposed by the Panama Canal Authority (ACP) forms the lead story…
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