Europe
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Statoil cuts short Transocean drillship contract
Statoil has terminated a contract with Transocean for the drillship , which was scheduled to run through to the end…
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Workers walk out at Malta Freeport
Activity at parts of Malta Freeport has been halted after workers walked out in protest last night over scheduled annual…
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Nordic American Tankers refinances suezmax fleet
Nordic American Tankers (NAT) has extended and refinanced its current credit facility up to the end of 2020, which will…
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Hapag-Lloyd CEO joins Stolt-Nielsen board of directors
Rolf Habben Jansen, CEO of Hapag-Lloyd, has joined Stolt-Nielsen’s board of directors as a new director. “With his extensive industry…
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Gulfmark Offshore delays delivery of PSV from Simek shipyard
NYSE-listed Gulfmark Offshore has delayed the delivery of a newbuilding under construction at Norway’s Simek shipyard by 11 months. The…
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Viking Supply Ships receives early termination of $100m AHTS contract
Sweden-based Viking Supply Ships has received an early contract termination from an unnamed charterer for its anchor handling tug supply (AHTS)…
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Avance Gas withdraws takeover offer for Aurora LPG
Avance Gas has withdrawn its voluntary exchange offer for the acquisition of Aurora LPG. The offer period set by Avance…
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Rolls-Royce’s restructuring continues
Rolls-Royce’s restructuring continues with a new senior management structure announced. The current divisional structure of Aerospace and Land & Sea…
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Frontline fixes $500m loan
Frontline has signed a new $500.1m senior secured term loan facility with DNB Bank, Nordea Bank Norge, ABN AMRO Bank,…
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SBM Offshore secures $800m FPSO financing
The Turritella joint venture, led by SBM Offshore, has secured $800m project financing for FPSO Turritella. Financing will be provided…
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Amec Foster Wheeler awarded FPSO contracts by BP
Amec Foster Wheeler has announced that it has been awarded three contracts by BP to provide services to the Glen…
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Boardroom changes at Goldenport
Goldenport Holdings has appointed Bob Crawley as chairman to replace Chris Walton who, along with company founder Paris Dragnis, is…
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Baltic Dry Index plumbs new depths
The Baltic Dry Index (BDI) has reached a new all-time low for a second consecutive day today, falling 13 points…
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International Shipholding sells modern supramax
New York listed International Shipholding Corp is going to sell the modern supramax bulk carrier Bulk Americas. Market sources familiar…
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Star Bulk linked to sale of three capesize bulk carriers
Brokers report that Star Bulk has sold three bulk carriers this week for around $110.5m altogether. The NASDAQ-listed shipowner is…
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Avance Gas hopeful for Aurora LPG deadline day deal
With the offer period made by Avance Gas to takeover fellow Norwegian LPG player Aurora LPG set to expire today,…
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Premuda’s double aframax sale completed
The two aframax tankers – Four Atlantica and Four Antarctica – have been sold by Premuda as first reported by…
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Brodosplit Shipping Company in for 4 LNG-powered boxships
Croatian shipbuilder Brodosplit will build four LNG-powered container vessels. The 2,000 teu vessels were ordered by Brodosplit Shipping Company and…
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Wood Group lands $400m framework agreement with Statoil
Wood Group has been awarded a main contractor framework agreement to deliver maintenance and modification services to four Statoil installations…
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Saipem wins brace of contracts
Italy’s Saipem has been awarded two new offshore contracts worth a total of Euros 180m ($196.9m). Statoil has awarded Saipem…
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