Europe
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Maersk Drilling secures extensions for jackup pair
Maersk Drilling has been awarded contract extensions for two jackup rigs in the North Sea. Maersk Resolve has secured a…
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Deutsche Bank takes non-performing Finaval loans from Unicredit
Another Italian shipownbing company has found itself on Deutsche Bank’s radar for investment. Following the cases of RBD Armatori and…
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Diana Shipping scraps bulker which grounded off Indonesia
Greek owner Diana Shipping has sealed an agreement to sell the 2004-built panamax bulker for demolition. Melite grounded at Pulau…
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S.D. Standard Drilling picks up PSV pair from ER Offshore
Norway’s S.D. Standard Drilling, part of Øystein Stray Spetalen’s Saga Tankers, is acquiring two platform supply vessels from Germany’s ER…
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Noble Corporation secures pair of new contracts
Offshore driller Noble Corporation has secured new contracts for a drillship and a jackup drilling rig, according to the company’s…
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CMA CGM creating start-up incubator
Rodolphe Saadé, CEO of France’s top containerline CMA CGM Group, has revealed plans to create a start-up incubator in the…
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Baker Hughes linked with Subsea 7 takeover
General Electric’s Baker Hughes recently held takeover talks with energy-services company Subsea 7, the Wall Street Journal has reported. Talks…
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Fugro sells trenching and cable laying business to Global Marine
Fugro has signed an agreement to sell its trenching and cable laying business to UK-based subsea cable installation and maintenance…
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Mario Mattioli elected chairman of Italian shipowner association Confitarma
Mario Mattioli, CEO of the Naples-based Cafima group, has been elected the new chairman of the Italian shipowner association Confitarma,…
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Shell Brazil contracts 4Subsea for flexible riser research project
Norwegian offshore oil and gas services company 4Subsea has been chosen by Shell Brazil to work on a research project…
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‘The later we leave decarbonisation, the more disruptive it will be for shipping’: LR CEO
In launching a new initiative to reduce shipping’s carbon footprint a senior figure in classification has given a stark warning…
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Maersk Drilling finds additional work for semi-sub in Malaysia
Maersk Drilling has been awarded a contract by Total E&P Malaysia for the semi-submersible rig . The new contract will…
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West Med congestion sees neopanamaxes heading to Tenerife for the first time
Residents on the normally sleepy island of Tenerife have been greeted by the sight of massive boxships of an unprecedented…
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Royal IHC takes 50% stake in Rotterdam Offshore Group
Dutch shipbuilder Royal IHC has acquired a 50% stake in Rotterdam Offshore Group (ROG), strengthening its ship repair and conversion…
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IMO boss says shipping has a ‘human duty’ to stamp out crew abandonment
The secretary-general of the International Maritime Organization (IMO) has spoken of shipping’s “human duty” to ensure crew abandonment is kicked…
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Gunvor looks to bolster shipowning division
Oil trading giant Gunvor Group is looking to boost the fleet size of its shipowning division, Clearlake Shipping, likely in…
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IAPH weighs in on port incentives debate
The new head of the International Association of Ports and Harbors (IAPH) has called for a greater harmonisation of standards…
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BigRoll unwinds
After just four and a half years, Dutch heavylift joint venture BigRoll is set to unfurl. Launched in 2013 as…
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Ocean Yield further extends charter of Lewek Connector
Norwegian owner Ocean Yield has extended the $40,000 per day bareboat charter to Emas Chiyoda Subsea, now part of Subsea…
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Cyprus’s president lays out the red carpet to lure more owners
Showing the huge economic importance of shipping to the island, the president of Cyprus was on hand Monday for the…
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