Europe
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Pillarstone goes all in on RBD Armatori’s rescue plan
KKR-controlled turnaround fund Pillarstone has decided to go all in for RBD Armatori, the Naples-based shipping company whose non-performing loans…
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Hartmann finds buyers for AHTS fleet
Breakwater Capital and Hayfin Capital Management have bought into 11 anchor handling tug supply vessels from Hartmann Group, which has…
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Scorpio Bulkers secures funding for Golden Ocean ultramaxes
Emanuele Lauro-led Scorpio Bulkers has sealed a loan facility of up to $85.5m from Nordea Bank and Skandinaviska Enskilda Banken,…
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Subsea 7 buys out OCV stake from Solstad Farstad
Norway’s Subsea 7 has announced an agreement to acquire the remaining 50% shareholding in joint ventures Normand Oceanic and Normand…
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GC Rieber Shipping awarded option for survey vessel
British Antarctic Survey (BAS), a unit of the Natural Environment Research Council (NERC), has declared its fifth and final option…
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Trøim sets sights on dry bulk with launch of 2020 Bulkers
Tor Olav Trøim, once John Fredriksen’s right hand man, has created a dry bulk vehicle, placing orders for newcastlemaxes in…
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MSC shaves $26m off each of its five 22k teu ships ordered at Samsung Heavy
The price of the six 22,000 teu containerships that MSC ordered at Samsung Heavy Industries (SHI) in late September has…
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Plight of Malaviya Seven crew continues as auctioneer withdraws ship from sale
A solitary lowball bid for a detained OSV in Aberdeen yesterday saw an auctioneer cancel the ship’s sale, in the…
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Transocean drillship wins new $106m BHP contract
Transocean has clinched a new contract with BHP Billiton worth $106m for ultra-deepwater drillship . The new contract commences in…
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Subsea 7 ends Malaysian JV
Subsea 7 and Malaysia’s Sapura Energy have brought their joint venture, SapuraAcergy, to a close. SapuraAcergy’s heavylift and pipelay vessel …
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Wood awarded FEED contract for offshore gas platform
UK offshore engineering specialist Wood, formed by Wood Group’s acquisition of Amec Foster Wheeler, has secured a $12m front-end engineering…
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BBC Chartering and Jumbo join forces
As one heavylift marriage comes to an end, the nuptials of another have just been consummated. Two family-owned project shipping…
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Golden Ocean acquires two capesize bulkers
John Fredriksen’s Golden Ocean Group has announced the acquisition of two capesize vessels from affiliates of Fredriksen’s Hemen Holding at…
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Sevan Marine settles arbitration with Logitel and Teekay
Norway’s Sevan Marine has reached a settlement agreement with Logitel Offshore and Teekay Offshore Partners regarding the legality and potential…
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Fearnley calls the bottom of the offshore market
Fearnley Offshore Supply has called the bottom of the market and is seeing strong action in the offshore S&P markets.…
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G2 Ocean: Six months on
It is nearly six months since G2 Ocean began work on Labour Day, and the changes continue to roll in…
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Solstad Farstad secures contract extensions
Norway’s Solstad Farstad has secured contract extensions for two of its vessels. Construction support vessel Normand Pacific has been awarded…
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HSH Nordbank confident of takeover bids
The head of HSH Nordbank, a Hamburg ship financier, expects bids to come in the next fortnight to take over…
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Hybrid energy storage solution replaces traditional generator on an OSV
Technology group Wärtsilä has completed the installation of a hybrid energy system onboard the . The Norwegian vessel is now…
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Hamburg port dishes out more green incentives
The Hamburg Port Authority (HPA) is introducing a new environmental component into its fee rating system. The new fees are…
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