Europe
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Danish Ship Finance bought for $710m
A Danish consortium comprising private equity firm Axcel, and pension funds PFA and PKA has taken control of Danish Ship…
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Number of semi-submersible rigs will need modifications: DNV GL
Following an accident involving on December 30 2015, some 100 semi-submersible rigs approved by class society DNV GL will be…
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Myrvoll to step down at Rem Offshore
Arild Myrvoll has reached an agreement with the board of Rem Offshore to resign as CEO in the company with…
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Maersk installs new Damco boss as Sørensen departs
Maersk Group has announced that Klaus Rud Sejling, current head of East West Trades in Maersk Line, has been appointed…
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Zodiac snaps up aframax
Brokers tell Splash that the tanker division of Zodiac Maritime Agencies has picked up the 105,000 dwt tanker for $20.5m.…
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Statoil terminates North Atlantic Drilling contract
North Atlantic Drilling, part of John Fredriksen’s Seadrill, has announced that it has received a notice of cancellation from Statoil…
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Nordic American Tankers prices offering to raise $110m
Nordic American Tankers has revealed the pricing of its recently announced public offering. The company will raise $110m through selling…
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JB Rae-Smith appointed CEO of Swire Oilfield Services
Swire Group has appointed JB Rae-Smith as CEO of its specialist offshore cargo carrying firm Swire Oilfield Services. Rae-Smith, who…
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Farstad Shipping wins subsea work from Total
Norway’s Farstad Shipping has been awarded an 18 month contract by Total E&P Congo, via Petro Services, for 2015-built construction…
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Maersk linked with taking over both Hanjin and HMM
Maersk Line, fresh from announcing plans to seek acquisitions rather than build new ships, is being linked as the white…
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Samsung Heavy and GasLog close to sealing LNG orders
Samsung Heavy Industries (SHI) is being widely tipped to have just about clinched its first order of the year. Monaco-based…
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Ocean Yield takes two chemical carriers
Ocean Yield has agreed to acquire two 45,000 dwt IMO II chemical carriers for $35m per vessel in combination with…
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ESL Shipping in for ice-class LNG-fuelled bulkers
ESL Shipping has tapped Sinotrans & CSC Shipbuilding Industry Corporation’s Jinling Shipyard to build two LNG-fuelled bulk carriers. “The two…
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Farstad Shipping offloads AHTS
Farstad Shipping has announced that it has sold the 1998-built AHTS through its wholly owned subsidiary in Singapore. The vessel…
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Nordic American Tankers raises capital for fleet expansion
Nordic American Tankers has announced an underwritten public offering of 11,000,000 common shares. On September 23, the closing price of…
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Lithuanian captain accused of being drunk on duty
A 43-year-old Lithuanian captain appeared in a Belfast court yesterday accused of running a containership while drunk. Eugenijus Tulauskas was…
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Pappas takes cheap product tanker
Petros Pappas-controlled Product Shipping & Trading has snapped up a cheap MR product tanker, according to broker reports. The Greek…
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Sea Trucks Group earns Gulf of Mexico accommodation deal
Sea Trucks Group has won an accomodation and heavy lift contract for one of its vessels in the Gulf of Mexico.…
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SGX completes takeover of the Baltic Exchange, new CEO named
Shareholders have voted to approve the terms of the Singapore Exchange’s (SGX) acquisition of the Baltic Exchange, which from 2017…
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Five anchor handlers fixed to reposition drilling platforms
The spot market for anchor handling tug supply (AHTS) vessels today saw a flurry of activity for mobilising drilling platforms,…
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