Europe
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BW Offshore establishes long term financial platform
BW Offshore has completed an implementation of a financing plan and established a long-term financial platform after receiving the required…
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Industrial espionage row erupts in the Mediterranean container transhipment market
Container transhipment business in the Mediterranean region is upset by a spy story emerging in the port of Gioia Tauro…
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Safe Bulkers amends loan facility with RBS
Safe Bulkers has announced that the company has agreed with the Royal Bank of Scotland (RBS) to amend certain financial…
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Hamburg and Amsterdam can take on London’s shipping role
Ralf Browatzki from AMB Executive Search argues Hamburg and Amsterdam are the best placed shipping cities to win from Brexit.…
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Deep Sea Supply makes loan changes
Deep Sea Supply has made amendments to its loan facilities and an agreement with DPC Serviços de Óleo e Gás…
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Transocean awarded semi-submersible contracts
Offshore driller Transocean has revealed a number of new contracts in its latest fleet status report. Semi-submersible rig Jack Bates…
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Eidesvik Offshore wins Statoil PSV contract
Norway’s Eidesvik Offshore has been awarded a contract by Statoil for platform supply vessel . The six month contact, based…
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RINA closes Edif acquisition
Italian classification society RINA has closed its acquisition of the entire share capital of the UK’s Edif Group Limited for…
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Brexit favours Singapore: Ince
Singapore’s position as a maritime hub is likely to be enhanced in a post-Brexit environment, according to Singapore-based Ince Law…
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MSC under fire over state aid allegations
A few weeks after the European Commission opened an in-depth investigation questioning whether the Italian government propped up Italian shipyard…
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Vard lays off entire workforce at Norwegian yard, shuts down Brazilian yard
Norwegian offshore shipbuilder Vard is facing major challenges amid the doldrums in the offshore sector resulting in layoffs, temporary layoffs…
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Maersk Drilling to shed another 140 jobs
Maersk Drilling is preparing another wave of redundancies in Norway as the contracts for jackups Maersk Gallant and Maersk Inspirer end. Maersk…
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UK nuclear sub collides with ship off Gibraltar
Britain’s newest and most expensive nuclear submarine collided with an unidentified merchant vessel off Gibraltar during a training exercise on…
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Shipbrokers follow traders to new instant messaging platform
Just over two weeks remain until major oil traders will cease using Yahoo Instant Messenger for good. Shipbrokers are following them to…
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Golden Close drillship begins contract with Odfjell in Malaysia
Odfjell Drilling has commenced drilling a well in an undisclosed location in offshore Malaysia for Petronas Carigali, using Golden Close…
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Keppel to build dredgers for Jan De Nul
Singapore-based shipyard Keppel Singmarine has won a S$100m ($73.6m) contract to build three trailing suction hopper dredger vessels (TSHD) for…
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Almi in for pair of VLCC newbuilds
Greece’s Almi Maritime has ordered two VLCCs at Hyundai Heavy Industries. The ships are costing around $85.5m each with delivery…
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D’Alesio completes restructuring
Leghorn-based D’Alesio group has successfully completed its debt restructuring process with the banks under Italy’s article 67 of the bankruptcy…
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Navig8 gets $66m loan for new product tankers
Navig8 Product Tankers has agreed a $66m senior secured credit facility with ABN AMRO Bank in Singapore for post-delivery financing…
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Havila and DeepOcean agree rate cut for subsea vessel
Havila Shipping and DeepOcean have negotiated a lower day rate for the subsea support vessel Havila Phoenix (built 2009), which…
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