Region
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Analysts Douglas-Westwood and Hannon Westwood bought by ESIA Group
Energy Software Intelligence Analytics (ESIA) has acquired UK-based upstream energy research firm Douglas-Westwood, which after the acquisition will be merged…
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SPT Offshore designs new wellhead platform in offshore Malaysia
A new wellhead platform (WHP) is to be built at Ophir Production’s offshore oilfield in Malaysia using a solution developed…
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Gener8 gets $260m loan for VLCC newbuildings
NYSE-listed Gener8 Maritime has agreed a senior secured credit facility for up to $259.6m of debt financing for the first…
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Maersk Drilling accommodation rig wins five-year contract in Denmark
Maersk Drilling’s jack-up accommodation rig will leave lay-up next year to be deployed on a five-year contract to Maersk Oil…
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Seoul debt restructuring vehicle anticipates plenty more ship buys in 2016
Korea Asset Management Corp (KAMCO) anticipates it will continue to buy up plenty of ships from locally distressed lines next…
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CMA CGM takeover of NOL confirmed
CMA CGM has won the race to acquire Singapore line NOL, announcing a $2.4bn general cash offer for the company…
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Polarcus restructures in order to survive
Dubai-based seismic specialist Polarcus has announced that it will go through a major financial restructuring process. The company has initiated…
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Seafarer made redundant commits suicide at office of former employer
A 31-year-old seafarer committed suicide by hanging himself at a crewing office in Manila on Saturday. The 31-year-old, John Elejan,…
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Adani plans to go international with its port network
India’s Adani Group, now the nation’s largest private port operator, has eyes on making overseas terminal acquisitions. The company held…
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Transocean wins two year semi-sub contract from Husky
Transocean has been awarded a two year contract for semi-submersible rig from Husky Oil Operations for work offshore Canada. The…
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Hanjin Aqua aground on the Sundra Strait
The 4,500 teu remains hard aground in Indonesia’s Sundra Strait. The Korean vessel ran aground off Sangiang island on Friday.…
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Vallianz wins charter contract for four AHTS vessels
Singapore’s Vallianz Holdings has won a contract to time charter four anchor handling tug supply vessels from an existing customer…
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Otto Marine wins charter for newbuild work maintenance vessel
Singapore headquartered Otto Marine has announced today that it has secured a long term bareboat charter contract for a 238-men,…
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Storm Desmond rips into ships around the UK
Gale force winds that battered the British coastline this weekend resulted in at least two shipping casualties. The German owned…
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CMA CGM on verge of NOL acquisition
With hours until a deadline is set to elapse for France’s CMA CGM to buy out Singapore’s Neptune Orient Lines…
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Vale to sell its last 11 VLOCs
The valemax shipowning adventure is coming to a close for Brazilian miner Vale. The huge gamble that never paid off…
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Fire on Caspian platform kills 32
A fire which broke out on an oil platform in the Caspian Sea has killed 32 people. The platform belongs…
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USCG and MST in talks to release bulker as investigation continues
The US Coast Guard (USCG) said on Friday it continues to hold a German owned and operated, Liberian-flagged cargo ship…
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Kongsberg withdraws its appeal in Rolls-Royce Marine case
Kongsberg Evotec has decided to withdraw its appeal on a court settlement with Rolls-Royce Marine, in order to save “further…
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Ocean Installer scores first Nigeria contract
Ocean Installer has won a contact from Folawiyo Aje Services for offshore construction work at the Aje Ph1 project off…
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