Region
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Petrobras lifts ban on SBM Offshore
Petrobras has formally invited the Brazilian subsidiary of Dutch firm SBM Offshore to join in the Libra and Sepia FPSO…
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Shell’s Arctic pullout receives mixed reactions
Shell’s sudden and surprising decision to abandon its oil exploration in the Arctic received a range of reactions on Monday.…
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Somalia wants pirate prisoners to be repatriated
Around 100 Somali nationals jailed in Kenya for their alleged involvement in vessel hijacks could be repatriated to finish up…
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BG Group to drill in offshore Newfoundland
Repsol has sold its stakes in three non-operated positions in offshore Newfoundland, Canada to BG Group, which is expanding its drilling…
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Scorpio Services buys sixth tranche of Scorpio Bulkers shares
Scorpio Services Holding (SSH) has purchased 1,436,352 common shares in NYSE-listed Scorpio Bulkers, the sixth tranche of shares to be bought…
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Shell abandons oil exploration in offshore Alaska
Shell has abandoned its plans to explore prospects in offshore Alaska after failing to find sufficient reserves of oil and…
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Empresa Naviera Elcano orders two bulkers at Sinopacific
Spanish shipowner Empresa Naviera Elcano has ordered two 120,000dwt bulk carriers at China’s Sinopacific Shipbuilding. The vessels will be delivered…
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Hapag-Lloyd confirms plans for $500m IPO
Hapag-Lloyd expects to raise $500m (€447m) in its initial public offering (IPO) and has confirmed it will list its shares on…
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Havila Shipping lays up AHTS pair, cuts staff
Norwegian offshore specialist Havila Shipping has said today that it has decided to lay up AHTS vessels Havila Mars and…
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DOF Subsea scores contracts worth $351m
Norway’s DOF Subsea has been awarded several major contracts worth more than NOK 3bn ($351.2m) including options. The contracts are…
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Wisdom takes Namura handies
Ordering counter cyclically Taiwan’s Wisdom Marine is back in Japan for a pair of 34,000 dwt bulkers at Namura Shipbuilding.…
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Nikko Kisen sells cape
Several broking sources report Kobe-headquartered bulker specialist Nikko Kisen has just offloaded its oldest cape, the nine-year-old 177,656 dwt, Shagang…
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Teekay’s Tanker Investments upsizes share repurchase
Teekay Corporation’s special investment company Tanker Investments has announced today that the company is upsizing its existing share repurchase program…
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CMES seals COA deal with Vale
China Merchants Energy Shipping (CMES) has signed a 20-year contract of affreightment (COA) with Brazilian mining giant Vale through its…
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Topaz Energy and Marine heads to Vard for OSCV pair
Offshore shipbuilder Vard has announced that it has secured new contracts with Topaz Energy and Marine to build two offshore…
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ZC senior officials under investigation
Qingdao People’s Procuratorate has announced that Zhang Ruofu and Zhang Heng, director and vice director of Register of Shipping of…
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Shanghai Maritime and Finance Excellence Center: Cluster effect
Since leaving British classification society Lloyd’s Register more than a decade ago, Chinese national Ben Zhang has become a serial…
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Yangzijiang Shipbuilding teams up with CSBC
Yangzijiang Shipbuilding has signed a strategic agreement with Taiwanese shipbuilder CSBC to expand cooperation in shipbuilding projects. Under the agreement,…
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Singapore deputy PM outlines recruitment packages at record-breaking SSA dinner
Teo Chee Hean, Singapore’s deputy prime minister, received a rousing round of applause last night when announcing a further raft…
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Guyana and Venezuela oil-enhanced border row rumbles on
Guyana started military exercises on Friday, a move that could be seen as provocative by bigger neighbour Venezuela, with whom…
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