Region
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Danish court convicts former Maersk Drilling rig manager of $3.5m fraud
A court in Denmark has found a Russian national guilty of defrauding Maersk Drilling out of some DKK 23m ($3.5m).…
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Life in a silo and its consequences
There is a management-speak jargon phrase about people working in ‘silos’ such that they are unaware of what their colleagues…
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Oshima branches out with feeder boxship design
Oshima Shipbuiulding, the Japanese yard widely regard as one of the finest builders of dry bulk vessels in the world,…
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Fujian Guohang Ocean Shipping to enter tanker sector
Fujian Guohang Ocean Shipping, a company mainly operates dry bulk shipping business, has announced that the board has approved a…
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New CEO for Bergen Group
Norway’s Bergen Group has appointed Hans Petter Eikeland as its new group CEO, replacing Asle Solheim who resigned in July.…
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Dorian shares not an option for BW LPG
BW LPG today has said that it will not exercise its option to purchase 6 million shares in Dorian LPG,…
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Tianjin Transport Authority senior official dies in office building fall
Dong Yongcun, head of administrative examination and approval department of Tianjin Transport Authority, died after falling from his office building…
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Hercules Offshore booted off the Nasdaq
Houston-based rig operator Hercules Offshore, which is currently going through a restructuring, has been removed from the Nasdaq. In a filing,…
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ASL Marine secures $100m worth of shipbuilding contracts
ASL Marine has announced that its wholly-owned subsidiary, ASL Shipyard, has secured new shipbuilding contracts worth about S$140m ($99.96m) for…
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Sainty Marine goes into arbitration with Celsius Shipping
Financially troubled shipyard Sainty Marine has announced that it has gone into arbitration with a shipowner, which is believed to…
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Two crew onboard support ship injured in blaze from pipeline rupture
Two men suffered injuries when a natural gas pipeline ruptured and caught fire while they were working on it from…
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McDermott awarded lump sum contract by Saudi Aramco
Houston-headquartered McDermott International announced on Thursday that it has been awarded a large lump sum contract with Saudi Aramco for…
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Ultrapetrol receives warning from NASDAQ exchange
Ultrapetrol’s share price has traded below $1.00 for the last 30 consecutive business days, prompting a written notice from NASDAQ,…
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World Wide Supply lays up two PSVs due to poor North Sea market
Norwegian medium size platform supply vessel operator World Wide Supply (WWS) has revealed today that it has decided to lay…
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DOF wins Canada job
Norwegian offshore specialist DOF has won its third contract this month, announcing today a new contract offshore Canada for PSV Skandi Flora.…
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Total sells North Sea gas terminal and pipelines for £585m
North Sea Midstream Partners is to pay £585m ($905m) for Total’s stake in the Shetland Island Regional Gas Export System…
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DSME drives down debt with golf course sale
As financially struggling Daewoo Shipbuilding & Marine Engineering (DSME) tries to engineer a turnaround, vast swathes of the conglomerate have…
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Chiyoda Corp and Ezra establish subsea JV in billion-dollar deal
Singapore’s Ezra Holdings and Chiyoda Corporation have signed a memorandum of understanding (MOU) that will see the Japanese company buy…
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Nigeria sends out further oil shockwaves
Sending further shockwaves to tanker owners calling in West Africa Nigeria’s state oil company said yesterday it has nixed its…
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Servowatch Systems: Much confusion surrounding autonomous vessels
Heybridge: Much of the debate about autonomous ships sweeping through the industry is off base, argues the CEO of a…
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