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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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Seadrill defers drillship and jack-up rig deliveries
Seadrill has delayed the delivery of two drillships it has under construction at Korea’s Samsung Heavy Industries until the end…
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Nan Tsing Container Lines on the rocks, suspends operations
Nan Tsing Container Lines, one of China’s largest domestic container shipping companies, has sent notice to all of its employees…
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Hackers steal $644,000 from a Cyprus shipping company
Hackers posing as a bunker supplier have stolen $644,000 from an unnamed shipping company based in Limassol, Cyprus. The shipping company…
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Tianjin Port president among many detained as authorities investigate explosion
Tianjin Port Group has announced today that Zheng Qingyue, president of the group, has been detained by authorities for dereliction…
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APM Terminals offloads Gioia Tauro container hub and bets on Savona Vado
Exactly 15 years after landing in Southern Italy’s main container hub, APM Terminals has now decided to sell its 33%…
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Prosafe wins Shell North Sea charter
Oslo-listed Prosafe has won a new contract from Shell UK for the Regalia semi-submersible accommodation vessel. The short duration contract…
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Uni-Asia readies to add four more
Uni-Asia Holdings has teamed up with its largest shareholder to buy four more bulkers. Singapore-based Uni-Asia has formed four joint…
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Schlumberger and Cameron International to merge in $14.8bn deal
Multinational oil field service firm Schlumberger on Wednesday announced it will acquire oilfield equipment maker Cameron International Corp of Houston,…
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Bunker explosion kills two in Brazil
A heating unit at a Petrobras depot in Brazil used to treat bunker fuel exploded yesterday, killing two workers. The…
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Nakilat and Maran expand LNG partnership
Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has expanded its joint venture with Greek shipping company…
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General manager of Hebei Port Group under investigation
China’s Central Commission for Discipline Inspection (CCDI) has announced that Li Min, general manager and vice president of Hebei Port…
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Mexico again adjusts its auction requirements for offshore oil rights
Mexico has again adjusted the requirements for bidders in its next auction of offshore oil and gas drilling rights, it…
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