Region
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Singapore oil tanker found after hijacking
A Singapore-registered oil tanker MT Joaquim, which was reported missing in the Malacca Strait off Malaysia on Saturday, has been…
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MultiClient Geophysical acquires US East Coast library from Polaris
Norwegian marine seismic data provider MultiClient Geophysical (MCG) has acquired from Houston-based Polaris E&E Services their post stack reprocessed Atlantic…
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OSG investors settle in suit against firm’s executives, accountants and underwriters
Investors in New York-based Overseas Shipholding Group (OSG) have come to a $16.25 million lawsuit settlement with the tanker operating…
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US adds oil and gas field offshore Siberia to its sanctions against Russia
The US has extended its offshore oil industry sanctions against Russia by adding the Yuzhno-Kirinskoye Field in the Sea of…
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Former head of Petrobras’ international division among six charged with corruption
The latest batch of charges in the Petrobras corruption case have netted some of the biggest names yet. Among the…
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BSEE inspectors keeping constant watch on Shell’s Arctic drilling operation
The US Bureau of Safety and Environmental Enforcement (BSEE) confirmed on Friday that Shell’s Arctic drilling operation is being constantly…
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J Lauritzen sells its last capesize vessel
Denmark’s J Lauritzen has sold its last capesize vessels, marking its exit from the market. Today, brokers say Lauritzen has sold…
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Ocean Rig impairment hits Dryships with $1.44bn loss
Deconsolidating Ocean Rig has cost Dryships $1.35bn, which is chiefly responsible for the $1.44bn net loss the NASDAQ company recorded…
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Scorpio Services ups its stake in SALT again
Just a week after it bought a first tranche of shares, Scorpio Services Holding has returned to buy a second…
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Teekay buys IM Skaugen’s stake in lightering JV, will target US Gulf market
Teekay Tankers has completed the acquisition of IM Skaugen’s 50% stake in SPT, the ship transfer and lightering joint venture…
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Rumours of a Cosco and China Shipping merger boost stocks
Rumours that Cosco and China Shipping group are to merge have resurfaced, leading to a surge in speculative trading that…
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Hutchison fires up a storm Down Under with redundancies
Hutchison Ports Australia has kicked off a storm of protests at its terminals Down Under by making around 100 workers…
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GAIL tipped to have picked Hyundai Heavy for 9 LNG carriers
Hyundai Heavy Industries is being tipped in both Korean and Indian media circles as the winner of a very lucrative…
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Bunker supplier linked to OW fraud scandal declared bankrupt
What used to be one of Singapore’s largest bunker suppliers, Tankoil Marine Services, is bankrupt, according to Danish media reports.…
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EMGS wins Malaysia data acquisition contract
Norwegian offshore survey vessel operator Electromagnetic Geoservices (EMGS) has been awarded a contract from an unnamed oil company for 3D…
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Navigators hit with US fine for North Korean links
UK firm Navigators Insurance Company has agreed to pay a fine for its links with shipping lines from sanctions-hit North…
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Fujian Shipping Group: Regional powerhouse
Xiamen: Fujian, on the southeast coast of China, has always been an important shipping gateway for the country. The famous…
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Premuda offloads ageing tanker
Following the signing of a standstill agreement with creditor banks last month, Italy’s Premuda has initiated the sale of an…
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USCG airlift seafarer with suspected heart-attack from Wilhelmsen car carrier
US Coast Guard (USCG) personnel on Thursday night airlifted a suspected heart-attack victim from a car carrier off the North Carolina…
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Prumo sells stake in Acu oil terminal to Oiltanking for $200m
Prumo Logistica, the Brazilian firm that developed the port of Acu in Rio de Janeiro state, has sold 20 per…
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