Region
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Liner Cape diversions equivalent to a trip to the Moon every week
Putting some perspective on just how enormous the rerouting of global trade has been in the wake of the Houthi…
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MSC faces $63m penalty in US regulatory dispute
Mediterranean Shipping Co (MSC) is looking at a potential $63m fine in the US for alleged violations of the Shipping…
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US targets Emirati shipmanager and 13 vessels in latest round of Iran-related sanctions
The US has imposed sanctions on a United Arab Emirates-based shipmanager and 13 vessels linked to its role in shipping…
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British shipyard to close
A British shipyard is closing. A&P Tees is a five-acre site in northeast England primarily focused on ship repair with…
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HD Hyundai unveils novel gas containment material
HD Hyundai is developing a plastic rival gas containment system to today’s dominant supplier, Gaztransport & Technigaz (GTT). South Korea’s…
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DP World teams with Rumo for new $500m grain and fertiliser terminal at Brazil’s Santos port
Dubai-based terminal operator DP World has partnered up with Brazilian railway operator Rumo to build a grain and fertilizer terminal…
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Scott McReaken quits Fredriksen’s rig companies
Scott McReaken has decided to step down as chief executive of John Fredriksen’s Northern Drilling and its semisub rig spin-off…
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Aramco suspends contract for another jackup rig
After Saudi Aramco already suspended deals with several rig owners, New York-listed offshore driller Valaris announced that its Saudi joint…
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Golden Energy Offshore finds work for PSV duo
Norway’s Golden Energy Offshore Services (GEOS) has won new short-term contracts for two of its platform supply vessels (PSVs). The…
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Sapura Energy awarded subsea services contract by Shell
Malaysian offshore services provider Sapura Energy has been awarded a contract to provide pan-Malaysia underwater services for the Petronas group…
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E. Nomikos buys panamax
Greece’s E. Nomikos Corp, a privately owned shipping company, has added its first ship in two years, tabling just under…
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Saudi Aramco suspends deals for Borr and Arabian Drilling jackups
Two more offshore drillers have received a contract suspension for jackup rigs in Saudi Arabia. The latest ones are Borr…
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Precious Shipping sells ageing supramax in fleet renewal push
Thai dry bulk player Precious Shipping has continued its fleet renewal push with the sale of a 2013-built supramax. The…
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DeepOcean lands long-term deal with Equinor
Norwegian offshore contractor DeepOcean has sealed a frame agreement with Equinor for marine services on both offshore renewables and oil…
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Washington seeks new ways to deescalate Red Sea shipping crisis
The US is trying a new carrot-and-stick approach in its dealings with the Houthis in Yemen. On the one hand,…
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Salvors wait for improved weather in Baltimore
Appalling weather conditions are set to ease in the coming days making salvage operations at Baltimore port easier. One of…
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Port damaged in Taiwan quake
Yesterday’s 7.4 earthquake which struck northeast Taiwan has damaged some berths at Hualien port. The quake, the most powerful to…
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Giant new Iraqi port touted as alternative gateway to Europe
Abu Dhabi’s AD Ports Group has entered into a preliminary agreement with the General Company for Ports of Iraq (GCPI)…
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Safeen Feeders vessel joins Stena Sonangol suezmax pool
AD Ports Group’s shipping arm Safeen Feeders has joined the Stena Sonangol suezmax pool, a joint venture between Swedish shipowner…
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ADES gets suspension notice for five jackups in Saudi Arabia
Oil and gas driller Advanced Energy Services (ADES) has mutually agreed with its client in Saudi Arabia to temporarily suspend…
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