Sector
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Sapura Energy awarded $197m worth of contracts
Malaysian offshore service provider Sapura Energy has been awarded a series of new contracts worth RM815m ($197m) in total. Sapura…
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OSV crew abandoned in Dubai highlight their plight
Eight crew stranded onboard the 1992-built OSV have gone public with their plight, claiming their employers abandoned them in Dubai…
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Seafarer happiness: The role for management and design
Steven Jones, the founder of the Seafarers Happiness Index, identifies why crew are less cheery about life at sea and…
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Turkish Petroleum awards Rowan two-well contract for jackup
Rowan Companies has been awarded a contract for operations in the Mediterranean Sea by Turkish Petroleum for 2011-built jackup rig…
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Equinor extends Prosafe accomodation vessel deal
Cyprus-based offshore accommodation vessel operator Prosafe has sealed an extension from Equinor for . The vessel, being used at the…
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DHT Holdings secures $50m financing for scrubber retrofit
Bermuda tanker operator DHT Holdings has secured $50m financing for its scrubber retrofit project. The financing is structured through an…
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Jumbo awarded transport and installation contract by Sapura Energy
Dutch heavy lift shipping contractor Jumbo has been awarded a contract by Malaysia’s Sapura Energy for the transportation and installation…
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Klaveness Combination Carriers raises $45m for newbuilds
Klaveness Combination Carriers has raised $45m via a private placement, funds which will be used to partly finance two vessels…
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Carsten Mortensen resigns as BW Group CEO
BW today announced that group CEO Carsten Mortensen has resigned for personal reasons after three years in the job and…
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SM Line to buy into Vinalines
SM Line, the new container player from South Korea, is in discussions to buy a 5% or 6% stake in…
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Maersk boxship docks in Bremerhaven, completing Arctic voyage
On Saturday the docked at Bremerhaven, completing the first voyage by a containership across the Northern Sea Route. The 3,600…
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Motia restructures with new investor waiting in the wings
Mestre-based Motia Compagnia di Navigazione has officially requested the local coast guard to reflag its fleet of seven tankers from…
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BP sells eight aframaxes to Union Maritime
BP’s dramatic pruning of its older ships continues apace with brokers reporting an en bloc deal for eight aframaxes. Subject…
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Europe has the capacity to recycle all EU-flagged ships
Europe has more than adequate capacity to recycle EU-flagged ships, according to new analysis from the International Ship Recycling Association…
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Fleet Management buys out NAESS
Hong Kong’s Fleet Management has bought out NAESS Ship Management for an undisclosed price, bringing the company’s managed fleet closer…
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FPSO orders back in vogue
More FPSOs have been ordered this year than at any time since the oil price crash of 2014, with plenty…
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Noble acquires newbuild Paxocean jackup for Middle East contract
UK-headquartered offshore driller Noble Corporation has acquired a Gusto MSC CJ46 design jackup rig from PaxOcean Group, and will use…
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Twelve crew taken from Swiss bulker off Nigeria
Twelve crewmembers from Switzerland’s Massoel Shipping-owned bulker were taken from the vessel in Nigerian waters on Saturday. The 2001-built handymax…
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Transocean newbuild semi-sub awarded six-well contract by Equinor
Offshore driller Transocean has been awarded a contract by Equinor for semi-submersible rig for the drilling of six wells in…
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Golar LNG crowned the stock pick of the decade
Financial analysts from Value Investor’s Edge have christened NASDAQ-listed Golar LNG as the “stock of the decade” as global LNG…
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