Sector
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Petrobras aims to sustain oil E&P investment levels in next five-year plan
Brazil’s state oil firm Petrobras on Thursday announced it will more or less maintain its investment plans for the period…
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Algoma seals deal to buy four lakers from American Steamship Company
Canadian Great Lakes operator Algoma Central Corporation on Thursday said it has an agreement to buy four lakers from New…
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Battered owners dare to dream for the first time in a decade
Shipowners who had managed to survive the tumult of the past decade dared to peer out of the gloom during…
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HSH Nordbank puts FSL Trust up for sale
As it seeks to find a suitor to take it over Germany’s HSH Nordbank has put the holding company of…
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International Seaways takes six Euronav VLCCs
American tanker operator International Seaways has revealed it is the company taking six modern Euronav VLCCs for $434m on the…
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Tankers approaching the low point of the cycle
Is the tanker market approaching the bottom of the cycle finally? That point of view is hinted at in the…
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Transocean semi-submersible awarded 22-well contract by Statoil
Offshore driller Transocean has been awarded a contract by Statoil Petroleum for 2009-built harsh environment semi-submersible . The rig will…
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Ultra Deep Solutions reveals another long-term charter
Fresh from sealing a five-year charter for newbuild dive support construction vessel Van Gogh, Singapore subsea owner Ultra Deep Solutions…
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Seacor Marine acquires four PSVs
US offshore vessel operator Seacor Marine has announced the acquisition of four platform supply vessels. According to Seacor Marine, the…
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Diana lands new capesize charter and panamax extensions
Dry bulk owner Diana Shipping has won a new charter contract for one of its capesizes, while also extending charters…
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Dynagas seals charter extensions with Statoil and PetroChina
Monaco-based LNG carrier owner Dynagas LNG Partners has entered into a new long-term time charter with Statoil for 2013-built LNG…
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Solstad Farstad awarded new contracts
Nowergian OSV giant Solstad Farstad has announced new contracts for two of its OSVs. Petrobas – Petróleo Brasileiro has extended…
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Quit the false fear mongering
Following on from Rod Johnson’s article on Wednesday, where he outlined how processes in place at sea are reasonably well…
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Odfjell Drilling semi-submersible wins Aker BP contract
Noway’s Odfjell Drilling has received its first call-off under the alliance agreement it signed with Aker BP last month. The…
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Land Offshore orders wind installation platform at Rainbow Offshore
Land Offshore, a new offshore engineering company based in Yancheng of Jiangsu, has placed an order at Nantong Rainbow Offshore…
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Sinopec rig awarded Nigerian contract
Chinese energy giant Sinopec has announced that subsidiary Shengli Petroleum Engineering has been awarded a contract to provide drilling services…
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USCG releases its Final Action Memo on the El Faro sinking
The US Coast Guard (USCG) on Thursday released its Final Action Memo about the 2015 sinking of the cargo ship.…
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Wärtsilä brings underwater services in-house with Trident acquisition
Wärtsilä has acquired Dutch underwater ship maintenance, inspection, and repair services firm Trident Group for a price of up to…
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PDVSA risks losing licence to operate oil storage facility on Caribbean island
Venezuela’s troubled state oil firm PDVSA could lose its licence to operate an oil storage terminal on the Dutch Caribbean…
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Mobile container terminal expansion moves a step closer
A planned $49.5million expansion of the container terminal at the Port of Mobile in Alabama came a step closer after…
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