Sector
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TGS hit by tax investigation
The Norwegian government has notified seismic data firm TGS of a claim for compensation of up to NOK326m for the…
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Former presidential chief of staff Dirceu gets 23 years for role in Petrobras bribe scandal
The former chief of staff to Brazil’s ex-President Luiz Inacio Lula da Silva (known as Lula) was sentenced on Wednesday…
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Weather forecast and storm track data used by El Faro was outdated
A subscription weather service received by El Faro prior to its fateful final journey carried information that was at least…
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Dolphin Offshore scores brace of new contracts
India’s Dolphin Offshore has announced that it has secure a contract worth $3.99m from ONGC for underwater structural repair of…
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Port of Portland losing its last regular Terminal 6 container carrier
The Port of Portland in Oregon is losing its last significant regular container carrier with the announcement that Westwood Shipping…
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15 companies sign offshore engineering standards MOU
15 leading offshore-related companies have signed a memorandum of understanding (MOU) to establish engineering industry standards at the Offshore Technology…
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Dolphin Geophysical wins Black Sea seismic survey contract
Dolphin Geophysical, part of GC Rieber, is to undertake a seismic data acquisition and processing contract for Black Sea Oil & Gas…
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UASC seeks approval for possible ‘business combination’ with Hapag-Lloyd
Shareholders in United Arab Shipping Company (UASC) will vote soon to approve a “business combination” agreement with Germany-based container line Hapag-Lloyd. The…
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Siem Offshore buys out Secunda Canada
Norway’s Siem Offshore has bought the remaining 50% stake in Secunda Canada LP, which manages a “harsh-weather” fleet of offshore support…
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‘Owner’ of ghost ship Tamaya 1 and crew members located
A Nigerian man has claimed ownership of Tamaya 1, the “ghost ship” that ground on Liberian shores on May 3, and…
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DSIC to take over bankrupt shipyard STX Dalian
Splash understands that Dalian Shipbuilding Industry Corporation (DSIC), a major yard within Chinese shipbuilding conglomerate CSIC, has secretly reached an…
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KKR strikes deal to take on Greek loans
Private equity has made a very big splash in Greece just ahead of Posidonia. KKR & Co from the US…
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Seadrill does debt-for-equity deal
John Fredricksen’s Seadrill has privately negotiated an exchange agreement with certain holders of its outstanding 5-5/8% senior notes due 2017.…
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China Steel Express continues capesize clear out
Taiwan’s China Steel Express Corporation has offloaded a vintage capesize, the 1997-built 154,000-dwt , sending it to scrap at $290…
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Super-Eco Tankers in for product pair
Greece’s Super-Eco Tankers has placed an order for two firm 40,000 dwt IMO-II product tankers at South Korea’s Hyundai Mipo…
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Former El Faro captain had concerns about vessel’s stability and reliability of its boiler
A former captain of El Faro on Tuesday said he had had concerns about the cargo vessel’s boiler, its stability…
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Ensco rigs and job losses stack up
UK-headquartered offshore driller Ensco is cutting another 350 jobs, the result of a move to stack three drillships and a…
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Samsung Heavy submits self-rescue plan to Korea Development Bank
Samsung Heavy Industries has handed its self-rescue plan to Korea Development Bank (KDB), its main creditor, in an effort to help…
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Sinopacific Shipbuilding’s parent company in debt default
Shanghai Clearing House has announced that Evergreen Holding Group, the parent group of Sinopacific Shipbuilding, hasn’t been able to make…
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Shipbuilding as a demographic weather vane
“I look forward to the day we are not the world’s top shipbuilding nation.” On the face of it a…
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