Sector
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Oslo provides some relief for laid-up OSVs
Providing some relief for hard-pressed OSV owners, Norway’s industry minister has just announced that all laid up OSVs in the…
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Another blow for Port of Oakland as Outer Harbor Terminal files for bankruptcy
The Port of Oakland expressed disappointment at Monday’s decision of Outer Harbor Terminal to file for Chapter 11 bankruptcy. The…
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D’Amico sells MR tanker to Akar Shipping
Several market sources are reporting that d’Amico International Shipping is selling one of its tanker ships to a Turkish shipping…
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Star Bulk confirms capesize sale
Star Bulk Carriers has announced the sale of five-year-old capesize for $23.3m as reported by Splash last week. The Japanese-built…
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Former international head of Petrobras handed 12-year jail term for corruption
The former head of Petrobras’ international division was jailed for more than 12 years on Monday for his role in…
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Aker Solutions scores MMO contracts from ConocoPhillips
Aker Solutions has announced that its maintenance, modifications and operations (MMO) business in Norway secured two contracts for work at…
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Port of New York and New Jersey reopens following Friday’s strike action
Cargo terminals at the Port of New York and New Jersey were returning to normal service on Monday following Friday’s…
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GE Oil & Gas announces first global maintenance deal for SBM’s fleet of FPSOs
NYSE-listed GE Oil & gas, a subsidiary of the US conglomerate GE, on Monday announced what it says is an…
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CEO of Rem Offshore steps down
Åge Remøy will step down as CEO of Oslo-listed Rem Offshore on May 1, and will be succeeded by Arild…
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Premier Oil serves Ocean Rig with breach note
Ocean Rig has received a notice of breach of material obligations from Premier Oil, for which the Economou-led company’s semi-submersible…
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Statoil slammed for platform leak
Norway’s Petroleum Safety Authority (PSA) has slammed Statoil for a hydrocarbon leak on its Gudrun platform in the North Sea…
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Biafran separatists hijack and threaten to blow up a tanker in Nigeria
A foreign-flagged tanker has been hijacked in Nigeria and faces being blown up with its crew onboard if the federal…
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Stricken Modern Express under tow
Salvors have succeeded in getting a tow line fixed between the stricken Modern Express car carrier and a Spanish tug.…
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Armed guards to sail on vessels in Malaysia
The Malaysian Maritime Enforcement Agency (MMEA) says it will allow armed guards to travel on vessels transiting Malaysian waters. The…
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Western Bulk Chartering sold to chairman’s investment firm
Western Bulk has sold its subsidiary Western Bulk Chartering to Kistefos AS, a Norwegian private investment firm led by Christen…
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OCB Oilfield Services: Offshore skills gap looms
Dubai: The offshore sector faces a looming skills gap, warns a top name in recruitment today. Speaking with Maritime CEO,…
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Statoil enters Uruguay
Statoil has agreed with Total to acquire a 15% working interest in offshore exploration block 14 in Uruguay. Block 14…
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Mitsui Engineering and Shipbuilding moves into FPSO chartering
Japanese yard Mitsui Engineering and Shipbuilding (MES) has formed an FPSO chartering division. The yard acquired shares of Cernambi Norte…
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HMM readies fire sale to stave off bankruptcy
Investors in South Korea reacted positively today to Hyundai Merchant Marine’s (HMM) decision to offload stakes in a number of…
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Polarcus swings the axe on senior management
Dubai-based seismic specialist Polarcus has announced further cost cuttings as it comes to grips with the hostile business environment in…
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