Sector
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ABB awarded contract for Guyana-bound FPSO
Swiss technology group ABB has secured work on an ExxonMobil floating production storage and offloading (FPSO) unit slated for the…
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Worley seals five-year deal with BP
Australian engineering firm Worley has secured a new five-year global framework agreement from BP. The deal will see the ASX-listed…
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Angelicoussis offloads its oldest VLCC for a firm price
The Angelicoussis Group has sold a vintage VLCC for a firm price. The outfit has let go of its oldest…
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KSS Line takes Scorpio MR tanker
In the middle of last week, New York-listed Scorpio Tankers revealed that it had sealed a deal to sell a…
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Appeal launched over fears for crews embroiled in Red Sea shipping crisis
Sailors’ Society has launched an urgent crisis appeal following mounting concern over attacks on ships in the Red Sea. The…
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CMA CGM ramps up UK logistics push with Wincanton takeover bid
French carrier CMA CGM has moved to buy UK logistics firm Wincanton for about $719m in cash. The offer has…
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Esvagt picks Turkish yard for SOV construction
Danish offshore shipping player Esvagt has contracted Turkey’s Cemre Shipyard to build a service operation vessel (SOV) that is planned…
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Biden: Air strikes are not deterring Houthis
The president of the world’s most powerful nation has conceded his nation’s military efforts to make navigation safe again in…
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THE Alliance members left with few options in wake of Hapag-Lloyd’s departure
The dramatic consolidation among container shipping’s global carriers over the past decade leaves the remaining liners of THE Alliance with…
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Venezuela seeks IMO help to get tankers trading again
Venezuela’s vice president, Delcy Rodriguez, has been in London, urging the new head of the International Maritime Organization (IMO) to…
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US sanctions Emirati tanker owner for violating Russian oil price cap
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on a United Arab Emirates-based…
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Toyota rides along with the likes of BW and Shell in Corvus Energy investment
Woven Capital, a venture arm of Japanese carmaker Toyota, has invested in Norway-based marine battery maker Corvus Energy. An undisclosed…
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Bahri takes two methanol-fuelled tankers on five-year charter
Saudi Arabia’s flagship carrier Bahri has penned a long-term deal with Swiss methanol producer and tanker owner Proman to charter…
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Flex LNG secures charter extension with supermajor
John Fredriksen-backed Flex LNG has won an extension for the charter of its 173,400-cu m LNG carrier . According to…
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AI imagines what the world’s most famous artists would have made of container shipping
The year 1956 is widely considered the moment when container shipping was born. On April 26 that year, American trucking…
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European offshore wind sets records with 4.2 GW coming online in 2023
Offshore wind in Europe saw a record 4.2 GW of new capacity come online in 2023 with €30bn ($32.6bn) of…
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Equinor faces 12-week strike in UK North Sea
Around 100 drillers employed by Odfjell Technology working on Equinor’s Mariner platform in the UK North Sea are set to…
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Copenhagen Infrastructure Partners launches energy island developer
Danish fund manager Copenhagen Infrastructure Partners (CIP) is launching a new company which will be focused on developing energy islands…
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N-Sea charters another Rederij Groen OSV
Dutch subsea services specialist N-Sea Group has entered into an agreement with Rederij Groen to long-term charter the vessel 2016-built…
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OSM Thome taps Odfjell Technology for Equinor FSU modification work
Odfjell Technology, a spinoff of Odfjell Drilling that specialises in offshore operations, has been awarded a contract from OSM Thome…
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