Sector
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Moundreas makes tidy profit from VLCC asset play
Nicholas G Moundreas’s NGM Energy sale and purchase department is busy. Less than two weeks after taking two suezmaxes from…
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Shell exercises options on Awilco Drilling decommissioning contract
Norway’s Awilco Drilling has confirmed that Shell UK has decided to exercise two options for 1983-built semi-submersible rig , covering…
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DSIC Offshore seeks new investors
DSIC Offshore, the bankrupt unit of state-backed Dalian Shipbuilding Industry (DSIC), has released a notice seeking new investors to restructure…
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Adani wins Yangon port contract
Indian conglomerate Adani Group has won a 50-year concession to develop an 800,000 teu a year box terminal in the…
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Dajin Heavy partners up with Yangzijiang for bulker order
Dajin Heavy Industry, the subsidiary yard of financially troubled Shanghai Bestway Marine & Energy Technology, has partnered up with Yangzijiang…
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DryShips buys newcastlemax bulker from George Economou for $50m
NASDAQ Capital Market-listed shipowner DryShips has agreed to acquire a 2017-built newcastlemax dry bulk vessel from an entity connected to…
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Fred. Olsen Windcarrier awarded turbine installation contract off Scotland
Fred. Olsen Windcarrier has been awarded a contract by MHI Vestas Offshore Wind for the transport and installation of 100…
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Eni signs offshore exploration and production agreement in Bahrain
Following a joint study conducted in 2016 and the signing of a memorandum of understanding in January, Italian oil and…
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Tankers to profit from contaminated Russian crude crisis
The halting of crude flows last week through Russia’s Druzhba pipeline following the contamination of supplies could have serious repercussions…
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Go slow movement driving shipping away from decarbonisation breakthroughs
Two wrongs don’t make a right. That was one of my Dad’s most annoying maxims that he’d deploy to drown…
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Survey highlights why enclosed space deaths remain alarmingly high
Seafarers and dock workers are still dying while working in enclosed spaces onboard vessels because there is not enough understanding…
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Sinokor swoops for five classic panamaxes
Splash can reveal the buyers of a swathe of Japanese boxship tonnage reported sold in yesterday’s Weekly Broker S&P roundup.…
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Neptune Dry snaps up a second ultramax from KN Maritime
Melina Travlos and her dry bulk outfit Neptune Dry Management have returned to Japan’s KN Maritime to acquire their second…
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Diana Shipping finds new charter for panamax bulker at reduced rate
Greek dry bulk owner Diana Shipping has sealed a time charter contract for 2007-built panamax vessel with Ausca Shipping in…
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TGS to acquire Spectrum
Norwegian seismic specialist TGS-NOPEC Geophysical has agreed a deal to acquire Spectrum, who owns the world’s largest 2D library. TGS…
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Island Drilling rig awarded one-well contract by Faroe Petroleum
Norway’s Island Drilling has been awarded a contract by Faroe Petroleum Norge for the utilisation of 2012-built semi-submersible rig Island…
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UK tipped to lead shipping’s hydrogen drive
The UK’s Committee on Climate Change (CCC), the government’s official advisory body, yesterday recommended it adopt a “net zero” goal…
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Green ammonia touted as shipping’s silver bullet to decarbonise
A new report suggests green ammonia can be shipping’s silver bullet towards decarbinsation. International shipping can meet its target of…
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Maersk invests in digital freight forwarder
FreightHub, Europe’s first digital freight forwarder, has raised $30m in its Series B financing round. Rider Global, a venture fund…
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Box rates slide in April
After two months of steady increases in long-term contracted rates for containership operators, the latest XSI Public Indices report from…
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