May 24th, 20190Teekay Corporation has agreed with Canadian Natural Resources (CNR) to extend the employment of its FPSO unit for one year. The extension will see the unit operating on the Banff field in the North Sea until at least the end of August 2020. Teekay says the extension is at substantially similar terms to the current contract, which...
May 23rd, 20190Justin Trudeau has moved to end a long simmering diplomatic spat with the Philippines. Canada’s environment minister, Catherine McKenna, said yesterday that Canadian trash that has been rotting in the Philippines for nearly six years will be back on Canadian soil before the end of June. Ottawa has awarded a contract to Bolloré...
May 21st, 20190Four months after a severe blaze ripped through it the boxship has finally reached its Canadian destination, delivering some of the containers that survived the fire. The Hapag-Lloyd vessel arrived in the Port of Halifax on the eastern seaboard of Canada yesterday, having spent nearly four months in the Bahamas. The ship caught fire...
May 15th, 20190Canadian owner Horizon Maritime has completed the takeover of the 2016-built anchor handling tug supply vessel from Bourbon and renamed the vessel Horizon Arctic. “The Horizon Arctic takes its place alongside Horizon Maritime’s growing fleet of harsh environment vessels, and we are delighted that this state of the art ship is...
May 6th, 20190Singapore’s PSA International, one of the world’s largest terminal operators, has won its first concessions on the eastern seaboard of North America. The company has finalised an agreement to acquire Halterm Container Terminal in the Port of Halifax, Canada, and Penn Terminals in Pennsylvania, US from Macquarie Infrastructure...
April 30th, 20190Teekay Corporation has entered into an agreement to sell all of its remaining interests in Teekay Offshore Partners (TOP), including 49% general partner interest, common units, warrants, and an outstanding $25m loan from the company to TOP, to Brookfield Business Partners and its institutional partners for $100m in total. The...
April 15th, 20191A new TV series, Disasters At Sea, starts tomorrow on Discovery Canada. The series will focus on one accident per show, starting with the sinking of the Derbyshire, an ore-bulk-oil combination carrier, which went down in a typhoon in 1980 off Japan with the loss of 44 lives. The series will also be available in the US via the Smithsonian...
April 5th, 20190Teekay Offshore Partners has sealed a new $414m debt facility to finance its four LNG-fueled suezmax shuttle tanker newbuildings, currently under construction at South Korea’s Samsung Heavy Industries. The vessel are scheduled for delivery in 2019 and 2020, with two of them headed for operations with Equinor and the other two...
April 1st, 20190Singapore offshore company Swiber Holdings has taken a significant step forward in its restructuring with the signing of an investment agreement on Friday with Canadian boxship leasor Seaspan Corporation worth up to $200m. Swiber, a marine engineering group, has been in judicial management for the past two years. Under the new...
March 8th, 20190German containerline Hapag-Lloyd has advised clients that it will take until the middle of April to offload all the boxes on the burnt 7,500 teu . The vessel caught fire off Canada's east coast on January 4, likely sparked from misdeclared cargo in a container. The fire quickly spread with the crew forced to evacuate and it took two...
