Norway
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Europe
Boa Offshore initiates financial restructuring
Norway’s Boa Offshore says that its current dire financial situation has lead it to commence work on a restructuring proposal…
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Europe
Havila Shipping avoids bankruptcy after bondholders approve restructuring
Norwegian offshore firm Havila Shipping has said that bondholders have agree to a restructuring, avoiding a potential bankruptcy which looked…
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Offshore
Rem Offshore sells off PSV
Rem Offshore has sold platform supply vessel to an unnamed “international customer” within the fishing industry. Rem says delivery of…
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Europe
Blystad in for supramax pair
Arne Blystad is off and running in his bid to become a serious bulker buyer. The Norwegian tycoon’s new dry…
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Europe
Havila will go bankrupt on Monday unless restructuring approved
Troubled Norwegian offshore firm Havila Shipping has told bondholders that unless they agree to its restructuring by Monday it will…
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Europe
Siem takes over Farstad Shipping
Kristian Siem will take over Farstad Shipping in the latest wave of consolidation sweeping the Norwegian OSV scene. Under the…
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Europe
MOL makes first OSV move, teams up with Kristian Røkke
The world’s largest shipowner by fleet numbers is moving into the depressed offshore vessel support field. Japan’s Mitsui OSK Lines…
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Europe
Aurora LPG board finally recommends BW takeover bid
The board of Aurora LPG has finally recommended BW LPG’s revised takeover offer. The board said today that the offer…
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Europe
Stolt-Nielsen completes Jo Tankers acquisition
Oslo-listed Stolt-Nielsen has completed the acquisition of the chemical tanker operations of Jo Tankers. The transaction comprises 13 chemical tankers and…
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Europe
Golden Ocean looks to delay newbuild payments
John Fredriksen’s bulker entity Golden Ocean is in talks with shipyards to delay newbuilding payments scheduled for this year having…
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Europe
Havila lays up three ships, lays off 70 crew
Norway’s Havila Shipping has laid up three vessels due to “market conditions” it said in a statement yesterday. Platform supply…
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Europe
Fire hits Statoil drilling rig
Statoil has reported that a fire broke out in an engine room on its semi-submersible drilling rig yesterday. Statoil’s emergency…
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Europe
Statoil takes over Brazilian offshore assets from Petrobras
Norwegian oil major Statoil has announced that it has completed the acquisition of Petrobras’ 66% operating interest in the BM-S-8…
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Europe
Farstad Shipping secures new contracts
Farstad Shipping has announced that it has been awarded four vessel charter contracts from Petrobras, Shell and Saipem. Petrobras has…
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Europe
Deep Sea Supply layups continue, 54% of fleet out of action
John Frediksen’s offshore support vessel firm Deep Sea Supply now has 20 vessels laid up, more than half its fleet.…
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Europe
GC Rieber Shipping secures West Africa charter
GC Rieber Shipping has entered into a time charter agreement with Marine Platforms Limited in West Africa for subsea construction…
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Europe
Siem Offshore Contractors awarded wind farm contract
Siem Offshore Contractors (SOC), a wholly owned subsidiary of Siem Offshore, has been awarded a contract for the transport and…
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Europe
EMGS secures Malaysian contract extension
Electromagnetic Geoservices has confirmed that it has entered into a firm contract extension with an oil company in Malaysia. The…
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Europe
Stolt-Nielsen gets approvals for Jo Tankers acquisition
Stolt-Nielsen has received unconditional competition authority approval of the company’s previously announced plans to acquire the chemical tanker operations of…
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Europe
Havila Shipping get extensions from Total and Statoil
Norway’s Havila Shipping has announced contract extensions from both Total and Statoil. Total E&P UK has extended the contract for…
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