Norway
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Europe
Vard secures contract for three vessels
Vard Holdings has announced it has secured a $70m contract for the design and construction of three vessels for an…
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Europe
REM and Solstad to merge
Kjell Inge Røkke has won his latest battle to steer further consolidation in Norway’s OSV scene. The Aker boss took…
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Contributions
All offshore roads lead north
Despite a slump in oil prices, there has been a surge of activity in the North Norwegian offshore sector. Herman…
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Europe
Viking Supply still negotiating with bondholders
Viking Supply Ships is still locked in negotiations with an ‘ad hoc’ committee of bondholders regarding proposed amendments to the agreement for its…
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Europe
Ocean Installer wins Malta FSU contract
Offshore engineering company Ocean Installer has been awarded a turnkey project for the procurement and installation of a spread mooring…
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Europe
Solstad fixes CSV to support cable laying project
Norway’s Solstad Offshore has fixed its construction support vessel (CSV) (9,778 dwt, built 2010) to Prysmian Powerlink on a one-year…
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Europe
Eni terminates Viking Supply Ships AHTS contract
Norway’s Viking Supply Ships has announced that it has received an early termination notice of the contract for the AHTS…
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Europe
BW Offshore establishes long term financial platform
BW Offshore has completed an implementation of a financing plan and established a long-term financial platform after receiving the required…
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Europe
Deep Sea Supply makes loan changes
Deep Sea Supply has made amendments to its loan facilities and an agreement with DPC Serviços de Óleo e Gás…
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Europe
Eidesvik Offshore wins Statoil PSV contract
Norway’s Eidesvik Offshore has been awarded a contract by Statoil for platform supply vessel . The six month contact, based…
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Europe
Vard lays off entire workforce at Norwegian yard, shuts down Brazilian yard
Norwegian offshore shipbuilder Vard is facing major challenges amid the doldrums in the offshore sector resulting in layoffs, temporary layoffs…
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Europe
Maersk Drilling to shed another 140 jobs
Maersk Drilling is preparing another wave of redundancies in Norway as the contracts for jackups Maersk Gallant and Maersk Inspirer end. Maersk…
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Asia
Golden Close drillship begins contract with Odfjell in Malaysia
Odfjell Drilling has commenced drilling a well in an undisclosed location in offshore Malaysia for Petronas Carigali, using Golden Close…
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Europe
Havila and DeepOcean agree rate cut for subsea vessel
Havila Shipping and DeepOcean have negotiated a lower day rate for the subsea support vessel Havila Phoenix (built 2009), which…
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Europe
Aker blocks Rem Offshore’s restructuring plans
Rem Offshore’s restructuring plans have been derailed. Aker Capital turns out to have been the major bondholder who decided to…
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Europe
Statoil extends charter of Solstad AHTS vessel
Statoil has extended its charter of a Solstad Offshore anchor handling tug support (AHTS) vessel by a further year from…
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Europe
BW Offshore rights issue 34% oversubscribed
BW Offshore’s rights issue in Oslo was 34% oversubscribed with 11.5bn subscriptions for new common shares. The rights issue closed…
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Europe
Stolt-Nielsen pays $575m to take over Jo Tankers’ chemical fleet
Stolt-Nielsen has agreed to acquire the chemical tanker operations of Jo Tankers for $575m. The transaction comprises 13 chemical tankers…
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Europe
DOF secures $450m loan for restructuring
DOF ASA’s lending banks have approved a new NOK3.8bn ($450m) senior loan facility for DOF Rederi, as part of the…
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Dry Cargo
Wilson sells another vintage vessel
Wilson has sold the bulk carrier to an unspecified company in the Marshall Islands for $450,000, a figure that suggests…
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