Norway
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Europe
DNV GL’s Tor Svensen retires
One of the most famous names in ship classification, Tor Svensen, is to retire from his position as DNV GL’s…
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Europe
GC Rieber unveils swingeing job cuts and write-downs
Norway’s GC Rieber says it plans to reduce its total headcount by 25% and its seafarer workforce by 28% during…
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Americas
Golden Ocean raises $200m in private placement, has plans for more
Fredriksen-led Golden Ocean has raised gross proceeds of NOK 1,718m ($200m) through a private placement of new shares, and has…
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Europe
Ship Finance International sells ageing anchor handler
John Fredricksen’s Ship Finance International (SFL) has announced that it has agreed to sell the 1999-built anchor handling tug supply vessel…
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Europe
BW Offshore slashes onshore headcount by 35%
BW Offshore is making drastic cuts to its onshore staffing levels in a bid to stave off the pressures brought…
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Dry Cargo
Golden Ocean readies plans for $200m equity issue in Oslo
Golden Ocean has announced further details of the private placement of new shares it is contemplating as part of its…
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Dry Cargo
Belships bulkers swap timecharters
The ultramax newbuilding reported sold yesterday by Belships is to replace one of the company’s supramaxes on a long-term timecharter…
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Europe
Greig Star completes sale and leaseback of open hatch vessel
Norwegian open hatch and bulk carrier specialist Grieg Star has sold 2013-built open hatch vessel to an undisclosed Japanese company…
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Dry Cargo
Golden Ocean takes financial measures to tide itself over during the bulk downturn
John Fredriksen’s Golden Ocean Group has amended all its bank loan facilities, further delayed newbuilds and pushed ahead with a…
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Europe
Statoil extends DOF anchor handler
DOF has been awarded a new contract by Statoil for anchor handler for a period of one year with a…
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Europe
Havila will keep going, despite $162m write-down and failed bail-out plan
Norway’s Havila Shipping says it will continue “ordinary operations” and will honour its existing contracts, despite massive impairment charges and…
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Europe
Boa Offshore gets full refund from Nantong Mingde for cancelled PSVs
Norway’s Boa Offshore has received the remaining 50% refund of its advance payments made to the Nantong Mingde shipyard for…
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Dry Cargo
Western Bulk Chartering invites investment
Western Bulk Chartering (WBC) is to offer existing shareholders in Bulk Invest the chance to buy shares in Kistefos Equity…
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Europe
Statoil starts $200m renewable energy investment fund
Norwegian energy giant Statoil has launched a new venture capital fund to invest in ambitious growth companies in renewable energy.…
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Europe
Farstad Shipping suffers $148m in impairment losses during 2015
Offshore shipping company Farstad Shipping says it will undertake NOK1,279m ($148m) in impairment losses during its fiscal year 2015. Of…
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Europe
Eidesvik Offshore get subsea vessel extension from Technip
France’s Technip is extending its contract for Eidesvik Offshore subsea vessel from the beginning of April. The new contract secures…
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Dry Cargo
Belships sells another bulker newbuilding and leases back
Norway’s Belships has sold an ultramax bulk carrier newbuilding to Japanese interests, from whom the company will lease the vessel…
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Europe
Höegh LNG quits FLNG
Norway’s Höegh LNG Holdings has decided to put all FLNG activities on hold to concentrate on its core business of…
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Europe
Creditors dismiss Havila’s bailout plans
Creditors failed to agree to Oslo-listed Havila Shipping’s revised restructuring plans, leaving the OSV firm on the brink. “Despite substantial…
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Europe
Atlantic Offshore wins contract offshore UK from Dana
Norway’s Atlantic Offshore has won an ERRV contract from Dana Petroleum for multi-role OSV . The vessel will be supporting…
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