Norway
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Europe
Team Tankers sheds two more
Oslo-listed Team Tankers is shedding elderly tankers. Brokers report that the company has sold two ships, the Sichem Sparrrow and her…
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Europe
Olympic Shipping staff get wage reductions
Norway’s Olympic Shipping is to implement voluntary wage reductions at its Fosnavåg office in Herøy as of today, reports say.…
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Europe
Transocean cuts another 230 jobs
Transocean in Norway is to make at least another 230 of its employees redundant from its offshore drilling operations, reports…
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Europe
Oceanteam settles out of court with Sawicon
Oceanteam has settled out of court with naval architecture firm Sawicon relating rights to and use of the North Ocean…
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Dry Cargo
Additional equity or bust? Bulk Invest’s last throw of the dice
Bulk Invest, the shorn off owning division of what used to be known as Western Bulk, has sent a written…
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Europe
Havila Shipping adjusts restructuring offer
Oslo-listed Havila Shipping has revised the terms of its restructuring agreement made a new offer to repurchase its securities from…
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Europe
Polarcus vessel gets bareboat charter extension in Russia
SCF Sakhalin Supply has extended its bareboat charter of Polarcus’ seismic survey vessel Vyacheslav Tikhonov by a further three years.…
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Europe
Aker Solutions dishes out pay cuts as further job losses loom
Aker Solutions has taken additional steps to cut costs and raise the competitiveness of its Norwegian maintenance, modifications and operations…
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Europe
Polarcus wins survey work off Norway
Dubai-based seismic operator Polarcus has been awarded a 4D project at a field offshore Norway. The survey, for an undisclosed client, will…
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Europe
Saga Tankers upsizes plan to increase share capital
Oslo-listed Saga Tankers has authorised a plan to raise its share capital by issuing new shares worth up to NOK…
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Europe
Wilhelmsen spins off Treasure entity holding Hyundai Glovis stake
Wilh. Wilhelmsen has revealed plans for Den Norske Amerikalinje, which owns a 12% shareholding in Hyundai Glovis, that will see…
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Europe
Technip scores Statoil double
France’s Technip has won a pair of lump sum contract for infield pipeline construction for Statoil at the Johan Sverdrup development…
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Europe
Hansson sounds off as Nordic American Tankers declares another dividend
Just after Nordic American Tankers (NAT) posted “the strongest full-year cash flow in the company’s history” this week, chairman and…
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Europe
Magseis scores Saudi Aramco seismic deal
Seismic specialist Magseis and partner BGP has been awarded a new large-scale ocean bottom seismic acquisition in the Red Sea…
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Europe
Eidesvik vessel exits lay-up to work for offshore wind company
Siemens Wind Power has chartered Eidesvik Offshore’s subsea support vessel for nine months to provide accommodation at project in Germany.…
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Europe
Volstad Shipping rejects DeepOcean charter termination
Norway’s Volstad Shipping has received an early termination notice from DeepOcean for IMR vessel . The vessel is on a…
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Europe
BOA Offshore gets 50% refund from shipyard after PSV cancellations
Norway’s BOA Offshore says it has received 50% of the principal amount of the advance payments from one of its…
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Dry Cargo
Western Bulk’s survival hangs in the balance
Having completed the sale of its chartering unit, Western Bulk (to be renamed Bulk Invest) is looking for ways to…
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Europe
Fred. Olsen to merge Bonheur and Ganger Rolf
Fred. Olsen & Co is to consolidate two of its publically listed holding companies by merging Ganger Rolf into Bonheur,…
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Dry Cargo
Western Bulk changes name, holds off payments to creditors
Under pressure Norwegian owner Western Bulk is changing its name to Bulk Invest and holding off all payments to creditors…
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