October 18th, 20190Offshore drilling rig operator Transocean has clinched new contracts for a drillship and two semi-submersible rigs. The 1990-built drilling rig Paul B. Loyd. Jr has been awarded a 255 day contract by Hurricane Energy in the UK North Sea, commencing from April 2020. The 2000-built drilling rig Deepwater Nautilus was awarded a 45 day...
October 16th, 20190Mediterranean Shipping Company (MSC) has signed shipbuilding contracts with South Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) for the construction of five 23,000 teu mega boxships for around $762m in total. The latest order is an option exercised by MSC as part of a 11-ship order made by the company back in...
October 4th, 20190Switzerland's Proman Shipping and Sweden's Stena Bulk have formed a new joint venture, called Proman Stena Bulk, which will own and operate tankers using methanol as a fuel. The 50-50 joint venue will initially bring in two IMOIIMAX MR methanol-powered tankers on long-term time charters. David Cassidy, chief executive of Proman,...
October 3rd, 20190Transocean has announced that is has deployed the world’s first hybrid energy storage system aboard a floating drilling unit. The system is now operational on 2009-built semi-submersible rig , currently operating at the Snorre field in Norway for Equinor. Transocean’s hybrid power technology reduces fuel consumption and captures...
September 27th, 20190Allseas Marine Contractors has been awarded an engineering, procurement, construction and installation (EPCI) contract by ConocoPhillips Australia for the Barossa gas export pipeline project. The contract includes procurement, transportation and installation of the 260 km pipeline as well as project management, engineering and...
September 24th, 20190Offshore driller Transocean has announced that it will relinquish its interests in two drillships under construction at South Korea’s Samsung Heavy Industries. The Ocean Rig Santorini and the Ocean Rig Crete were ordered by Ocean Rig, which Transocean acquired in 2018. Transocean says that upon relinquishment of the drillship,...
September 23rd, 20190Allseas has been awarded a contract by Repsol Norge for the removal, transfer, load-in to shore and disposal of the Gyda platform in the Norwegian North Sea. The contract covers both the topsides and jacket, and includes an option for reinstallation on another field, as well as an option for the removal and disposal of the jacket’s...
September 16th, 20190Cargill is putting its MR fleet into Maersk Tankers’ MR pool from the start of next month. The pool will be managed by Maersk Tankers, with members of Cargill’s tankers team joining to provide support on a full-time basis. The new team will be located across Copenhagen, Singapore and Houston and will cover all daily commercial and...
August 29th, 20191Nicholas Wirth’s Doris Maritime Services has sold the last four ultramax bulkers in its fleet to Chinese leasing house CDB Leasing. According to shipbroking sources, the company sold the four 2015 Cosco Yangzhou-built sister ships , , and to CDB Leasing for an enbloc price of $75m. MSI values the quartet at $71.6m. Following...
August 29th, 20190Commodity trading giant Trafigura has placed an order at South Korean yard Hyundai Heavy Industry (HHI) for the construction of two LPG-fuelled VLGCs. According to Korean financial media Maeil, Trafigura had been negotiating with HHI for the order since earlier this year and has finally made the decision to order the two 84,000 cu m...
