April 25th, 20180Baltic Exchange and digital container freight platform Freightos have jointly announced that the Freightos International Freight Index will now be audited by the Baltic Exchange and republished as the Freightos Baltic Indices.
The new indices will also include a new headline index - the FBX Global Container Index (FBX) – a weighted...
April 25th, 20180Acquisitive Finnish ship technology giant Wärtsilä has not given up the chase for Rolls-Royce’s marine business.
In an interview with Reuters, Wärtsilä’s CEO Jaakko Eskola was still planning acquisitions, hot on the heels of making a EUR210m move for tech firm Transas last month, with the marine side of Rolls-Royce now under...
April 25th, 20180Offshore driller Ensco has sold three drilling rigs for scrap as part of its ongoing effort to optimise its fleet according to the company's latest fleet status report.
The three rigs are 1979-built jackup pair, Ensco 81 and Ensco 81, and 2000-built semi-submersible rig Ensco 7500.
Following the sales, Ensco’s fleet will have 59...
April 25th, 20180The Baltic Exchange will be introducing a modernised code of conduct for shipowners, charterers and shipbrokers using the physical shipping and freight derivatives markets.
The new Baltic Code, which has a greater focus on fairness & competition, anti-bribery & corruption and benchmarking related issues than before, has been...
April 24th, 20180A profit warning from Clarkson gave the shipbroker its biggest daily fall in 25 years. Just over a month after saying there were signs of recovery in the shipping markets, Clarkson said clients were once again postponing transactions.
Clarkson said a "challenging environment in shipping and offshore capital markets" led to...
April 24th, 20180UK-based oil and gas service provider Petrofac has entered into an agreement to sell the deepwater derrick lay vessel JSD6000 to Shanghai Zhenhua Heavy Industries (ZPMC).
The transaction comprises the sale of all JSD6000 related assets held by Petrofac, including the owner furnished equipment, for a gross consideration of $190m and a...
April 19th, 20181A new website has launched this week aimed at providing owners all they need to know with looming environmental regulatory changes coming up. www.2020planning.com gives owners an overview of suppliers plans pre and post the upcoming fuel sulphur cap.
Created by UK firm Nautical Supply International (NSI) the subscription-based portal...
April 17th, 20180A pair of British owners have gone to China in bulker buying mode.
Brokers report that family owned Hadley Shipping has placed an order at Yangzijiang Shipbuilding for a pair of 82,000 dwt kamsarmaxes. Both vessels have Tier II specifications and were committed at $26.25m with delivery due next year.
Meanwhile, another British...
April 17th, 20180UK-based KCA Deutag has announced that its Norwegian subsidiary, KCA Deutag Drilling Norge, has been awarded an extension to its current drilling contract at the Ringhorne platform by Point Resources.
The four-year extension is for the provision of drilling operations and maintenance services at Ringhorne in the Norwegian North Sea,...
April 17th, 20180Longitude Engineering, aspecialist engineering consultancy and part of the London Offshore Consultants (LOC) Group, has developed a cost effective decommissioning barge concept for the removal of small oil and gas platforms for PTT Exploration and Production (PTTEP), a subsidiary of the Thai state owned oil company.
The primary aim of...
