April 8th, 20200Survey specialist Bibby HydroMap, part of Bibby Marine, has gone into administration with KPMG’s Andrew Stone and Rick Harrison appointed joint administrators. Formerly Osiris Projects, the company was established in 1997 providing hydrographic, geophysical, UXO, ROV and asset inspection surveys. Cash flow issues led to the...
March 31st, 20200London-listed Tufton Oceanic has acquired the 2012-built 33,500 dwt handy bulker from Cypriot owner Interorient Shipmanagement. According to shipbroking sources, Tufton Oceanic bought the Weihai Samjin-built ship for a price of around $7m. The price is significantly cheaper than the MSI valuation of and VesselsValue valuation...
March 30th, 20200UK-based oil exploration and production company has confirmed that a crewmember on the FPSO at its Lancaster field has tested positive for Covid-19. The worker was evacuated and transported onshore by a coastguard helicopter and is now receiving medical treatment. Production operations at the field have not been affected so...
March 30th, 20200A fire broke out at Bristol Port's Royal Portbury Docks on Saturday and while a Greek bulk carrier was being loaded. According to a notice by the Bristol Port Company, a piece of loading equipment caught fire during loading operations onto the 2005-built 83,000 dwt grain carrier , which is operated by Greek company Astra...
March 27th, 20200Offshore driller Valaris has received termination notices for one of its drillships and a jackup rig, and anticipates more contract cancellations in light of increased market uncertainties. Total has terminated the contract for drillship Valaris DS-8, currently operating off Angola. Valaris said the operating day rate for the ship is...
March 24th, 20200UK-owner Union Maritime has placed an order at Hyundai Heavy Industries for the construction of two LPG-fuelled 91,000 cu m VLGCs, according to brokers. Allied Shipbroking is reporting that the contract includes a firm order for one vessel and options for another one. The price for the vessels is $79m each, and delivery is scheduled...
March 20th, 20200i3 Energy has entered into a drilling contract with Dolphin Drilling to utilise either the Borgland Dolphin or Blackford Dolphin semi-submersible drilling rig for a minimum 82-day programme offshore UK. The contract is due to commence by September 2020, and may also be extended for a period of 78 days. The project is for the...
March 18th, 20200The UK Chamber of Shipping spoke with the maritime minister Kelly Tolhurst yesterday and demanded an immediate multi-million pound government support package to ensure the shipping industry can continue to bring in the food, goods and medicines the UK will need to fight the coronavirus. After the conference call, UK Chamber of...
March 17th, 20200Gas shipping firms Navigator Holdings, Pacific Gas and Greater Bay Gas Co have formed the Luna Pool, focused on moving LPG cargoes with a specific focus on ethylene and ethane. The Luna Pool will commence operations in April with a combined fleet of fourteen handysize vessels between 17,000 cbm and 22,000 cbm. Commercial and...
March 12th, 20200The International Maritime Organisation (IMO) closed its headquarters today as a precautionary measure to the spread of the coronavirus. IMO staff are working from home where possible. The IMO said in a statement that it had decided to close its London HQ following yesterday’s decision by another United Nations body, the World...
