United States
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Americas
New York dry bulk investment fund launches
Yesterday saw the launch in New York of the first freight futures exchange-traded fund focusing exclusively on dry bulk shipping.…
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Americas
Dorian LPG secures another Japanese sale and leaseback
Gas carrier operator Dorian LPG has entered into a $70m sale and bareboat charter arrangement for 2015-built VLGC . It…
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Americas
Ocean Rig pays down debt by $100m
George Economou’s Nasdaq-listed offshore drilling entity Ocean Rig has prepaided $100m of its $450m term loan facility. The payment reduces outstanding…
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Americas
Lukewarm bidding response to US’s biggest offshore energy rights auction
The biggest ever lease sale of US offshore acreages for oil and gas development yielded less than record results on…
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Americas
Elon Musk plans close encounter with LA shipyard for mission to Mars
Elon Musk is being tipped to take over an old American shipyard and to use the site in California to…
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Americas
Massachusetts ramps up opposition to planned offshore drilling expansion
The state of Massachusetts is ramping up its opposition to the US federal government’s plan for extensive expansion of offshore…
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Greater China
Seacosco takes over six resale PSVs from Cosco Shipping Heavy Industry
Seacosco Offshore, a joint venture formed by China Cosco Shipping and offshore operator Seacor Marine Holdings, has acquired six resale…
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Americas
McDermott and CB&I merger clears Russia antitrust obstacle
Houston-based offshore drilling services firm McDermott International cleared another hurdle on the way towards a potential $6 billion merger with…
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Asia
Japan Coast Guard pushes negligent homicide charges over Fitzgerald collision
The Japan Coast Guard has recommended negligent homicide charges for the USS Fitzgerald’s officer of the deck and the second…
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Americas
W&T forms JV for multiple drilling projects in the Gulf of Mexico
W&T Offshore, a Houston-based oil and gas E&P company, has announced a deal with a group of investors to form…
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Americas
European shipowners hit out at Trump’s proposed tariffs
European shipowners have said they disagree with the US President Trump’s decision to impose additional duties on imports of certain…
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Americas
‘Normal means nothing is normal. Normal means change’: ABS boss
Christopher Wiernicki, the chairman of American class society ABS, has once again impressed upon the shipping industry the need to…
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Americas
McDermott and BHGE win FEED contract for gas project offshore West Africa
US-based energy industry service companies McDermott International and Baker Hughes a GE Company (BHGE) on Monday announced they had won…
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Americas
US ports express concern over the effects of steel tariff
Some prominent US ports have registered their concern and disapproval at the planned steel and aluminium tariffs that President Donald…
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Americas
Harvey Gulf International Marine files for Chapter 11 bankruptcy
New Orleans-based offshore support vessel (OSV) company Harvey Gulf International Marine (HGIM) has filed for Chapter 11 bankruptcy protection in…
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Americas
American fund manager focuses on FFAs
American fund manager Breakwave Advisors is launching the first exchange-traded fund (ETF) focused on freight forward agreements (FFAs). The move…
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Americas
US Interior Secretary announces plan to improve offshore inspections
US Secretary of the Interior Ryan Zinke has introduced some initiatives to improve federal offshore oil and gas inspection procedures.…
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Asia
Singapore identifies poor US Navy training in tanker collision report
Singapore authorities have laid the blame on last year’s collision between the USS John S. McCain and the tanker on…
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Americas
Petrobras chief says sale of Texas refinery still in the works
Brazil’s state oil firm Petrobras is pressing ahead with plans to sell off its oil refinery in Pasadena, Texas, according…
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Americas
McDermott earns contract on BP project offshore Trinidad
Houston, Texas-based oil industry service company McDermott International has announced it has won a contract from BP Trinidad and Tobago…
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