Ensco Lost 2 Petrobras Contracts
Ensco Plc has concluded discussions with Petrobras regarding revised commercial terms with respect to some rig contracts. Ensco 6003 and Ensco 6004 had their contracts terminated effective May 1…
Pan Ocean on Recovery Path
S. Korea’s Pan Ocean Co. is expected to see its earnings improve amid rising Baltic Dry Index (BDI) that affects spot contracts accounting for more than half of…
East Asia Trio Agree to Boost Maritime Security
Foreign ministers and defense force chiefs from Indonesia, Malaysia and the Philippines signed a joint declaration on maritime security on Thursday, calling on all…
Somalia: IMB Warns Vessels to Remain Vigilant Despite Drop in Piracy
The International Maritime Bureau (IMB) has warned foreign vessels to remain vigilant when sailing in the Horn of Africa, despite a lull in piracy incidents in the region.
MPA Conducts Ferry Evacuation Exercise To Test Emergency Preparedness
The Maritime and Port Authority of Singapore (MPA) held a half-day ferry evacuation exercise today to test the readiness of various agencies to respond to potential…
