Norway Strike Delays Equinor Drilling; Short-term Output Safe
Norway's Equinor does not expect its output to be affected "in the short-term" after a union escalated an industrial action among drilling workers on Monday, the firm said."More drilling and well operations are affected. We will get delays ...
Euro Zone Trade in Goods Surplus Shrinks as Exports Drop
Euro zone's surplus for goods traded with the rest of the world dropped in May as exports fell and imports increased, one month before United States' tariffs on European steel and aluminium kicked in, official data showed on Monday.The European Union's statistics office, Eurostat, said the 19-country currency bloc had a goods trade surplus of 16.5 billion euros ($19.3 billion) in May, compared with 19.3 billion a year earlier…
Baltic Index Rises on Strong Capesize Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Monday, driven by strong rates for capesize vessels.* The overall index - which factors in rates for capesize, panamax and supramax shipping vessels - rose 29 points, or 1.7 percent, to 1,695 points, levels last seen in December.* The capesize index was up 82 points, or 2.6 percent, at 3,238 points, highest since December.* Average daily earnings for capesizes, which typically transp
Low Water Levels Hinder River Shipping in Germany
Water levels on the Rhine and Danube in Germany remain low after recent dry weather and cargo vessels cannot sail fully loaded on some sections of the rivers, traders said on Monday.The Rhine is too shallow for normal sailings from Cologne to south Germany, traders said. All of the German section of the Danube is too shallow for full loads, they said.Shallow water means vessel operators impose surcharges on freight rates…
Tidewater and GulfMark Announce Merger
Tidewater Inc. and GulfMark Offshore, Inc. announced Monday that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies, creating the industry’s largest owner of offshore support vessels and continuing consolidation in the offshore sector.The combined company will be operated under the Tidewater brand and will be led by Tidewater president and CEO John Rynd…
Bisso Offshore Orders New Tugs from Eastern
Estern Shipbuilding Group announced it has signed a new contract with Bisso Offshore, LLC for the construction of two Robert Allan Ltd. RApport 2400 Ship Handing Tugs with escort capability.
d'Amico International Shipping Sells MT High Trust
Luxembourg-based d’Amico International Shipping announced that its operating subsidiary d’Amico Tankers signed a memorandum of agreement and bareboat charter contract…
Maersk Drilling Bags 2 North Sea Contract Extensions
Maersk Drilling has been awarded contract extensions for the high-efficiency jack-up rigs Maersk Resolute and Maersk Resolve by Petrogas E&P Netherlands B.V. and Wintershall Noordzee B.V.…
Fednav Adds 60th Owned Dry Bulk Vessel
Canada's Fednav Limited takes ownership of a 60th bulk carrier, an important milestone in Fednav’s history. This vessel, the MV Federal Dee, is the latest in a series…
ICTSI Wins Sudan Port Contract
Philippines-based International Container Terminal Services Inc. (ICTSI) said it has been chosen by the government of Sudan to handle the operations and management…
Court Dismisses Claim against Armada Seismic Invest II
The Supreme Court has dismissed claims of EUR 9 mln (USD 10.51 mln) from Norway's PGS Geophysical (UK) Limited against Armada Seismic Invest II AS in connection…
Star Bulk Carriers Lists on the Oslo Stock Exchange
The global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector Star Bulk Carriers Corp will commence trading on the Oslo…
Cochin Shipyard Signs Contract With IWAI For Ten Ro-Ro Vessels
Cochin Shipyard Limited and Inland Waterways Authority of India has signed a contract for roll-on-roll-off (Ro-Ro) vessels. The contract, which entails design, construction…
4 Recovered after Boat Collision near James River Bridge
Good Samaritans rescued four people from the water Saturday morning, after a collision between a recreational boat, with six people aboard, and an oyster barge being…
Sea Shepherd Says Endangered Blue Whale Killed in Iceland
An endangered Blue whale has been killed by an Icelandic whaling company Hvalur hf to be sold for export to Japan, a conservationist organization Sea Shepherd said.
Golar LNG Partners Completes Sale of Golar Hilli
Golar LNG Partners have completed the acquisition of 50 percent equity in FLNG Hilli Episeyo located offshore Kribi in Cameroon, from Golar LNG, Keppel and Black and Veatch.
Total Closes USD 1.5 bln Acquisition of Engie's Upstream LNG Business
Total announces the closing of the acquisition of Engie’s portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.5 billion.
Powering Ships with Plastic in Amsterdam
In the Port of Amsterdam, a new factory is being built that could revolutionize the way we dispose of plastic waste. Utilizing groundbreaking technology, the facility…
Port Security Training in Mexico
Being prepared in the event of a major maritime security incident is essential. To help address this issue, a maritime security training has taken place in Veracruz, Mexico (12-13 July).
Antwerp Port Sets New Records for 1H 2018
After a record first three months the port of Antwerp has also had an excellent second quarter with May as the best month ever. During the first six months of the year the port handled 118…
