Fred. Olsen Energy edges closer to financial restructuring
Norwegian drillship and rig operator Fred. Olsen Energy, owner of the yard that built the RMS Titanic, is considering a debt and equity restructuring that would…
Dry Bulk: Capesize, Panamax Rates Dip
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Tuesday on lower rates for capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 41 points, or 2.3 percent, at 1,732 points.The capesize index slipped 104 points, or 2.8 percent, to 3,550 points.Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as ir
Braemar Shipping Services Adds New LNGC 'LNG Schneeweisschen'
Braemar Shipping Services announced the successful delivery of the 180,000m3 Liquid Natural Gas Carrier (LNGC) called “LNG Schneeweisschen” from Daewoo Shipbuilding & Marine Engineering (DSME)…
V.Group Rolls-out Fleet Cell of the Future
V.Group, the leading global marine and offshore vessel management and support services provider, has announced the launch of its groundbreaking Fleet Cell of the Future…
Ports to Acquire Controlling Stakes in Dredging Corporation of India
India's three major ports, including Paradip in Odisha, may acquire a stake in Dredging Corporation of India (DCI) based on availability of surplus funds lying with…
Scorpio Bulkers Gets New Build Financing form Nordic Banks
Scorpio Bulkers announced that it has received a commitment from Nordea AB (publ), acting through its New York branch, and Skandinaviska Enskilda Banken AB (publ)…
DNV GL Provides Tech Support for 3 Norwegian Wind Farms
DNV GL, the world’s largest resource of independent energy experts and certification body, today announced that the company’s technical expertise was an important…
Kalmar Fleet Solution for Australian Container Freight Services
Kalmar, part of Cargotec, has won an order to provide Kalmar Fleet Solution of mobile equipment to Australian Container Freight Services (ACFS) operations in Adelaide…
California Port to Vote on Hydrogen Fuelling
The Long Beach Board of Harbor Commissioners is scheduled to vote Monday, Aug. 13, on a proposal by Toyota Logistics Services to reconfigure its facility at Pier…
British Ports Association to Push Coastal Shipping
The British Ports Association (BPA) will be holding a short targeted seminar on Thursday 29 November to discuss coastal shipping in the UK with ports and operators.
COSCO-OOIL Merger Has Great Synergy: Xu, Tung
The merger of Orient Overseas (International) Limited (OOIL) and COSCO Shipping Holdings offers can effectively combine the respective strengths of both and optimize our global network…
Harvey Gulf Proposes Merger with GulfMark
New York listed offshore services provider GulfMark Offshore, Inc. said it is reviewing an unsolicited merger proposal from rival HGIM Corp. (Harvey Gulf), just weeks after entering a definitive agreement to merge with larger rival Tidewater Inc.Harvey Gulf’s nonbinding competing offer submitted August 1 proposes that it be acquired by GulfMark and the combined company remain publicly listed. GulfMark…
Hochoa Takes Over as Bourbon CFO
French offshore services provider Bourbon Corporation announced Thierry Hochoa has been appointed as Chief Financial Officer effective as of August 6. He reports directly to Gaël Bodénès, Chief Executive Officer of Bourbon Corporation.Hochoa replaces Astrid de Bréon who resigned from her position as Chief Financial Officer from July 11.A graduate of IAE Paris, ESCP Business School and also CPA, Hochoa began his career in 1994 as an external auditor at Arthur Andersen, then Ernst & Young (EY).
LCS 18 Completes Acceptance Trials
Charleston (LCS 18), the ninth Independence-variant Littoral Combat Ship (LCS) constructed by shipbuilder Austal USA, completed acceptance trials in mid-July, marking the final significant milestone before the ship's delivery to the U.S. Navy.The at-sea acceptance trials, which involved the execution of intense comprehensive tests by the Austal-led industry team while underway in the Gulf of Mexico…
Uniwise Offshore Selects New High-speed Broadband Service
Offshore support vessel (OSV) operator Uniwise Offshore Limited has chosen a new high-speed broadband service to enhance the operations of its entire fleet of more than 30 vesselsUniwise Offshore will use Thaicom’s Nava enabled high-speed connectivity and solutions to focus on operational improvements, including optimized electronic document handling, as well as ship-to-ship and ship-to-shore communications for safer and more cost-effective operations.
Saudi Arabia Resumes Oil Exports through Red Sea Lane
Top oil exporter Saudi Arabia said on Saturday it has resumed all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb.Saudi Arabia halted temporarily oil shipments through the lane on July 25 after attacks on two oil tankers by Yemen's Iran-aligned Houthi movement.A statement by the Energy Ministry said shipments had resumed on Saturday."The decision to resume oil shipment through…
Cincinnati Teacher Completes Record trans-Atlantic Row
Cincinnati schoolteacher Bryce Carlson set a record for the fastest solo unsupported west-east row across the North Atlantic ocean on Saturday and also became the first U.S. citizen to complete the feat.The 37-year-old landed at the port of St Mary's in the Scilly Isles, off the coast of south-west England, some 38 days six hours and 49 minutes after he set off from St John's in Newfoundland.The previous…
GONDAN Wins Contract to Build a New Fast Ferry
The GRP Division of the Asturian shipyard has signed a contract to build a new fast ferry that will be the fastest catamaran built in Spain in polyester.GONDAN Shipbuilders…
Kosmos Energy Acquired DGE for $1.23 Bln
Kosmos Energy has agreed to acquire Deep Gulf Energy (DGE) from its private equity owner for $1.23 billion, according to a bourse filing on Monday, expanding the deepwater oil and gas firm's operations into the Gulf of Mexico.Dallas-based Kosmos, which currently operates in Africa and South America, will pay $925 million in cash and $300 million in Kosmos common stock to acquire DGE, with the transaction expected to close towards the end of the third quarter.Acquiring DGE's business will increas
Migrant Rescue Ship Won't Take People Back to Libya
Rescue ship Aquarius, which has picked up almost 3,000 migrants from the Mediterranean this year, will carry out rescue missions without waiting for orders from…
