VesselsValue CEO: Value of Majority Ship Types at Record Low

Richard Rivlin, CEO and founder of VV; Image Courtesy: VesselsValue

In May 2011, the mapping, ship search and valuation provider, VesselsValue launched its business operation, ...

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Subsea 7 Wins USD 1 Bn Contract

Image Courtesy: Subsea 7

Oslo-listed Subsea 7 has been awarded a contact in excess of USD 1.3 billion by Beatrice Offshore Windfarm Limited ...

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DryShips Turns to Black as It Pursues Debt Restructuring

Image Courtesy: Nasdaq

Greece-based owner of drybulk carriers and offshore support vessels DryShips Inc. reported a net income of USD 55.4 ...

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Teekay in a Refinancing Swoop as It Books Bigger Loss in Q1

Image Courtesy: Teekay

Teekay Corporation has reported a widened loss for the first quarter of this year booking USD 48.8 million GAAP net ...

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VesselsValue Launches VV Offshore

Image Courtesy: VesselsValue

UK-based vessel valuation provider VesselsValue has introduced a new division, VV Offshore, with the aim of ...

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BOURBON Misses Deadline to Obtain Financing for Gas Sector

Image Courtesy: BOURBON

French offshore supply ship owning company BOURBON has delayed its decision to acquire gas activities of JACCAR ...

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Brazilian Seafarers Facing Forceful Removal from Vessels

Image Courtesy: Transpetro

Military personnel may be used to forcibly disembark striking Brazilian seafarers from vessels operated by ...

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Braemar Shipping Services Eyes More Mergers and Acquisitions

Image Courtesy: Braemar Shipping Services

After it delivered stronger earnings through its merger with ACM Shipping which formed Braemar ACM Shipbroking, ...

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USCG, Shell Wrap Up Skimming Ops in GoM Oil Spill

Image Courtesy: Derick E. Hingle/Greenpeace

The oil spill response crews have concluded skimming operations at this time as they have recovered more than ...

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VIDEO: World's 1st FLNG Leaves DSME Shipyard

Image Courtesy: PETRONAS

The PFLNG SATU, the world’s first floating liquefied natural gas (FLNG) vessel owned by Malaysian oil and gas ...

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Atlantic Navigation Finds Work for Ten OSVs in Middle East

Image Courtesy: Atlantic Navigation

Provider of marine logistics services in the Middle East, Atlantic Navigation Holdings (Singapore) Limited, has ...

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Vallianz’s Order Book Surges to USD 1.2 Bn

Image Courtesy: Vallianz Holdings Limited

Singapore-based offshore support vessel provider Vallianz Holdings Limited has secured contracts worth up to USD ...

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USCG, Shell Continue Oil Spill Clean Up

Image Courtesy: Derick E. Hingle/Greenpeace

The US Coast Guard managed to remove more than 51,000 gallons of oily-water mixture after some 88,200 gallons of ...

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Oil Spills from Shell’s Pipeline in GoM

Image Courtesy: NOAA

An estimated 88,200 gallons of oil were reportedly released from a Shell subsea well-head flow line in the Gulf of ...

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Vard Clinches USD 300Mn Module Carrier Vessels Order

Image Courtesy: Vard

Norwegian shipbuilder and ship designer Vard Holdings Limited (VARD) has secured a USD 300 million contract for the ...

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Brazilian Seafarers Target Transpetro in Industrial Action

Image Courtesy: Transpetro

Brazilian seafarers’ unions affiliated to the Confederação Nacional dos Trabalhadores em Transportes Aquaviários e ...

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CargoFlexX Bags Order for Multipurpose Cargo Handling

Image Courtesy: CargoFlexX

Dutch engineering company CargoFlexX has won an order to provide a new generation of multipurpose cargo handling ...

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COSCO Corp Sinks into Red as Shipping Losses Pile On

Image Courtesy: COSCO

Singapore-listed ship repair, marine engineering and dry bulk shipping company COSCO Corporation (Singapore) ...

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Damen, GustoMSC Unveil DG JACK

Image Courtesy: Damen

The Netherlands-based Damen Shipyards Group and its compatriot GustoMSC are joining forces in order to produce a ...

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Golar-Schlumberger Tie-Up Unaffected by Fortuna Decision

Image Courtesy: Golar LNG

Schlumberger’s withdrawal from the Fortuna/Ophir development will not in any way influence the framework ...

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Spotted: Ulstein’s 1st X-STERN Afloat

The first of two service operation vessels being built for the offshore wind industry was launched yesterday at ...

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Shell Scraps USD 4.6 Bn FLNG Order at Samsung Heavy

Image Courtesy: Samsung Heavy Industries

South Korea’s shipbuilder Samsung Heavy Industries has received a contract termination for three floating ...

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BW Pioneer Secures Work for Three More Years

Image Courtesy: Petrobras

The oil and gas company Petrobras America Inc. has extended the lease contract for the floating production ...

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Sembcorp Marine Resorts to Arbitration over Sete Contracts

Image Courtesy: Sembcorp Marine

Singaporean shipbuilder Sembcorp Marine Ltd has launched an arbitration proceedings against various subsidiaries of ...

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6 Pirate Attacks in 24 Hours off Nigeria, Two Crew Kidnapped

Image Courtesy: Thinkstock image

Two crew members of an offshore supply vessel were kidnapped by pirates while their ship was underway around 97 ...

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Bumi Armada Seeks over USD 275 Mln for Cancelled Charter

Image Courtesy: Keppel

Malaysian offshore services provider Bumi Armada Berhad has, through its wholly owned subsidiary Armada Balnaves ...

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MISC Berhad Looking to Buy FPSOs and Tankers

Image Courtesy: MISC

Due to a depression in the offshore oil and gas industry, the Malaysia International Shipping Corporation (MISC) ...

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