NYSHEX CEO: Digitization Is the New Normal

CEO of New York Shipping Exchange speaks about progress made so far and future plans.

Spotted: Blue Queen Readies for Conversion

Blue Queen, a standard platform supply vessel, will be converted to W2W ERRV.

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Video: Giant Spar Platform Mated off Norway

A dual vessel float-over operation of the Aasta Hansteen topside has been completed off Norway.

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Maersk's Focus Switch Prompts Moody's Rating Review

Maersk's separation of energy companies from its core business might drive its rating downgrade, according to Moody's.

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World's Largest Semi-Submersible Crane Vessel in the Making

China Merchants Industry Holdings has won a contract for construction of a 'revolutionary' semi-submersible crane vessel.

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Keppel Nabs USD 96 Mn in Contracts

Keppel Offshore & Marine has won projects worth a combined value of approximately USD 96.1 million.

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Jumbo Inks LoI for LNG-Powered Heavy Lift Vessel

Jumbo signed a Letter of Intent with China Merchants Industry Holdings for the engineering and construction of a ...

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Worker Dies after Falling from Maersk Drilling Rig off Norway

A worker has passed away following a fall on Thursday from the Maersk Interceptor jack-up drilling rig, off Norway.

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Excelerate Energy Buys Exmar’s Share in FSRU Quartet

Excelerate Energy has bought out 50 percent stake in four FSRUs from Belgium's Exmar NV.

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V.Ships Offshore Takes FSO under Management

V.Ships Offshore wins ship management contract for the floating storage and offloading vessel Pertamina Abherka.

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Worker Dies Aboard Petrobras' Drillship

A worker died on board one of the drillships operated by Brazil’s oil and gas producer Petrobras. The ...

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Tanker Market to Ride Out Another Year of OPEC Cuts

Aimed at rebalancing the oil market, the Organization of Petroleum Exporting Countries (OPEC), joined by non-member ...

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Libra FPSO Starts Charter Contract in Santos Basin

The floating production storage and offloading (FPSO) unit Pioneiro de Libra has achieved first oil and started a ...

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SBM Offshore Settles Bribery Case, Agrees to Pay USD 238 Mn

Netherlands-based SBM Offshore and its US subsidiary have agreed to resolve criminal charges involving bribes in ...

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Hoegh LNG Pulls the Plug on FSRU Charter Deal with GEI

Owner and operator of floating LNG import terminals Höegh LNG Holdings has terminated the 20-year charter contract ...

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Ophir Opts for Alternative Financing for Fortuna FLNG

Africa’s first deepwater FLNG project situated in Equatorial Guinea, Fortuna FLNG, has been faced with some ...

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Paradise Papers: What They Really Mean for Shipping?

The release of the Paradise Papers, a global investigation that revealed the offshore activities of some of the ...

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FPSO Umuroa Bags One More Contract Extension

BW Offshore has received a one-year contract extension for the lease and operation of the FPSO Umuroa. The FPSO is ...

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Liberia Scores a Win for Shipping in Brazilian Court

The Liberian Registry, in co-operation with the International Chamber of Shipping (ICS), has assisted the holder of ...

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Weak Tanker Rates Push Sovcomflot to Red

Russian shipping company PAO Sovcomflot (SCF Group) ended the first nine months of 2017 in loss as tanker spot ...

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Shanghai Waigaoqiao Disposes of USD 1 Bn Offshore Newbuilds

Due to the overall sluggishness in the offshore market, China State Shipbuilding Corporation (CSSC) opted to ...

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ICBC Invests in BW Offshore's Catcher FPSO

Operator of FPSO units BW Offshore has closed a contract with a nominee of the financial leasing firm ICBC ...

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Mitsui & Co. Takes 49 Pct Stake in BW Integrity FSRU

Japan’s Mitsui & Co. has formed joint venture with gas shipping company BW Group Limited to own the ...

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First Unmanned Vessel Joins UK Ship Register

The UK Ship Register has signed its first-ever unmanned vessel to the flag.  As explained, the move shows how the ...

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Statoil Picks Sembcorp Marine for FPSO Construction

Statoil has signed a letter of intent with Sembcorp Marine Rigs & Floaters in Singapore for the construction of ...

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Fincantieri Secures Enough Work for Six Years

Italian shipbuilding major Fincantieri reported a total backlog of over EUR 25 billion (USD 29 billion) in its ...

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Fincantieri Launches New Bid to Delist Vard

Italian shipbuilder Fincantieri has rolled out a new proposal to seek the privatization of Vard Holdings via a ...

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Two Injured in Fire on Shell Enchilada Platform

Two people were injured in a fire that erupted on Shell Enchilada oil platform in the Gulf of Mexico, Wednesday, ...

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