Transformation of How Ports Operate Imminent

IBM expert discusses digitization of the maritime industry.

MOL Signs Deal for USD 988 Mn Loan

Japanese shipping company Mitsui O.S.K. Lines (MOL) has entered into an agreement for a JPY 100 billion (USD 988.6 ...

read more →

Otto Marine Gets Acquisition Offer, Extends Trading Halt

After last week’s reports that an undisclosed party was looking to buy Singapore’s offshore marine ...

read more →

Navig8 Group Extends Services to Offshore Market

Maritime services provider Navig8 Group has decided to enter the offshore energy market with an agreements to ...

read more →

DryShips to Renegotiate Loans amid USD 2.8 Bn Loss

Greece-based owner of drybulk carriers and offshore support vessels DryShips Inc. reported a full-year net loss ...

read more →

Farstad Writes Off USD 127 Mln in Vessel Impairments

Norway’s offshore service vessel provider Farstad Shipping has decided to undertake impairments totaling NOK ...

read more →

Oil Crisis Pushes Den Helder to Hedge Its Bets

Due to the current oil crisis, the Dutch Port of Den Helder has decided to opt for a substantial transition from ...

read more →

BW Offshore Gets One, Loses One

FPSO contractor BW Offshore said that Ithaca Energy has decided to terminate the charter contract of the FPSO BW ...

read more →

Vallianz Buys Two Newbuilt AHTS Vessels

Singapore-based offshore services provider Vallianz Holdings Limited has signed an agreement to acquire two ...

read more →

Offshore Headwinds Lead Havila to Restructuring

Norway-based offshore vessel owner Havila Shipping is preparing for “severe financial challenges for the ...

read more →

Time to Invest in Shaky Oil Companies?

Current low oil prices could lead to increased acquisition of distressed offshore companies by offshore investors, ...

read more →

China Whitelists Seven Offshore Shipbuilders

The Chinese government has issued a list of companies involved in offshore shipbuilding that made it to the so ...

read more →

Cosco Posts USD 82.1m Loss amid Market Woes

Cosco Corporation (Singapore) Limited, a Singapore-listed ship repair & marine engineering and shipping group, ...

read more →

Offshore Headwinds to Hit Rolls-Royce Harder than Expected

A devastating offshore market is expected to impact UK-based developer and producer of marine engines Rolls-Royce ...

read more →

Gallery: Offshore Energy Ready to Start

Finishing touches are under way for this year’s edition of Offshore Energy Exhibition and Conference in ...

read more →

Building of PSVs Slows Down

Completion of Platform Supply Vessels’ (PSVs) construction has taken a nosedive as affected owners delay the ...

read more →

Law on Lifting US Oil Export Ban Heads to Senate Floor

The U.S. Senate Energy Committee passed a bill aimed at lifting the ban on exporting domestic crude oil production. ...

read more →

Update: Bourbon’s Kidnapped Crew Freed

The three crew members of Nigerian nationality who had been kidnapped off the coast of Nigeria in April have been ...

read more →

White House Proposes Stricter Rules to Prevent Oil Spills

The Obama administration has proposed tightened well control regulations aimed at ensuring better protection of ...

read more →

Image of the Day: Kleven's Newbuilds Test Their Mettle

Kleven’s newbuild duo are pictured here testing their mettle in the North Sea. The two are purpose-built ...

read more →

AKD: Lack of Ship Definition Threat to Investors

Rotterdam-based law firm AKD says that the lack of an unambiguous term to describe a ‘ship’ in several ...

read more →

How Will Oil Price Drop Impact Namibia's Ship Repairers?

Namibia’s ship repair industry serving the offshore sector is bracing for impact amid drop in oil prices that ...

read more →