Petrochemical Producers Supply Chain Survey

Petrochemical Update recently reached out to their extensive network of petrochemical supply chain & logistics purchasing managers to an insight into budgets

Offshore Impairments Sink Maersk Group's Profit

Danish shipping and energy conglomerate Maersk Group reported a loss of USD 1.9 billion in 2016, negatively ...

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Maritime & Merchant Bank Open for Business

Maritime & Merchant Bank ASA (M&M), a niche bank for the shipping and offshore sector, opened its doors for ...

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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 ...

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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 ...

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Navig8 Group Extends Services to Offshore Market

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

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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 ...

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Farstad Writes Off USD 127 Mln in Vessel Impairments

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

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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 ...

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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 ...

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Vallianz Buys Two Newbuilt AHTS Vessels

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

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Offshore Headwinds Lead Havila to Restructuring

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

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Time to Invest in Shaky Oil Companies?

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

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China Whitelists Seven Offshore Shipbuilders

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

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Cosco Posts USD 82.1m Loss amid Market Woes

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

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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 ...

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Gallery: Offshore Energy Ready to Start

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

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Building of PSVs Slows Down

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

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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. ...

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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 ...

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White House Proposes Stricter Rules to Prevent Oil Spills

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

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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 ...

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