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Subsea 7 secures $250m extensions from Petrobras

Subsea 7 secures $250m extensions from PetrobrasSubsea 7 has been awarded contract extensions by Petrobras for three pipelay support vessels currently on long-term contracts offshore Brazil.

Singapore Exchange approves Rickmers Maritime's delisting

Singapore Exchange approves Rickmers Maritime's delistingRickmers Maritime, the failed boxship leasor of Bertam Rickmers, will be delisted from the Singapore Exchange (SGX), 10 years after its IPO, back when shipping trusts were all the rage in the Lion Republic.

Head of USCG warns that US not ready to tackle an oil spill in Arctic

Head of USCG warns that US not ready to tackle an oil spill in ArcticThe head of the US Coast Guard (USCG) has warned that the US is not ready to tackle the environmental consequences of an oil spill in Arctic waters.

Shipwreck Recovery to Commence in August

Shipwreck Recovery to Commence in AugustFlorida-based Swordfish Partners and Deep Blue Exploration have contracted Blue Water Ventures International

Cargotec Sales Figures Plummet

Cargotec Sales Figures PlummetCargotec Corporation said that the orders received for H1 for the period of January-June 2017 decreased 4 percent and totalled EUR 1.7bln (USD 1.9bln).

Golden Ocean Adds Golden Keen

Golden Ocean Adds Golden KeenGolden Ocean Group (GOGL) has announce that it has taken delivery of the last vessel, Q Keen (to be renamed Golden Keen), hence all 16 vessels are now delivered.

ABG Shipyard heads for bankruptcy

ABG Shipyard heads for bankruptcyDebt-laden ABG Shipyard, having defaulted on loan repayments, will now have bankruptcy proceedings initiated against it, a court in India ruled yesterday.

STX wins product tanker orders, waits on refund guarantees

STX wins product tanker orders, waits on refund guaranteesSTX Offshore & Shipbuilding is back in business. Having just exited court-mandated restructuring, the Korean yard has revealed it has won its first overseas orders for nearly two years.

Svitzer secures 15-year contract from Excelerate Energy

Svitzer secures 15-year contract from Excelerate EnergyTugboat operator Svitzer has secured a 15-year contract from Excelerate Energy to provide marine support services at Bangladesh's first LNG import terminal.

Maersk adds extra layers of IT protection in the wake of Petya attack

Maersk adds extra layers of IT protection in the wake of Petya attackMaersk has added extra layers of IT protection in the wake of the Petya ransomware attack that hit it very hard three and a half weeks ago.

OOCL opts for Shell lubes and services for world's largest box ship

OOCL opts for Shell lubes and services for world's largest box shipShell Marine is to provide Orient Overseas Container Line (OOCL) with its integrated marine solutions, which include lubricants and services, for the 21,413 TEU OOCL Hong Kong, the latest vessel to claim the title of "world's largest containership."

Rotterdam Port Throughput Up by 3.9%

Rotterdam Port Throughput Up by 3.9%With an increase in throughput of 3.9%, the port of Rotterdam can look back a good first half year. There was growth in eight of the ten market segments. The only falls were in the volumes of mineral oil products and other liquid bulk.

First Cargo of U.S. Strategic Reserve Arrives in China

First Cargo of U.S. Strategic Reserve Arrives in ChinaPetroChina is this week unloading the first Chinese purchase of crude oil from U.S. strategic petroleum reserves at a port in eastern China, according to shipping data and two industry sources.

Nigerian Navy Says Pirate Attacks Fall 68% From 2016

Nigerian Navy Says Pirate Attacks Fall 68% From 2016The Nigerian navy said pirate attacks in the country’s territorial waters fell 68 percent year-on-year in the first half of this year.

Duke Receives Funding for New Research Vessel

Duke Receives Funding for New Research VesselDuke University said it has received $11 million for the construction and operation of a new state-of-the-art vessel that will expand teaching and research capabilities at its marine lab.

Qatar Seeks to Open New LNG Markets with Floating Terminals

Qatar Seeks to Open New LNG Markets with Floating TerminalsQatar Gas Transport Company and Norwegian shipping business Hoegh LNG have embarked on a joint project to open new markets for Qatar to sell its liquefied natural gas (LNG) via floating import terminals.

African Petroleum Hopes To Get Clarity On Gambian Situation In August

African Petroleum Hopes To Get Clarity On Gambian Situation In AugustAfrican Petroleum (AP) has allowed for its exclusivity agreement with an unnamed oil and gas company

Flags of convenience pose national security risks: Australian Senate

Flags of convenience pose national security risks: Australian SenateThe Australian senate's inquiry into flag of convenience (FOC) shipping has warned that FOC's pose a threat to national security.

Officials take action as congestion sees boxships waiting for 12 days off Chittagong

Officials take action as congestion sees boxships waiting for 12 days off ChittagongChittagong Port Authority has moved to alleviate the congestion situation at Bangladesh's top port.

Turkish Petr. transfers assets to Turkish Petr. Int. Co

Turkish Petr. transfers assets to Turkish Petr. Int. CoThe cabinet decree for transfer is published in Official Gazette on Thursday

Horizon Shipbuilding launches new tug for McAllister Towing

Horizon Shipbuilding launches new tug for McAllister TowingWhile much of the media attention at Horizon Shipbuilding Inc., has focused on its construction of a series of passenger-only ferries for NYC Ferry, it is also building for another New York City customer.

Shanghai Stock Exchange questions Cosco over OOCL takeover deal

Shanghai Stock Exchange questions Cosco over OOCL takeover dealShanghai Stock Exchange has sent an inquiry letter to China Cosco Shipping Holdings, demanding more details on the company's recent offer to take over Hong Kong's OOIL.

Zhonghui Shipping order bulker at Wuhu Shipyard

Zhonghui Shipping order bulker at Wuhu ShipyardAnhui-based Zhonghui Shipping has signed a shipbuilding contract with Wuhu Shipyard for the construction of one 61,000 dwt bulk carrier plus an option to construct one more.

Nam Cheong halts debt repayments, appoints PwC as restructuring advisor

Nam Cheong halts debt repayments, appoints PwC as restructuring advisorMalaysian offshore shipbuilder Nam Cheong has moved forwad in its efforts to restructure its struggling business which is mired in debts of around MYR 1.84m ($428.4m).

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