Business & Finance
Equinor to Charter Nordic American Tankers’ Suezmax
The 158,600 dwt crude oil tanker Nordic Zenith would be chartered for a period of twelve to fifteen months.
Helix Buys STL
Helix Energy Solutions has acquired a majority stake in Subsea Technologies Group Limited (STL), an Aberdeen-based subsea engineering company. STL specializes in the design and manufacture of world-class subsea pressure control equipment, including well intervention, well control and subsea control
Diana Shipping’s Panamax to Earn More with Uniper
Diana Shipping agreed a higher charter rate for Panamax Leto with Uniper Global Commodities.
Maersk Invests in Its First Portuguese Startup
Maersk is to invest into the technologic startup Huub, marking its first ever investment in a Portuguese startup.
African Petroleum to combine with PetroNor in June
With the continued uncertainty related to AP’s blocks in The Gambia and Senegal, the transaction will bring much-needed stability
ION Makes Management Changes
ION Geophysical has appointed Chris Usher to succeed Brian Hanson as president and chief executive officer, following the retirement of Hanson and his resignation from board of directors, effective June 1, 2019. Chris Usher previously served as executive vice president of ION’s Operations Optimizati
Boa Offshore: North Sea AHTS spot market remains challenging and outlook uncertain
Norwegian offshore supply vessel owner Boa Offshore has said that the short-term picture in the offshore sector remains challenging as demand is recovering from a very low level. The situation in the North Sea AHTS spot market also remains challenging and the outlook uncertain. Boa has two AHTS vess
Ideol Portrays Floating Foundation Assembly (Video)
The French Ideol has shared a video showing the construction methods of its floating foundation. The ring-shaped floating foundation, known as the Damping Pool, has been developed and patented by Ideol and built by Bouygues Travaux Publics. The foundation is being used for the Floatgen floating wind
EA Technique loses MMHE FSO case
Malaysian vessel operator EA Technique has lost a case against the compatriot engineering and construction firm MMHE
Ernst Russ to Focus on Ship Investment, Management
Ernst Russ is to separate itself from the investor management sector and focus on ship investment and management.
Xodus Boosts Advanced Analysis Team
Energy consultancy Xodus has strengthened its team with the appointment of a new advanced analysis lead. Ismael Ripoll will be responsible for leading the team which specialises in finite element analysis (FEA) covering a variety of areas including steel and flexible pipelines, pressure vessels and
WFS Technologies Introduces New Riser Monitor
WFS Technologies has unveiled solutions to tackle the real-time monitoring of offshore risers both above and below surface, on fixed structures including jackets and braces. The new products allow for the measurement of 9-axis motion (vibration, orientation), local analytics and the reporting of rea
Scrubbers at Forefront of Safe Bulkers’ Compliance Solution
Safe Bulkers is getting ready for the IMO 2020 rule with scrubbers at the forefront of its compliance solution.
Katapult Ocean Launches 2nd Call for Accelerator Programme
The Katapult Ocean Accelerator Programme is looking for start-ups that provide solutions to the ocean challenges. Young tech companies, working with technology catering to aquaculture, fisheries, transport, offshore energy and ocean health are encouraged to apply for the Katapult Ocean Accelerator p