News
Owners Sending Fewer Ships to Scrapyards
Shipowners’ interest is being diverted away from the recycling market with secondhand vessel values rising, according to Clarksons. This causes new tonnage in the market to generate firm competition between cash buyers. The number of Capesize bulk carriers sold for demolition in the year to date is
Report: Poland plans to restrict natural gas supplies from single source
Poland could limit the volumes of liquefied natural gas (LNG) imports from a single supplier to 70 percent of the total import volumes into the country.
GIIGNL updates its LNG custody transfer handbook
Responding to the changing LNG market conditions, the international group of liquefied natural gas importers (GIIGNL) issued its new LNG custody transfer handbook.
To sell or not to sell: Bowleven weighs options after boardroom row
Following a recent boardroom row, the UK-based oil and gas company Bowleven has launched a strategic review, which might include the sale of its assets or the sale of the entire company. Just last week, most of the company’s board was ousted in a vote called for by the Monaco-based activist sharehol
James Fisher Broadens OW Business Range by Acquiring Blade Repair Company
James Fisher and Sons is acquiring the entire share capital of Rotos 360, a provider of inspection, repair and reconditioning solutions for offshore wind turbine rotor blades.
James Fisher Broadens OW Business Range by Acquiring Blade Repair Company
James Fisher and Sons is acquiring the entire share capital of Rotos 360, a provider of inspection, repair and reconditioning solutions for offshore wind turbine rotor blades.
Alphaliner: Global Box Volumes Prosper in Late 2016
Following a slow first half of 2016, port throughput rebounded in the second half of the year pushing the global container volumes up by an estimated 1.8% during the year, compared to 1.4% seen in 2015, according to Alphaliner. The fourth quarter of 2016 was saw a particularly strong volume growth o
PGS adds last member of Ramform Titan-class to its fleet
Marine seismic company PGS has completed its newbuild program after naming its latest vessel Ramform Hyperion in a ceremony at the Mitsubishi Heavy Industries Shipbuilding Co. yard in Nagasaki, Japan on Wednesday. The Ramform design was created by Roar Ramde in the early 1990s. The first vessel of t
Search Starts for Two Missing Men after Collision off Barcelona
Spanish Maritime Safety Agency (Salvamento Maritimo) is searching for two crew members of a fishing vessel that went missing after the collision between a tanker and the boat off Barcelona on March 20. The 2014-built tanker Midvolga 2 collided with the fishing vessel El Fairell. As a result, the boa
Standard Drilling takes more interest in six platform suppliers
S.D. Standard Drilling has increased its stake in a company which owns six platform suppliers previously owned by World Wide Supply, a financially distressed offshore vessel owner. S.D. Standard Drilling informed on Wednesday it has entered into an agreement with Royal London Asset Management (RLAM)
JDR, Proserv in Nigerian pact
JDR, a subsea cable supplier, has teamed up with with Proserv Instrumentation Nigeria Ltd, expanding its presence in West Africa. The company said on Wednesday it would set up a service and maintenance base in Proserv’s operations facility in Port Harcourt, Nigeria. The two companies will offer comb
Shipping Confidence Steady amid Fierce Competition
Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. In February 2017, the average confidence level expressed by respondents was 5.6 out of 10.0, unchanged from
Offshore Wind Expands Manor Renewable Energy
After recently signing several contracts for offshore wind projects, Manor Renewable Energy (MRE) is expanding its teams both in the UK and across Northern Europe, and plans to surpass 100 staff by Q3 2017.
UK Turns to China to Boost Maritime Ties ahead of Brexit
The UK is steering its way to China to foster maritime ties ahead of the looming triggering of Article 50 which will lead to the break up of its unity with the European Union. The split-up will require the UK to establish new trade relations as those made through the EU would not be valid any more [