NYSE-listed Seacor Holdings is being taken over by private equity firm American Industrial Partners (AIP) further reducing the roster listed shipping equities in the US.
Oslo-listed Awilco Drilling is contesting Singapore-based Keppel FELS’ unilateral decision to terminate a contract for the construction of a semi-submersible drilling rig worth about $425m.
Japan’s NYK Line has inked a memorandum of understanding (MOU) with the subsidiaries of Netherlands’ Fugro to develop offshore wind power projects off Japan.
Singapore’s PSA Marine has secured a EUR30m ($35.5m) sustainability-linked loan from compatriot DBS Bank that would allow the company to further expand its offshore wind business in Europe.
Shipping market forecasters can take solace in the fact the US election pollsters and pundits also have a dismal record as was drawn out in the latest Presidential election.
The Euronav-International Seaways joint venture has clinched a 10-year extension of contracts for two FSOs currently working for Qatar-based North Oil Company (NOC).
The “pivot” of vessel owner Scorpio Bulkers from kamsarmaxes and ultramaxes to wind turbine installation vessels (WTIVs) is likely to be a sharper and more ferocious turn than market observers were anticipating previously.
Singapore’s Keppel Offshore & Marine (Keppel O&M) and Energy Market Authority (EMA) have awarded a research grant to pilot the country’s first floating Energy Storage System (ESS).
Netherlands-based KOTUG International has been awarded a long-term contract by Esso Exploration and Production Guyana Limited (EEPGL) to provide offshore terminal towage support for operations in Guyana.
