Singapore-based product tanker giant Hafnia has agreed to acquire a 14.45% holding in Danish rival Torm from Oaktree Capital Management in a deal worth about $311.4m. The BW Group-backed owner will pay $22 per share […]
German owner TB Marine and Sweden’s Ektank have signed up for 22,000 dwt methanol-ready chemical carriers to join the IceChem Tankers pool. The Danish pool operator said four ships have been contracted, with the first […]
French OSV owner Bourbon has strengthened its long-standing relationship with ExxonMobil in Angola with a five-year charter for newbuild crew transfer vessels. The deal will see Bourbon Mobility deliver tailor-made 34-m crewboats to shuttle personnel […]
Malaysia’s Nam Cheong has terminated a charter deal for one of its offshore support vessels with an offshore wind farm contractor in Japan after the charterer failed to meet its obligations. The Singapore-listed company said […]
Saudi Arabia’s ADES has signed a multi-year contract extension with QatarEnergy for its jackup rig Aquamarine Driller, marking its second long-term award in Qatar this year. The deal secures the rig for a firm period […]
Daily Standup Top Stories China may be About to Unveil a New Global Currency: Dollar Dominance Challenged, Global Trade Reshaped September 3, 2025 Clark Savage In the ever-evolving landscape of global finance, whispers from Beijing suggest […]
In a bold move that underscores growing tensions over global environmental regulations, the United States has reportedly urged other nations to oppose a proposed United Nations deal aimed at curbing emissions from marine fuels, threatening […]
ENB Pub Note: I published Russia Wins in China with New Pipeline on September 2nd, and this article from Andrew Korybko’s Newsletter on Substack has some additional key points. We warned President Trump not to listen […]
In a significant move amid ongoing challenges in the oil and gas sector, ConocoPhillips has announced plans to reduce its global workforce by 20 to 25%, affecting thousands of employees. This restructuring comes as the […]
In the ever-evolving landscape of global finance, whispers from Beijing suggest that China may be on the cusp of a groundbreaking move: unveiling a new initiative that could position the yuan as a formidable contender […]
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