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HomePress

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Press Releases

Bourbon
International News

Bourbon lines up newbuilds for ExxonMobil in Angola

September 4, 2025 Mariel Alumit

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 […]

Nam Cheong
International News

Nam Cheong pulls plug on Japan OSV contract

September 4, 2025 Mariel Alumit

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 […]

ADES
International News

ADES scores multi-year jackup extension deal in Qatar

September 4, 2025 Mariel Alumit

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 […]

BW Offshore
Exploration and Production

BW Offshore picked as preferred FPSO supplier for Equinor project in Canada

September 3, 2025 Mariel Alumit

Floater specialist BW Offshore has signed a head of agreement with Equinor confirming its selection as the preferred bidder for the FPSO unit for the Bay du Nord project offshore Newfoundland and Labrador, Canada. Bay […]

Eastern Pacific
Geopolitical

Eastern Pacific chemical tanker attacked by the Houthis

September 2, 2025 Mariel Alumit

A chemical tanker owned by Idan Ofer’s Eastern Pacific Shipping came under attack from the Houthis yesterday. The five-year-old, 20,000 dwt Scarlet Ray reported an explosion nearby while underway passing the coastline of Saudi Arabia. […]

Crude Oil News

Europe moves to snap back Iran sanctions

August 30, 2025 Stu Turley

ENB Pub Note: Sanctions don’t work as intended – That is a great line from Irina Slav, and the group of the UK, France, and Germany has lost its geopolitical might and influence. Becoming irrelevant […]

India
Exports

India charts $1trn maritime investment roadmap

August 29, 2025 Stu Turley

India has unveiled a $1trn investment plan to drive growth across ports, shipping and logistics, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal said at an ambassadors’ conclave in Delhi on Wednesday. The roundtable, […]

HD Hyundai
Finance

More details emerge about HD Hyundai yard merger

August 29, 2025 Mariel Alumit

HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the holding company of the HD Hyundai shipbuilding empire, has provided more details of the decision to merge its two flagship yards. Splash reported yesterday on the […]

Finance

Hanwha bankrolls Philly revival in showpiece of Korea-US shipbuilding pact

August 28, 2025 Mariel Alumit

Hanwha Group has unveiled a $5bn expansion plan for Hanwha Philly Shipyard as well as ordering 10 tankers to be built in Philadelphia, in a landmark moment for Korea-US industrial cooperation designed to revive American […]

Finance

OOCL admits upcoming US port fees will have ‘relatively large impact’

August 23, 2025 Stu Turley

Cosco Orient Overseas (International) Ltd (OOIL), the listed entity of Hong Kong container line OOCL, has conceded that October’s likely introduction of extra port fees for Chinese-linked tonnage could be painful. OOCL, owned by China’s […]

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