Oslo-listed feeder owner and operator MPC Container Ships is looking to amend the terms of its $200 million bond issue and collect fresh cash in order to mitigate the negative impact from COVID-19 on the company’s liquidity. To that end, MPC Container Ships Invest B.V., the company’s wholly-owned su
Japanese utility JERA, French state-owned investment company ADEME Investissement, and Ideol have teamed up to develop commercial-scale floating offshore wind projects. The parties agreed on the key terms for the establishment of an investment vehicle dedicated to the financing of the development ph
Polarcus is taking further actions to streamline its business and adjust operational capacity to align with current market conditions. This follows on the $15 million cost reduction plan implemented due to the COVID-19 pandemic and oil price volatility. The company has additionally streamlined and r
Seadrill has transitioned to quotation on OTC Capital Markets following its delisting from the NYSE with Oslo Stock Exchange now being its primary listing.
Product tanker owner and operator Hafnia, a member of the BW Group, will soon enter a new product tanker segment with industry peers, established under the name of Hafnia Specialized, the company revealed. This business will handle tonnage below 25,000-dwt, Hafnia said, adding that more precise info
Finland-based ferry company Viking Line became the first shipping company in the world to get DNV GL’s verification in accordance with its My Care methodology for infection prevention. DNV GL launched the new certification for the maritime industry aimed at facilitating industry players to resume op
Equinor has received consent from the Petroleum Safety Authority (PSA) for exploration drilling in the North Sea using the Deepsea Atlantic rig.
Hunter Tankers AS, a wholly-owned subsidiary of Norwegian Hunter Group ASA, has received binding commitments for a $ 157.5 million loan facility from a syndicate of banks consisting of Danske Bank, DNB, Nordea, and SEB. The proceeds from the facility, along with available cash at hand, will be used
Carnival Corporation & plc., the world’s largest cruise company, suffered a multibillion-dollar loss in the quarter ended May 31, 2020, due to the suspension of cruise operations related to COVID-19.
Shelf Drilling has received an early termination of a drilling contract for a jack-up rig operating offshore Egypt.
Engineering consultancy Infinity has announced Stephen Hamilton as regional director and green-light for the expansion of the business. Infinity has now entered London energy market, which will operate as a hub for engineering support to the international arena. This should also strengthen the Aberd
A new digital company named ZeroNorth, a spin-off from Maersk Tankers, has been established, aiming to accelerate digitalization of shipping to address CO2 emissions and boost earnings. The company is making available the software Optimise (previously known as SimBunker) to vessel owners and operato
US energy giant Chevron is selling its stake in the Australian North West Shelf LNG venture after drawing interest from potential buyers. The company made a move to start a formal marketing process for its 16.67 per cent stake in the $34 billion project after receiving bids from several buyers. “Che
PICO GoS Limited, a Cheiron Group company, has achieved the first oil production from its appraisal well GNN-4 in the Geisum Concession offshore Egypt.
