The delivery of 24,000 TEU containerships to HMM will not be delayed.
Ship classification society Indian Register of Shipping (IRClass) has classed its first vessel under the Lebanese flag.
Searcher has completed the reprocessing of an additional 8,008 kilometers of 2D seismic data offshore Argentina as part of the Argentina Super-Tie 2D Reprocessing Project. The expanded coverage over the Malvinas and Austral Basins adds to Searcher’s existing data in the area, comprising over 19,000
Wood has decided to implement salary, headcount, and capex reductions as a response to the volatile market conditions. Wood will also be withdrawing its final dividend recommendation.
Havila Shipping has agreed another contract with Total in the UK for the platform supply vessel Havila Commander.
Polarcus, a Dubai-based seismic contractor, has recorded a decrease in its vessel utilization in the first quarter of 2020. The vessel activity decreased from 92 percent in Q1 2019 to 89 percent in Q1 2020. According to Polarcus’ update, on a contracted basis the vessel utilization dropped to 80 per
FSL Shanghai, a crude oil tanker, was sold to Performance Shipping.
DHT Holdings has secured time charters for six of its very large crude carriers (VLCCs).
Petrobras has joined numerous oil and gas operators in actions to reduce costs amid low oil price environment and coronavirus pandemic. Petrobras has also decided to lower its oil output.
Great Lakes Dredge & Dock Company announced today successful completion of a dredging project at Shinnecock Inlet on Long Island. Works on the $10.7 million West of Shinnecock Inlet (WOSI) emergency replenishment project started in early February. The area first experienced problems last October and
Scottish and Southern Electricity Networks (SSEN) has replaced the submarine electricity cable connecting the Isle of Jura to Tayvallich in Argyll, following a cable fault in November. SSEN connected the new cable to the main electricity network on Tuesday 31 March, returning the network to normal o
Danish giant Maersk closes the acquisition of Performance Team, a US warehousing and distribution company.
Oilfield services company TechnipFMC is taking a set of actions in response to the current market environment, including a 30% reduction in capex.
The crew member on board the giant containership CMA CGM Marco Polo tested negative for the coronavirus.
