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Offshore

Enersense sells its Marine and Offshore Unit

Enersense International signed a share purchase agreement to sell its subsidiary Enersense Offshore Oy, which constitutes the company’s Marine and Offshore Unit, to Davie....

Samsung Heavy wins $637M offshore facility deal in Africa

Samsung Heavy Industries, a major Korean shipbuilder, said on Monday that it has secured a deal worth 869.4 billion won ($637 million) to build...

Petronas to drill three exploration wells at Suriname offshore block, Staatsolie says

Petronas will begin drilling on Sunday, the first of three wells in an exploration campaign aimed at finding additional oil reserves at its offshore...

Subsea 7 – awarded contract offshore Egypt

Subsea 7 S.A. announced the award of sizeable1 contract offshore Egypt. Subsea7 will be responsible for the engineering, procurement, commissioning and installation of flexible pipelines,...

Reach Subsea ASA: Successful placement of senior unsecured bond issue

Reach Subsea ASAhas successfully completed a new 3-year senior unsecured floating rate bond issue of NOK 500 million. The bond will carry a coupon of...

Perdana Petroleum secures offshore vessel charter from petroleum arrangement contractor

Offshore marine services provider Perdana Petroleum has secured a new work order contract to provide an anchor handling tug and supply (AHTS) vessel. The group...

KNOT Offshore issues strategic & operational update

KNOT Offshore Partners LP provided a strategic and operational update on a number of developments involving fleet expansion, chartering, refinancing, and a common unit...

Seatrium secures FSRU conversion contract from Kinetics, a Karpowership initiative

Seatrium Limited announced the award of a Floating Storage Regasification Unit (FSRU) conversion contract from Kinetics, an energy transition initiative by global floating power...

Louis-Dreyfus Armateurs welcomes InfraVia as majority shareholder and Samira Draoua as CEO

The Louis-Dreyfus family, shareholder of Louis Dreyfus Armateurs (LDA), and InfraVia Capital Partners, a leading independent private equity company in Europe, are pleased to...

Shelf Drilling announces five-year contract extension for High Island V

Shelf Drilling announced that it has secured a five-year extension for the High Island V jack-up rig. The extension is in direct continuation of...

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Greek shipping industry turns to Euronext Athens

The Greek shipping community is turning its attention to Euronext Athens. Safe Bulkers, owned by Polys V. Hajioannou, made the first move. The company pursued...

TOP Ships announces net income of $6.5 million, diluted earnings per share of $0.61 and stockholders’ equity of $76.7 million for the six months...

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced its financial results for the six months ended June...

TORM announces secondary public offering of its class A common shares by a selling shareholder

TORM plc announced the commencement of a secondary public offering of 9,000,000 of the Company’s Class A common shares by OCM Njord Holdings S.à...

TEN sees 300% plus increase in 6-month net income; record 1H revenues

TEN reported results (unaudited) for the six months and the second quarter ended June 30, 2026. FIRST HALF 2026 SUMMARY RESULTS TEN's fleet generated record gross...

Samsung seeks $186 million from CMA CGM in landmark FMC complaint

Samsung Electronics America (SEA) has filed a formal complaint against CMA CGM with the US Federal Maritime Commission (FMC), demanding at least $186 million...

Vessels trickle through Strait of Hormuz as Middle East conflict persists

A total of 17 commodity vessels transited the Strait of Hormuz on the weekend,...

Greek shipping a key pillar of economy, citizens’ daily lives, minister says

The importance of Greek shipping to the economy and citizens’ everyday lives was highlighted...

Qatar Energy Chief says Bessent ‘wrong’ about Hormuz future

Qatari Energy Minister Saad Al-Kaabi said Treasury Secretary Scott Bessent is “wrong” when he...

Cruise Industry report shows measurable progress in environmental technologies and practices

Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, released...

Stop attacking merchant ships and seafarers: IMO Secretary-General to Member States

The Secretary-General of the International Maritime Organization, Mr. Arsenio Dominguez, has called on Member...

Piraeus container traffic soars 18% in August

Container throughput at the port of Piraeus remained strong in August, with a significant improvement recorded at Terminals II and III as the global...

Port of Los Angeles posts best three-month cargo stretch in its history

Port of Los Angeles waterfront workers processed  955,907 Twenty-Foot Equivalent Units (TEUs) in August, capping the busiest three consecutive months in Port history. More...

ATI and DP World commission six new hybrid cranes at manila South Harbour

Strategic partners DP World and Asian Terminals Inc. (ATI) have commissioned six state-of-the-art hybrid Rubber-Tyred Gantry (RTG) cranes at Manila South Harbour (MSH), strengthening...

PCT S.A.: New customs licence for cargo arriving by rail

A step towards enhancing the operational efficiency of the Piraeus Container Terminal is the granting of an Authorised Consignee licence to PCT S.A. by...

ZIM: Updated freight rates from Mediterranean & Black Sea ports

Updated Freight Rates from all Mediterranean ports & Black Sea ports to all USEC & Gulf, Puerto Rico, Canada, Mexico, Caribbean & South America...