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MISC to deliver and operate Papua New Guinea’s First Floating Storage & Offloading Unit

MISC Group announced its maiden entry into Papua New Guinea, having secured long-term Bareboat Charter and Operations & Maintenance contracts with ExxonMobil PNG Limited...

Aker Solutions awarded long-term MMO frame agreement by Aker BP

Aker Solutions has been awarded a major five-year contract with Aker BP for Maintenance, Modification and Operation services (MMO). The contract covers all Aker...

Havila Shipping ASA: Contract with TotalEnergies for PSV Havila Herøy

The company has signed contract with TotalEnergies EP Norge AS for the PSV Havila Herøy.The contract is for an operation planned to be 136...

MISC secures ExxonMobil charter for Papua New Guinea’s first offshore floating facility

MISC Bhd has clinched a landmark chartering contract from ExxonMobil PNG Ltd to supply a floating storage and offloading (FSO) unit in Papua New...

Transocean to acquire Valaris

Transocean and Valaris announced on Monday that they have entered a definitive agreement to combine the two offshore drilling companies, with Transocean acquiring Valaris...

DOF Group ASA – Contract award for well intervention services in North America

DOF Group ASA announced a Substantial* contract award with Shell Offshore Inc. for the provision of Hydraulic Subsea Well Intervention Services. Under the contract, DOF’s...

Solstad Maritime ASA – Letter Of Intent for CSV Normand Navigator

Solstad Maritime ASA announced a Letter Of Intent with an international subsea contractor for the CSV Normand Navigator. The contract will commence in Q2 2026...

KESTO secures first contracts with Vestas in South Korea

The ESVAGT and KMC Line joint venture, KESTO, will provide offshore service logistics for Vestas on Shinan-Ui offshore windfarm. KESTO, the new joint venture between...

Seadrill announces West Saturn contract extension

Seadrill Limited announced Equinor Brasil Energia Ltda has exercised a one-year priced option for the ultra-deepwater drillship West Saturn. The exercised option adds $114...

Subsea7 awarded contract offshore US

Subsea7 today announced the award of a sizeable1 contract by Shell for the Kaikias Waterflood project. The Kaikias field is a deepwater development in...

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TotalEnergies completes the transfer of its 10% interest in Arctic LNG 2

As mentioned on the occasion of the presentation of the 2nd Quarter 2026 Results, TotalEnergies confirms that the transfer of its 10% interest in...

Orient Overseas Limited announces 2026 interim results

Orient Overseas (International) Limited Announced 2026 Interim Results​. Group Revenue of US$5,173 million Group EBIT of US$728 million Group EBITDA of US$1,255 million Operating Cash Flow of US$819 million Profit Attributable to...

BW LPG Limited – Financial results for Q2 2026

BW LPG reported another strong quarter in Q2 2026. Highlights Q2 2026 Financial performance Q2 2026 profit attributable to equity holders of the Company was US$120...

Frontline reports “best quarterly profit ever”

Frontline plc reported unaudited results for the six months ended June 30, 2026: Highlights Reported the best quarterly profit ever of $659.2 million, or $2.96 per...

EXMAR announces half year 2026 results

 EXMAR Shipping delivered a resilient first-half performance despite geopolitical uncertainty, evolving regulations and changing trade flows. The segment reported stable revenue year-on-year in challenging...

Two killed in oil tanker fire off South Korea, Yonhap reports

Two crew people were killed on ​Thursday after a fire ‌broke out aboard an...

Shipping traffic through Strait of Hormuz rises slightly, data shows

Shipping traffic at the Strait of Hormuz rose slightly even as a geopolitical standoff...

TORM announces Q2 2026 results, dividend distribution, and financial outlook 2026

In the second quarter of 2026, TORM (Nasdaq: TRMD or TRMD A) generated time...

Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on

Iran said it had restarted talks ​with neighbor Oman to manage the Strait of...

Panama Canal auction hits new record at $5.3 million

A shipper needing to transit the Panama Canal bid a record $5.3 million to...

PPA: New framework for investments in ports and logistics

Piraeus Port Authority (PPA) has expanded its scope of business activity following shareholders’ approval of amendments to the corporate charter, paving the way for...

Piraeus container traffic shows signs of recovery as ships return to Suez Canal

Signs of improvement are emerging in container traffic at Terminals II and III at the Port of Piraeus, as the gradual return of containerships...

Port of Los Angeles posts second-best July on record, cargo volume remains strong

The Port of Los Angeles processed 960,464 Twenty-Foot Equivalent Units (TEUs) in July, making it the second-busiest July in the Port’s history. The strong...

Announcement of Notification to Submit a Voluntary Conditional ‎Cash Offer to Acquire AD Ports Group Shares

AD Ports Group, a leading global facilitator of trade, ‎logistics, and industry, announces that it has received a notification from L’IMAD Holding Company PJSC...

DP World Expands Cold Chain Capabilities With New €48m Antwerp Hub

DP World will build a new temperature-controlled logistics hub in the Port of Antwerp. The project begins with an initial investment of EUR 48...