UK energy services company Petrofac is in the process of firing around 200 of its staff in the United Arab Emirates, with a day’s notice. Around 180 people in the UAE connected to an offshore wind ...

Norwegian chemical tanker owner Odfjell has joined forces with Japanese shipping major Nissen Kaiun to launch a new Bergen-based joint venture for operating stainless-steel chemical tankers. The new ...

COSCO has sold the Japanese-built, scrubber-fitted VLCC Cosgrand Lake (299,000 dwt, built 2006) at a steep discount, brokers say. Market sources report the 19-year-old tanker has been committed to ...

The United States has unveiled one of its most extensive crackdowns to date on the Iranian oil-ecosystem, blacklisting a web of front companies, intermediaries and tankers that Washington says ...

Oslo-based offshore accommodation vessel specialist Floatel International has won a contract for accommodation and construction support services to the Alvheim FPSO from Aker BP. During the contract, ...

The Global Centre for Maritime Decarbonisation, together with AIM Horizon Investments, the Development Bank of Japan (DBJ), ING and DBS Bank, have closed the Fund for Energy Efficiency Technologies ...

Taiwanese carrier TS Lines is adding more tonnage to its growing fleet with a fresh order for up to four 2,900 teu containerships at China’s Fujian Mawei Shipyard. The Hong Kong-listed owner has ...

SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has won a contract from energy major BP for a subsea boosting system in the Tiber deepwater development off the US. This ...

“Hong Kong is in a sweet spot,” said Richard Hext last night on taking over the reins of the local shipowners association in one of the highlights of the city’s ongoing maritime week. Hext, the ...