BP takes final option on Golden Energy Offshore PSV
Oaktree-backed Norwegian owner Golden Energy Offshore Services (GEOS) has clinched a six-month extension for its large platform supply vessel (PSV) Energy Empress.
The seven-vessel strong Oslo-listed outfit said the 2019-built unit has now been fixed until...
Chevron upgrades pair of LNG carriers
Chevron has gone to South Korea to upgrade a pair of LNG carriers. HD Hyundai Marine Solution has been chosen to add re-liquefaction systems, hull air lubrication and new gas compressors to the gas...
Europe needs $435bn investment in offshore wind grid to meet targets
The European Network of Transmission System Operators for Electricity (ENTSO-E) has claimed in its review of the existing offshore grid capacity that a €400bn ($435.8bn) investment in offshore wind grids is required to meet...
Ocean Alliance agreement makes any liner switch unlikely
Lawyers at global liners have been busy poring over the fine print of their alliance set-ups in the week since Hapag-Lloyd shocked its peers by ditching THE Alliance to form the Gemini Cooperation with...
TEN offloads elderly suezmax
Tsakos Energy Navigation (TEN) has cashed in on one of its ageing suezmax tankers.
The New York-listed Greek player has offloaded the 2005-built Eurochampion 2004 to an unnamed buyer in a deal that is expected to contribute...
Number of ships waiting for Panama transit slashed in half
The queue of ships waiting at both ends of the Panama Canal stands at just half the historical average since the waterway expanded back in 2016, highlighting the dramatic shift in seaborne trades in...
Port of Tanjung Pelepas names new chief executive
Port of Tanjung Pelepas (PTP), Malaysia’s busiest transshipment hub, has appointed Mark Hardiman as its new chief executive officer.
Hardiman, a former CEO at Port of Salalah in Oman, takes over from Marco Neelsen, who...
Harim Group selected to take over HMM
Harim Group, along with a local private equity partner, has been selected by state creditors as the winning party to take a majority stake in South Korea’s flagship carrier, HMM.
The two government institutions –...
BW LPG invests $40m in India’s LPG infrastructure
VLGC owner BW LPG has created a joint venture with Confidence Petroleum India and made an investment to develop and operate an LPG onshore import terminal in India.
BW LPG and Confidence agreed to establish...
Latsis and Costamare-backed Neptune Leasing backs Lomar dry bulk play
UK-based diversified shipowner of the Libra Group, Lomar Shipping, has raised capital with Neptune Maritime Leasing for its growing fleet of bulk carriers.
The cooperation with Jersey-based Neptune Leasing involves five ships, although financial details...
