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Taylor Maritime offloads 11 ships

London-listed dry bulk outfit Taylor Maritime has aligned its business with anticipated trade turbulence and taken advantage of improved market sentiment to sell 11...

Petronas Carigali hands out offshore structural maintenance deal

Malaysian oil company Petronas Carigali has awarded a contract for the provision of splash zone structural repair and maintenance services to a subsidiary of...

Nantong Xiangyu bags order for China’s largest electric cable layer

Nantong Xiangyu Shipbuilding & Offshore Engineering has signed a construction deal for a pure electric-powered cable laying vessel with Zhongtian Technology’s Shanghai Yuanwei Construction...

Pakistan ceases all trade with India

Pakistan has suspended all trade with India and closed its airspace and land border. The measures follow the imposition of sanctions imposed by India...

Wan Hai ups 16,000 teu newbuild series in South Korea

Taiwanese containerline Wan Hai has returned to South Korean shipyards for a fresh series of methanol dual-fuel-ready 16,000 teu vessels.The Taipei-headquartered company has commissioned...

IMS snaps up Teekay tanker

Buyers behind recent LR2 sales are starting to surface.New York-listed Teekay Tankers agreed last month to sell the 2007-built Galway Spirit to an undisclosed...

Close to one in five VLCCs trading today are over 20 years old

Today, there are around 130 VLCCs over 20 years old still trading, compared to fewer than 20 five years ago, according to data from...

Azerbaijan partners with China on Caspian offshore wind project

Azerbaijan’s Ministry of Energy has signed two agreements with Chinese firms for the construction of an offshore wind energy project in the country.The first...

New US policy to boost Gulf of Mexico oil production

The US Department of the Interior has introduced a new policy which will see increased pressure differential during downhole commingling boost offshore oil output...

World’s largest car carrier sets sail from China

The world’s largest car carrier has left a yard in China on its maiden voyage to Brazil.The 9,200 ceu BYD Shenzhen pips Höegh Autoliners’...
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