North Atlantic Drilling (NADL), the harsh environment drilling rig operator, says that trading conditions remain challenging, but that large numbers of old units in the global fleet are candidates for ...
North Atlantic Drilling sees no new contracts for 2015 work start
Deputy chairman and general manager of Hebei Port Group under probe
Li Min, deputy chairman and general manager of Hebei Port Group, has been placed under China Communist Party's probe over allegations of serious violations of party disciplines and laws, a statement ...
Seadrill seeks to postpone deliveries on continued weak market
Seadrill, the London-based listed drill ship and rig owner in John Fredriksen's business empire, seeks to postpone further newbuilding deliveries on continued weak market, the company said in a ...
Hoegh LNG sees strengthening demand for FSRUs
Hoegh LNG, the listed LNG carrier and floating storage and regasification unit (FSRU) owner in the Leif Hoegh group of Norway, sees strengthening demand for FSRUs. The group, which owns four FSRUs and ...
Awilco LNG deep in the red on overcapacity
Awilco LNG, the listed Norwegian owner of four LNG carriers, has reported deep interim losses and warned of continued overcapacity in the market. Group net loss in 2Q15 amounted to USD11.7 million ...
Pyeongtaek-Dangjin seeks two new general cargo berths
The South Korean port of Pyeongtaek-Dangjin is inviting tenders to build two new berths for general cargoes. Since 2012, Pyeongtaek Regional Oceans & Fisheries Administration has been working to ...
Danish Ship Finance warns soft rates norm in short to medium term
A flow of newbuildings to the market has reduced the average age of the world's merchant fleets, which means scrapping has less room than before to address oversupply, Danish Ship Finance (DSF), the ...
Avance Gas sees healthy market to continue
Avance Gas Holdings, the Oslo listed VLGC operator, expects the market to be able to absorb a large orderbook and produce good results in the near future. Group net profit in the second quarter of ...
Unlicensed bunker supplier fined in Singapore
A Singapore-registered company has been fined for selling bunkers in the city-state without a licence. The Maritime and Port Authority of Singapore said on 26 August that JL Petroleum pleaded guilty ...
Maersk Oil looks to restructure parts of UK operation
Maersk Oil, which is part of the Copenhagen based A.P. Moller-Maersk group, said it is planning to restructure parts of its operation in the UK due to challenging markets and that 200 jobs could be ...
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