The Houthis from Yemen appear not to have got this week’s memo from the White House claiming that the Red Sea shipping crisis is drawing to a close. Donald Trump, the American president, said on Tuesday that after more than 17 months, the Houthis have agreed…

Houston-based Oceaneering International has been awarded a multi-year contract on BP’s Greater Tortue Ahmeyim field off Mauritania and Senegal. The contract was awarded to Oceaneering’s offshore projects group by BP’s subsidiary BP Mauritania Investments…

UK-based oil and gas producer Harbour Energy has revealed plans to axe around 250 jobs in Aberdeen due to the government’s “punitive” measures. According to the oil and gas firm, cutting around a quarter of its Aberdeen workforce comes as part of a review…

Japanese owner and operator Idemitsu Tanker has contracted to build two methanol dual-fuel VLCCs. The 339.5 m long, 309,400 dwt vessels are developed together with Japanese shipping lines Nippon Yusen Kaisha (NYK), Iino Kaiun Kaisha (Iino Lines) and Nihon…

Greek owner Evalend Shipping has been linked to a fresh newbuilding deal in South Korea, this time for a pair of suezmax tankers. Shipbuilding sources report that the Kriton Lendoudis-led company has contracted 157,000 dwt units at HD Hyundai Samho for delivery…

How brokers will evolve, and what owners and charterers will seek out of their broking houses in the years ahead formed much of the debate in the Chartering Spotlight panel at last week’s Geneva Dry summit.  Torbjørn Gjervik, CEO of Norway’s Western Bulk…

Danish liner giant Maersk has lowered its global container market forecast for this year due to increased macroeconomic and geopolitical uncertainty. Maersk has issued a fresh prognosis for market development in 2025, ranging from a 1% dip to a 4% increase…

Marine Insight - The maritime industry guide.

ARO Drilling, a joint venture of New York-listed offshore driller Valaris, has signed extensions for five jackup rigs with Saudi giant Aramco. The extensions, all for five years, were signed for the Valaris 250, Valaris 116, Valaris 146, Valaris 140, and…

Dutch surveyor Fugro has been awarded a contract to perform comprehensive geotechnical surveys for the eastern array of the Dogger Bank South (DBS) offshore wind farms. The initiative is led by RWE and Masdar to develop one of the UK’s most powerful offshore…

Marine Insight - The maritime industry guide.

Marine Insight - The maritime industry guide.

Marine Insight - The maritime industry guide.

Marine Insight - The maritime industry guide.

Marine Insight - The maritime industry guide.

Marine Insight - The maritime industry guide.

New York-listed Greek owner Costamare has continued the trend of offloading smaller bulkers with another handysize set to exit the fleet. The Konstantinos Konstantakopoulos-led company is shipping out the 2010-built 31,775 dwt Resource, with delivery to an…

Danish product tanker owner and operator Torm has continued the disposal of older tonnage with the sale of one of its two oldest LR2 vessels. The New York and Copenhagen Nasdaq-listed company has revealed the sale of an unnamed 2008-built LR2 unit with delivery…

Evangelos Marinakis-backed Capital Clean Energy Carriers (CCEC) has secured long-term employment for two of its LNG carriers under construction in South Korea. The Nasdaq-listed company has fixed the 174,000 cu m at vessels to be named Athlos and Archon for…

Marine Insight - The maritime industry guide.