Maritime & Logistics Market

Transocean’s 2016-built drillship wins multimillion-dollar job in Equatorial Guinea

Switzerland-based offshore drilling contractor Transocean has secured an estimated 170-day assignment for its ten-year-old ultra-deepwater drillship off the coast of Equatorial Guinea, adding approximately...

Stakeholders tie port modernisation to cargo efficiency

Maritime stakeholders have demanded that port modernisation must be measured by improvements in cargo movement, vessel turnaround time, logistics costs and export capacity, rather...

Nigeria’s maritime security reforms earn US commendation

The United States Government has commended Nigeria for its sustained maritime security reforms, which culminated in the lifting of the 12-year Condition of Entry...

Island Offshore’s second ocean energy construction vessel goes to Norway for completion

The second hybrid power ocean energy construction vessel (OECV) that Norwegian shipbuilder VARD is constructing for compatriot shipping group Island Offshore is on its...

Lagos ports handle 84.6% of Nigeria’s N41.4trn trade

Lagos ports handled an estimated N35.07 trillion, or about 84.6 per cent, of Nigeria’s N41.44 trillion total merchandise trade in the second quarter of...

DHT Holdings inks three-year VLCC charter at six figure rate

NYSE-listed DHT Holdings has locked in a three-year charter one of its VLCCs in a red hot tanker market. The 2016-built DHT Panther has been...

Saipem-Jan De Nul consortium joins Mozambique’s LNG project

A consortium of Saipem and Jan De Nul has signed a letter of intent (LoI) with ExxonMobil for a liquefied natural gas (LNG) development...

Gennaker Offshore Wind Farm Reaches Financial Close

Skyborn Renewables has reached the financial close for the Gennaker offshore wind farm with over EUR 3 billion secured, advancing the largest offshore wind...

Cochin Shipyard and Drydocks World agree 50:50 India ship repair JV

Cochin Shipyard Limited (CSL) and DP World’s Drydocks World are set to form a 50:50 joint venture to operate and expand the Indian shipbuilder’s...

Flexport defeats Peloton’s $33.7m demurrage claim at FMC

A ruling by a US Federal Maritime Commission (FMC) Administrative Law Judge (ALJ) delivered a victory to digital freight forwarder Flexport by turning back...

Odfjell Drilling’s new rig busy until 2031 thanks to deal with Vår Energi

Odfjell Drilling has signed a letter of award (LOA) with VÃ¥r Energi for a 2019-built semi-submersible rig that it purchased at the end of...

Norwegian PSV to continue current charter for additional 100 days

The 2015-built platform supply vessel (PSV) Energy Paradise, owned by Norwegian Golden Energy Offshore Services (GEOS), is set to continue working for Peterson Den...

Larsen & Toubro company gets EPCIC order from ONGC

Mumbai-headquartered L&T Energy Hydrocarbon Offshore (LTEH Offshore), a Larsen & Toubro business, has secured an order from India’s government-owned energy company Oil and Natural...

Hapag-Lloyd vessel makes Suez Canal transit

In what appears to be a one-off transit of the Suez Canal, at this point, Hapag-Lloyd’s 14,990 teu Al Jmeliyah transited the Bab el...

TT Club warns drought is reshaping inland freight risk

Recurring drought and falling water levels are becoming a structural supply chain risk as restrictions on major waterways cut vessel capacity and push cargo...

Saipem put in charge of commissioning services for Türkiye-bound FPU

Saipem’s scope of work for the Osman Gazi FPU, intended for the development of the Sakarya gas field in the Turkish Black Sea, will...

Multi-client survey starts offshore Brazil’s Amapá following recent discovery

Shearwater Geoservices and SLB have launched a 3D multi-client seismic survey offshore Amapá in Brazil, said to address critical data needs as exploration interest...

Shearwater to use electric ROVs for North Sea contract

Norway’s Shearwater Geoservices has secured an ocean bottom node (OBN) survey contract in the North Sea, representing the first commercial deployment of its newly...

HD Hyundai-built medium gas carriers to sport Nord Gas Solutions’ systems

Nord Gas Solutions, formerly Wärtsilä Gas Solutions, has been selected to supply the cargo handling systems (CHS) and LPG fuel supply systems (LFSS) for...

US moves to streamline deepwater port licensing

Proposed rule sent to White House advances Trump administration plan to shift environmental review responsibilities and accelerate LNG, oil export hubs The US Maritime Administration...

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