VesselsĀ & RigsĀ Market

Following merger with Eldorado, Vantage Drilling exits Euronext Growth

Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has stopped trading on Euronext Growth following the completion of its business combination with Eldorado Drilling, an...

SAAM Towage building four new tugs for Brazil fleet

SAAM Towage signed a contract with theĀ Brazilian Belov shipyard for the construction of four new tugboats.Ā  This project is part of the company's strategy for...

AP Moller Holding buys ship lessor Ocean Yield from KKR

AP Moller Holding, parent company of the AP Moller Group andĀ DanishĀ shipping giantĀ Maersk, has announced the acquisition of ship leasing company Ocean Yield from private...

For years, indigenous shipowners in Nigeria have anticipated what many regard as the maritime sector’s long-awaited ā€œlifelineā€ — the Cabotage Vessel Financing Fund. ...

In a bid to give succour to shipowners, the Federal Government unveiled the Cabotage Vessel Financing Fund application portal in January 2026, which made...

Can black swans continue saving container lines from overcapacity?

Container shipping has repeatedly defied odds the since the onset of the pandemic to enjoy remarkable levels of profitability. Every time it’s looked its...

Vantage and Eldorado merger births ā€˜enhanced’ offshore drilling player

Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has wrapped up its proposed business combination with Eldorado Drilling, an offshore drilling player backed by a...

Ship recycling market faces shift from tonnage shortage to capacity crunch

The ship recycling market could move from a prolonged shortage of end-of-life tonnage to a capacity crunch if geopolitical disruption eases and a larger...

DOF vessel wins ā€˜very large contract’ in North America

DOF Group has secured a ā€œvery largeā€ three-year contract in the North America region for its subsea construction, IRM & ROV services vessel SkandiĀ Involver.The...

2009-built source vessel to work in West Africa for three months

After completing work in the Western Hemisphere, Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, is taking its source vessel to...

US tanker owner hits out at Iran sanctions waiver

As trade starts flowing through the Strait of Hormuz again International Seaways (INSW) CEO Lois Zabrocky and Rystad analyst Susan Bell grapple with the...

First of five Hapag-Lloyd dual-fuel retrofits completed by Everllence

The 10,100 teu Seaspan Yangtze, built in 2014 and chartered to Hapag-Lloyd, has undergone a successful three-month dual-fuel engine retrofit at Cosco Shipping Heavy...

EnerMech assists Subsea7 in decommissioning scope delivery

Aberdeen-headquartered integrated solutions specialist EnerMech has completed a pipeline flushing and cleaning workscope for Subsea7 as part of a field decommissioning program in the...

Saipem exits Saudi Arabian shallow-water drilling playground with sale of jack-up rig fleet to ADES

Italy’s engineering, drilling, and construction services giant Saipem is divesting its shareholding in Saudi Arabian Saipem (SAS) to close its shallow water drilling chapter...

Green light for Prysmian to construct first interconnector between Europe and Africa

Italian cabling giant Prysmian has received the notice to proceed for the construction of the submarine power interconnection between Italy and Tunisia,The Elmed project...

Murphy Oil makes oil discovery offshore CĆ“te d’Ivoire

Houston-headquartered oil & gas company Murphy Oil has made an oil discovery at the Bubale-1X exploration well in Block CI-709, located approximately 64 kilometers...

Maersk Viridis En Route to US to Install Empire Wind 1 Turbines

Maersk’sĀ first next-generation wind turbine installation vessel (WTIV), Maersk Viridis, has sailed out of Singapore and is on its way to the US, where it...

BW Energy inks sale and leaseback deal for jack-up drilling rig

Oslo-listed oil and gas E&P player BW EnergyĀ has signed a sale and leaseback agreement with China’s Minsheng Financial Leasing (MSFL) for a jack‑up drilling...

Norwegian shipowner finalizes sale of 2016-built PSV

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has completed the sale of its 2016-built platform supply vessel (PSV), announced earlier this...

Vietnamese player’s ā€˜super rig’ ready for drilling

Vietnam’s Petrovietnam Drilling & Well Service Corporation (PV Drilling) has held the naming ceremony for a multi-purpose jack-up rig it purchased from U.S.-headquartered offshore...

Middle East conflict halts more offshore drilling ops as another rig owner confirms temporary suspensions

Arabian Drilling, said to be Saudi Arabia’s largest onshore and offshore drilling company by fleet size, has revealed temporary suspensions for some offshore rigs...

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