krogragg

Category: United Kingdom

  • Turkish Petroleum awards Black Sea gas field tie-back deal to Subsea7

    Turkish Petroleum awards Black Sea gas field tie-back deal to Subsea7 Offshore engineering and services player Subsea7 has won a variation order from the Turkish Petroleum Offshore Technology Centre (TP-OTC) for the Sakarya field development in the Black Sea, offshore Turkey. The award represents an extension to the contract announced by Subsea7 in August last…

  • Zurich buys rival insurer Beazley

    Zurich buys rival insurer Beazley Swiss insurance giant Zurich is buying British rival Beazley for £8.1bn ($10.8bn), having had an earlier £7.7bn bid rebuffed.  Beazley, which features a significant marine portfolio, will be delisted from the London Stock Exchange but will remain a UK-based company. Mario Greco, Zurich’s chief executive, said: “Leveraging Beazley’s established Lloyd’s…

  • Navigator fixes newbuild financing

    Navigator fixes newbuild financing New York-listed Navigator Holdings has secured a $133.7m loan to finance two liquefied ethylene gas carriers under construction in China. The handysize LPG carrier specialist said subsidiaries Navigator Parsec and Navigator Pleione signed the facility agreement with ABN AMRO Bank, Crédit Agricole Corporate & Investment Bank and Nordea Bank Abp. The…

  • Lloyd’s Agency Network moves to Lloyd’s List Intelligence

    Lloyd’s Agency Network moves to Lloyd’s List Intelligence Commercial insurance market Lloyd’s will transfer management of the Lloyd’s Agency Network to Lloyd’s List Intelligence (LLI) from April, bringing one of shipping’s longest-running portside information networks under the control of the maritime data provider. The move will see LLI take responsibility for the administration of the…

  • UK hits shadow fleet and LNG trades in fresh Russia sanctions push

    UK hits shadow fleet and LNG trades in fresh Russia sanctions push The UK has rolled out its largest sanctions package against Russia since the early months of the war in Ukraine, with oil tankers and LNG shipping among the main targets as London looks to squeeze Moscow’s energy revenues. Nearly 300 entities have been…

  • CLdN takes over Samskip’s UK and Ireland business

    CLdN takes over Samskip’s UK and Ireland business Luxembourg-based shortsea operator CLdN has agreed to acquire the UK and Ireland quay-to-quay and door-to-door freight business of multimodal group Samskip. The deal covers Samskip’s container shipping services linking Rotterdam with the UK ports of Belfast, Blyth, Grangemouth, Hull and Tilbury, as well as the Irish ports…

  • Taylor Maritime chalks up 51st bulker sale

    Taylor Maritime chalks up 51st bulker sale London-listed dry bulk owner Taylor Maritime has agreed the sale of another handysize vessel, taking its total disposals since 2023 to 51 ships. Further details of the latest transaction will be released on completion, the company said in a stock exchange filing. At the same time, the Ed…

  • UK shipping warns ETS extension risks backfiring

    UK shipping warns ETS extension risks backfiring The UK shipping industry has stepped up its criticism of government plans to extend the UK Emissions Trading Scheme (UK ETS) to domestic maritime from July 1, 2026, warning that the policy could raise costs, hit island communities and undermine competitiveness without delivering meaningful emissions cuts. The Draft…

  • Transocean snaps up Valaris in $5.8bn stock deal

    Transocean snaps up Valaris in $5.8bn stock deal Transocean is set to absorb rival offshore driller Valaris in a move that reshapes the upper end of the global rig market and adds fresh momentum to an already busy consolidation cycle. The Switzerland-based offshore drilling heavyweight said it has signed a definitive agreement to acquire US-listed…

  • Rio Tinto and Glencore walk away from revived mega-merger talks

    Rio Tinto and Glencore walk away from revived mega-merger talks Rio Tinto and Glencore have called time on renewed merger talks, abandoning plans for a deal that would have reshaped the global mining sector. The companies confirmed on Thursday that discussions had ended without agreement, scrapping a proposed tie-up that could have created the world’s…

  • Westwood rolls out offshore vessel intelligence platform

    Westwood rolls out offshore vessel intelligence platform London-based energy market research firm Westwood has launched a new offshore vessel intelligence platform aimed at improving visibility across the global offshore support, service and offshore wind fleets. The platform named MarineLogix covers more than 10,000 vessels operated by around 2,500 owners across over 30 vessel classes. MarineLogix…

  • James Fisher buys stake in US autonomous vessel specialist

    James Fisher buys stake in US autonomous vessel specialist UK-based marine services group James Fisher and Sons has taken a strategic minority stake in US autonomous vessel specialist Ocean Aero, joining the company’s Series D funding round. The investment gives James Fisher increased exposure to autonomous marine systems as it looks to expand its technology…

  • Rio Tinto and Glencore reopen talks on mega-merger

    Rio Tinto and Glencore reopen talks on mega-merger Mining heavyweights Rio Tinto and Glencore have confirmed they are back in early-stage talks over a deal that could see Rio Tinto acquire “some or all” of Glencore, a move that would create the world’s largest miner with a combined market value close to $207bn. The companies…

  • Clarksons buys Zuma Labs in FFA tech push

    Clarksons buys Zuma Labs in FFA tech push Clarksons has moved to deepen its technology push, agreeing to acquire Zuma Labs, a specialist provider of trading and data tools for the forward freight agreement (FFA) market. The UK-based shipbroking group said it is buying 100% of the issued share capital of Zuma Labs, which was…

  • FSL extends product tanker cover with James Fisher

    FSL extends product tanker cover with James Fisher Singapore-listed First Ship Leasing Trust (FSL) has strengthened earnings visibility after agreeing a package of charter extensions with James Fisher Everard, the tanker arm of the James Fisher Group. FSL said it has extended the charters for the product tankers Speciality, Seniority and Superiority, with new periods…

  • DOF bags vessel awards across Americas, Africa and North Sea

    DOF bags vessel awards across Americas, Africa and North Sea Norwegian offshore vessel owner DOF has raked in a batch of new vessel contracts and an IMR deal with Shell in Trinidad and Tobago. The contracts will be executed primarily using DOF’s regional fleet during the fourth quarter of 2025 and the first quarter of…

  • Zodiac times newcastlemax sale as buyers stay active across sectors

    Zodiac times newcastlemax sale as buyers stay active across sectors Zodiac Maritime has caught the market on the front foot with the sale of a newcastlemax bulker, as secondhand deals continue to surface across multiple shipping segments. Brokers say the Eyal Ofer-controlled owner has sold the Cape Merlin to Chinese buyers for about $23.5m. The…

  • SSY buys Grieg Shipbrokers

    SSY buys Grieg Shipbrokers UK shipbroking group SSY has struck a deal to acquire Grieg Shipbrokers, adding one of Scandinavia’s longest-standing brokerage houses to its expanding global platform. The deal is set to take effect in January 2026, subject to customary conditions. Founded in 1884, Grieg Shipbrokers has built a strong position across gas, dry…

  • NYK and MOL agree $72m payout in UK car carrier cartel case

    NYK and MOL agree $72m payout in UK car carrier cartel case Two of Japan’s biggest shipping lines — Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) — have agreed to pay £54m ($72.25m) to settle the long-running UK collective action over the car carrier cartel, drawing a line under a saga that stretches…

  • Containers fall overboard in English Channel

    Containers fall overboard in English Channel Emergency response services were put on alert in the English Channel after 18 containers fell overboard from Seatrade’s reefer containership Baltic Klipper during heavy weather on Saturday. Images of containers and plenty of bananas washing up on English shorelines were carried by UK media across the weekend.  An investigation…

  • Zodiac Maritime unleashes $1.6bn VLCC and boxship play in China

    Zodiac Maritime unleashes $1.6bn VLCC and boxship play in China Eyal Ofer’s Zodiac Maritime has joined the latest wave of crude carrier orders, placing a major VLCC newbuilding programme in China as part of its broader $1.6bn fleet renewal drive. The London-based owner has ordered six firm and up to eight conventionally fuelled VLCCs from…

  • Fourfold boost in store for UK’s wind-powered gas and hydrogen storage project with license submission

    Fourfold boost in store for UK’s wind-powered gas and hydrogen storage project with license submission England-based energy transition-focused player EnergyPathways has handed in an application for an enlarged gas storage license, covering the natural gas and hydrogen storage elements of its flagship project, located off the Cumbria coast in the East Irish Sea. The post Fourfold…

  • SLB OneSubsea bags work on BP’s Gulf of Mexico project

    SLB OneSubsea bags work on BP’s Gulf of Mexico project SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has won a contract from energy major BP for a subsea boosting system in the Tiber deepwater development off the US. This engineering, procurement and construction (EPC) contract for Tiber comes in close…

  • DeepOcean scores UK subsea contract

    DeepOcean scores UK subsea contract DeepOcean has secured a new contract on the UK continental shelf to deliver subsea construction and tie-in work for a field that will be developed as a subsea tieback to an existing host facility. The job covers the installation of a flexible production riser, a flowline and an umbilical linking…

  • Sentinel Marine rebrands as Cyan Sentinel

    Sentinel Marine rebrands as Cyan Sentinel Aberdeen-based offshore support vessel operator Sentinel Marine has rebranded as Cyan Sentinel, marking its first major step since Singapore’s Cyan Renewables acquired a controlling stake earlier this year year. The move reflects the backing of its new majority owner, but the company stressed it remains locally managed, with its…

  • Splash Wrap: Sanctions, shadow fleets, and shifting tides

    Splash Wrap: Sanctions, shadow fleets, and shifting tides US president Donald Trump unveiled sweeping sanctions on Russia’s top oil producers, Rosneft and Lukoil, this week in his most extensive energy crackdown since returning to office. Aimed at forcing Moscow toward peace talks, the measures cut the companies off from US banking and dollar systems. The…

  • Zodiac Maritime takes the plunge with suezmax orders in Vietnam

    Zodiac Maritime takes the plunge with suezmax orders in Vietnam UK-headquartered Zodiac Maritime has achieved another shipbuilding first, becoming the first client of Samsung Heavy Industries’ newly controlled Vietnam shipyard, committing to three firm conventionally fuelled suezmax tankers with options, priced at $80m per unit and delivering in 2028. Each vessel, with a capacity of…

  • How geopolitics is redrawing the world’s shipping routes

    How geopolitics is redrawing the world’s shipping routes Globalisation isn’t dead, but it’s changing course, writes Neil Shearing, group chief economist at Capital Economics, and author of this year’s bestseller The Fractured Age. Commentators have been quick to declare globalisation dead. But, as is so often the case in economics, the reality is more complicated…

  • DeepSea: The autonomy age is here

    DeepSea: The autonomy age is here 2026 will be the year autonomy takes off in cargo shipping, specifically with regards to propulsion automation, followed by full navigation automation in the forthcoming years, predicts Konstantinos Kyriakopoulos, CEO and co-founder of DeepSea, one of maritime’s best-known AI brands. A number of leading ship operators have been quietly working…

  • Valaris lands $140m drillship deal with BP

    Valaris lands $140m drillship deal with BP New York-listed offshore driller Valaris has won a contract for one of its drillships from a subsidiary of supermajor BP. The contract for the 2014-built Valaris DS-12 is for five wells with BP Exploration Delta Limited in Egypt. The deal is expected to commence in the second quarter…

  • ExxonMobil steps into LNG bunkering with Avenir and Evalend newbuilds

    ExxonMobil steps into LNG bunkering with Avenir and Evalend newbuilds ExxonMobil has moved to enter the LNG marine bunkering market with two purpose-built vessels, as it looks to expand its portfolio of lower-emission marine fuels. The US energy major will begin operations in 2027, deploying two LNG bunker ships — one chartered from Avenir LNG…

  • Sanctions list swells, momentum fades

    Sanctions list swells, momentum fades Over the past five years, the number of sanctioned vessels has expanded steadily, rising from around 350 in September 2020 to roughly 1,700 by September 2025, according to analysis from maritime analytics firm Kpler. The overlap between various administrations sanctioning ships is also finally starting to grow with greater coordination…

  • British university sets out to turn seawater into ship fuel

    British university sets out to turn seawater into ship fuel London’s Brunel University is teaming up with startup Genuine H2 to pilot a system that splits seawater into hydrogen onboard ships. The concept is to feed seawater through electrolyzers, extract pure hydrogen, store it on ship, then use it as a clean-burning fuel. Brunel’s project…

  • Orca AI: Artificial intelligence moves from buzzword to bridge

    Orca AI: Artificial intelligence moves from buzzword to bridge Artificial intelligence in shipping has long been a buzzword. Now, says Yarden Gross, CEO and co-founder of Orca AI, it’s fast becoming the bridge linking sea and shore — and the next 12 months could be the most pivotal yet. Gross tells Maritime CEO that shipping…

  • Aurora Offshore scores Harbour Energy PSV fixture

    Aurora Offshore scores Harbour Energy PSV fixture Borealis Maritime’s offshore vessel arm, Aurora Offshore, has secured long-term employment for one of its platform supply vessels. Brokers report the 2021-built Aurora Cooper fixed to Harbour Energy for six months plus multiple extension options, with the charter starting this month. Dayrates for the LNG dual-fuel battery hybrid…

  • Shipping arbitration landscape shifts beyond London

    Shipping arbitration landscape shifts beyond London London has maintained its position as the world’s top maritime arbitration hub, although new data from HFW shows Asia’s centres are closing the gap. The law firm’s sixth Maritime Arbitration in Numbers report analysed responses from 19 arbitral bodies across 18 jurisdictions. It found that while London remains dominant,…

  • TechnipFMC bags work on Exxon’s seventh Guyana project

    TechnipFMC bags work on Exxon’s seventh Guyana project Offshore contracting giant TechnipFMC has been awarded a contract to supply subsea production systems for ExxonMobil’s Hammerhead development in Guyana’s Stabroek Block. TechnipFMC will provide project management, engineering, and manufacturing of subsea production systems supporting both production and water injection capabilities. The subsea architecture will include products…

  • Surging VLCC rates propel ClarkSea Index to two-year high

    Surging VLCC rates propel ClarkSea Index to two-year high Surging VLCC rates have seen the cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership, and gas carrier earnings managed by Clarksons Research, reach a two-year high of $29,888 per day as of last Friday, 50% above the 10-year trend. VLCC rates leapt last…

  • Vehicle shipping player Polaris launches dry bulk arm

    Vehicle shipping player Polaris launches dry bulk arm Polaris International is diversifying its shipping portfolio with the official entry into the dry bulk market and the launch of Polaris Bulkers The move marks a strategic expansion for Polaris, best known for its automotive logistics division, Polaris Autoliners. The new dry bulk venture will operate out…

  • UK to debut an electric shipping route

    UK to debut an electric shipping route NatPower Marine and Peel Ports Group are set to commence installation of shore power at Heysham port this month, with the first plug live in the initial phase and expansion to four across all berths, by 2026. This will enable all Heysham routes within the Irish Sea to…

  • UK and US to commit to boosting nuclear power capacity

    UK and US to commit to boosting nuclear power capacity Companies from the United Kingdom (UK) and the United States (U.S.) have signed “major” […] The post UK and US to commit to boosting nuclear power capacity appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Quadrise names Peter Borup as CEO

    Quadrise names Peter Borup as CEO Low-emission fuels and biofuels supplier Quadrise has appointed Peter Borup as its chief executive officer. Borup, who will take the CEO seat on October 1, is an accomplished international CEO with over 30 years of experience in the shipping industry. He began his career at A.P. Moller-Maersk, rising to…

  • Anglo Teck merger creates top five global copper producer

    Anglo Teck merger creates top five global copper producer Global mining group Anglo American and Canadian miner Teck Resources have agreed to merge in a deal that will create one of the world’s largest copper producers with a combined market value of over $53bn. The combined group, to be named Anglo Teck, will rank among…

  • Carlyle moves into FPSO market with Altera acquisition

    Carlyle moves into FPSO market with Altera acquisition Global investment firm Carlyle has agreed to acquire Altera Infrastructure’s entire FPSO business, bolstering its footprint in offshore energy infrastructure. The deal, subject to customary closing conditions and regulatory approvals, includes ownership of multiple FPSOs and an FSO, as well as a 50% stake in the Altera&Ocyan…

  • Lomar taps pilot-assist tech for tanker trial

    Lomar taps pilot-assist tech for tanker trial Lomar’s tanker unit, CB Tankers, has seen one of its chemical carriers fitted with Mythos AI’s advanced pilot assistance system (APAS) as part of a year-long trial to test next-generation bridge intelligence in commercial shipping. The installation onboard the 2020-built CB Pacific marks the first deployment of APAS…

  • Well-Safe secures multi-year EnQuest deal worth over $45m

    Well-Safe secures multi-year EnQuest deal worth over $45m Well-Safe Solutions has secured a significant decommissioning contract with EnQuest, which is expected to generate over $45m in revenue and position the company for long-term activity in the North Sea. The Aberdeen-based firm will deploy its semi-submersible rig Well-Safe Defender to carry out a minimum of 100…

  • North Star orders SOV pair at Vard

    North Star orders SOV pair at Vard UK-based offshore vessel operator North Star has returned to Norwegian shipbuilder Vard with an order for two new service operation vessels (SOVs) to support offshore wind operations across the UK and Europe. The newbuilds are based on the Vard 4 19 design, developed specifically for offshore wind support.…

  • Wood-Sidara saga continues with more delays

    Wood-Sidara saga continues with more delays Consulting and engineering firm Wood has added another chapter to the takeover saga that has been going on since last year. Dar Al-Handasah Consultants Shair and Partners Holdings, also known as Sidara, has been courting the UK firm with different offers to sell up since April of last year.…

  • Union Maritime locks in $130m financing for wind‑assisted RL2 newbuilds

    Union Maritime locks in $130m financing for wind‑assisted RL2 newbuilds Diversified UK shipowner Union Maritime has closed a $130m delivery financing package for two next‑generation LR2 tankers. The deal was led by Société Générale and the Export–Import Bank of China and arranged through a syndicated facility. The vessels are scheduled for delivery from Yangzijiang Shipbuilding…

  • Zara founder buys into UK ports

    Zara founder buys into UK ports The Financial Times is reporting Spanish billionaire Amancio Ortega, founder of the Zara fashion empire, has made his first move into maritime infrastructure, acquiring a 49% stake in UK port operator PD Ports through his investment arm Pontegadea. The deal sees Ortega’s family office partner with Brookfield Asset Management,…

  • Tankers International adds Lila Global VLCC to pool

    Tankers International adds Lila Global VLCC to pool VLCC pooling platform Tankers International has brought in a new partner, adding Lila Global and its recently acquired VLCC to its fleet. The addition of the 313,798 dwt Lila Kochi lifts the Tankers International VLCC pool to 29 vessels. Dubai-based Lila Global, which has been expanding its…

  • Gibson enters maritime finance with RMK merger

    Gibson enters maritime finance with RMK merger UK shipbroking firm E.A. Gibson is expanding into maritime finance through a merger with RMK Maritime, a move that will see the latter rebranded as E.A. Gibson Capital from August this year. The tie-up adds capital advisory capabilities to Gibson’s service offering, reflecting a strategic step in adapting…

  • Navigator and Amon Maritime team up for ammonia carrier newbuilds

    Navigator and Amon Maritime team up for ammonia carrier newbuilds New York-listed handysize gas carrier owner and operator Navigator Holding has formed a joint venture with Norway’s Amon Maritime for two newbuild ammonia-fuelled liquefied ammonia carriers. The JV, named Navigator Amon Shipping, has placed an order with Nantong CIMC Sinopacific Offshore & Engineering for two…

  • Delay-induced clouds over UK’s oil & gas decom realm warn of billions in extra costs and fines

    Delay-induced clouds over UK’s oil & gas decom realm warn of billions in extra costs and fines With the backlog of wells due for decommissioning on the rise, the UK’s regulator, the North Sea Transition Authority (NSTA), has issued a stark warning to operators on the UK Continental Shelf (UKCS), urging them to take steps to…

  • New consortium to explore floating nuclear power in the Mediterranean

    New consortium to explore floating nuclear power in the Mediterranean Shipping nuclear propulsion start-up CORE POWER, ABS, and Athlos Energy have formed a consortium to evaluate the potential of floating nuclear power plants (FNPPs) to meet the energy demands of islands, ports, and coastal communities in the Mediterranean Sea. The group will research how FNPPs…

  • Fire-damaged Morning Midas car carrier sinks

    Fire-damaged Morning Midas car carrier sinks The salvors, Resolve Marine, have reported that the Morning Midas car carrier sank in international waters in the North Pacific, following a fire that broke out onboard on June 3. Damage caused by the fire, compounded by heavy weather and subsequent water ingress, caused the Morning Midas to sink…

  • ClarkSea Index hits year-high ahead of American strikes on Iran

    ClarkSea Index hits year-high ahead of American strikes on Iran The cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership and gas carrier earnings managed by Clarksons Research, hit a new high for 2025 on Friday, ahead of the decision by the US to strike Iran, something that will likely see the index,…

  • Seafaring remains one of the world’s most dangerous professions

    Seafaring remains one of the world’s most dangerous professions Seafaring remains one of the world’s most dangerous professions, according to a major new report, which surveyed 147,000 people in many different jobs across the world.  According to Lloyd’s Register Foundation’s latest World Risk Poll Focus On report, 25% of ocean workers report having experienced harm…

  • UK’s new guidance sheds light on North Sea oil & gas game as application window opens

    UK’s new guidance sheds light on North Sea oil & gas game as application window opens In the wake of a Supreme Court ruling, marking the first inclusion in Britain’s history of greenhouse gas (GHG) emissions from the combustion of oil and gas in environmental impact assessments (EIAs) for hydrocarbon extraction projects, the United Kingdom…

  • Chartwell Marine designs CTV to support legacy offshore wind turbines

    Chartwell Marine designs CTV to support legacy offshore wind turbines NR Marine Services has commissioned UK-based ship designer Chartwell Marine to design a new CTV, which will be capable of supporting older generation assets, now referred to as legacy turbines. These vessels will still be constructed and outfitted with modern technologies to maximise vessel fuel…

  • ‘Britain has gone to hell, like Norway’: John Fredriksen

    ‘Britain has gone to hell, like Norway’: John Fredriksen Norway’s richest man, John Fredriksen, has launched a blistering critique of the state of life in both Norway and the UK, confirming he is relocating some of his business to the United Arab Emirates to escape what he sees as a Western world in steep decline.…

  • £20 billion gas deal gives UK’s energy security a shot in the arm

    £20 billion gas deal gives UK’s energy security a shot in the arm Equinor has inked a multi-year gas sales agreement with Britain’s Centrica, which is expected to strengthen energy security in the United Kingdom (UK). The post £20 billion gas deal gives UK’s energy security a shot in the arm appeared first on Offshore…

  • Crew evacuate fire-hit Zodiac car carrier

    Crew evacuate fire-hit Zodiac car carrier London-based owner Zodiac Maritime has launched an emergency response following a fire that broke out on its 4,902 ceu car carrier Morning Midas. According to the company, the incident occurred at around midnight local time on June 3 in the Pacific Ocean, some 1,900 km from the port of…

  • Purus confirms South Korean LNG carrier order

    Purus confirms South Korean LNG carrier order UK-based shipowner Purus Marine has firmed up an order for a new LNG carrier at HD Hyundai Heavy Industries, adding to its growing gas carrier orderbook in South Korea. The Julian Proctor-led company has signed for a 180,000 cu m newbuild with delivery set for the fourth quarter…

  • Union Maritime launches financing scheme to spur wind propulsion use

    Union Maritime launches financing scheme to spur wind propulsion use UK shipowner Union Maritime has launched a new lease financing programme, which will help accelerate the adoption of wind-assisted propulsion systems in the maritime sector. The new programme, named SeaBreeze, offers 100% financing, making sustainable technologies more accessible for shipowners aiming to meet evolving emissions…

  • Fatigue among seafarers on the rise

    Fatigue among seafarers on the rise Work-related fatigue among cargo ship crews is growing worse, despite international regulations and onboard monitoring aimed at ensuring sufficient rest for seafarers, according to a new study from Cardiff University’s Seafarers International Research Centre (SIRC). The research, which draws on anonymous survey responses and interviews with over 2,400 maritime…

  • Case made for ammonia in the wake of IMO’s Net Zero Framework

    Case made for ammonia in the wake of IMO’s Net Zero Framework A new study from the UCL Energy Institute’s Shipping and Oceans Research Group and UMAS, commissioned by the Global Maritime Forum, concludes that the International Maritime Organization’s recently agreed Net Zero Framework (NZF) sends a strong market signal favouring ammonia dual-fuel ships—particularly from…

  • SSY to launch offshore drilling rig business

    SSY to launch offshore drilling rig business UK shipbroking group SSY has revealed that it would be further expanding its offshore offering with the launch of a dedicated rig business later this year. Nicholas Wagner-Larsen, an experienced offshore and rig broker, will join SSY in September to head up the new rig division. He is…

  • Noble fixes rig on UK carbon storage project

    Noble fixes rig on UK carbon storage project Offshore rig owner Noble Corporation has secured work for its jackup Noble Innovator on the UK North Sea carbon storage project. The New York-listed Texas-headquartered driller has won a new contract from BP which will see the 2003-built ultra-harsh environment unit drill six firm wells for the…

  • Sedna expands with CompassAir buy

    Sedna expands with CompassAir buy UK-based technology firm Sedna has continued its expansion with the acquisition of Athens-based maritime workflow solutions provider, CompassAir. CompassAir, with a foothold in the Greek and Norwegian shipping sector, delivers expertise across the research, negotiation, and handover stages of the maritime trade lifecycle. The acquisition for an undisclosed sum will…

  • Morek Engineering unveils floating wind installation vessel concept

    Morek Engineering unveils floating wind installation vessel concept A consortium led by Morek Engineering has unveiled its design concept for a new vessel class for the floating offshore wind (FLOW) market, having completed the first feasibility stage. Consortium partners include naval architects Solis Marine Engineering, innovation specialists Tope Ocean, marine operations specialists First Marine Solutions,…

  • UK slaps sanctions on British ship finance veteran over shadow fleet deals

    UK slaps sanctions on British ship finance veteran over shadow fleet deals The UK has imposed sanctions on a British ship finance veteran for allegedly buying tankers for Russia’s shadow fleet. John Ormerod was blacklisted on Tuesday alongside two Russian captains, 18 shadow fleet vessels and 46 financial institutions in the latest wave of British…

  • UK readies sanctions on another 100 Russian-linked tankers

    UK readies sanctions on another 100 Russian-linked tankers The UK is set to impose a new wave of sanctions against the Russian oil trade, targeting up to 100 more ships. The biggest sanctions package against Russia’s shadow fleet should bring the total number of oil tankers blacklisted by the UK to more than 230. Announcing…

  • Fugro gets more survey work on UK offshore wind farm

    Fugro gets more survey work on UK offshore wind farm 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 wind energy…

  • Boxships back up across Northern Europe

    Boxships back up across Northern Europe Ports across Northern Europe are dealing with what broker Braemar describes as “serious congestion” right now.  In Antwerp, Braemar reported yesterday the yard is already at 96% capacity, and reefer plugs are overloaded at 112%. Nearly half the arriving ships are waiting for a berth, and there are 52…

  • Navigator fixes $300m of new financing

    Navigator fixes $300m of new financing New York-listed Navigator Holdings has lined up $300m in fresh financing to clear out existing debt maturities. The Mads Peter Zacho-led company said its subsidiaries Navigator Gas and Othello Shipping have struck a deal with a consortium of lenders comprising Nordea Bank, Danish Ship Finance, Danske Bank, DNB UK,…

  • A call to action for maritime employers

    A call to action for maritime employers Mark Charman, CEO and founder of Faststream Recruitment, provides readers with insights from his company’s latest Global Ship Operators Employment Report. The maritime sector is undergoing a profound shift and ship operators are right at the centre of it. In the Global Ship Operators Employment Report 2025, Faststream…

  • PD Ports planning development of $260m UK offshore wind hub

    PD Ports planning development of $260m UK offshore wind hub PD Ports has revealed plans to build one of the UK’s largest offshore wind manufacturing and installation hubs – the Teesport Offshore Gateway – an investment worth around £200m ($267m). The project will unlock just shy of 730,000 sq m of development potential for a…

  • Saipem wins $590m deal for work on Eni’s UK CCS project

    Saipem wins $590m deal for work on Eni’s UK CCS project Italian offshore engineering and construction giant Saipem has won a contract from Eni for work on the Liverpool Bay CCS project in the UK. The value of the contract is estimated approximately €520m ($592m) over the three years required to complete the project. The…

  • Taylor Maritime offloads 11 ships

    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 ships for $172.5m. The Ed Buttery-led company said that one bulker had already been delivered to its new owner, with the remaining 10 exiting the fleet…

  • ScottishPower Renewables hires vessel trio for work on UK offshore wind farm

    ScottishPower Renewables hires vessel trio for work on UK offshore wind farm ScottishPower Renewables, part of Spain’s Iberdrola, has signed charter agreements with NR Marine Services and OEG to provide vessels to support the construction of the East Anglia Three offshore wind farm. The charter deals are worth over £16m ($21.2m) and all vessels will…

  • Change at the top at Britannia

    Change at the top at Britannia The Britannia Group, the world’s oldest P&I insurer, has revealed its long-term CEO, Andrew Cutler, will leave the company at the end of the year to pursue a portfolio of non-executive roles.. Cutler joined the Britannia Group in 2006 as a senior claim handler, having previously been a partner…

  • V.Group takes on management of International Seaways LR1 newbuilds

    V.Group takes on management of International Seaways LR1 newbuilds UK-based shipmanagement and marine services giant V.Group has secured a deal for six LR1 tanker newbuildings that US owner International Seaways expects for delivery from South Korea’s K Shipbuilding. The René Kofod-Olsen-led company will be responsible for full technical and crew management of the scrubber-fitted, LNG-ready…

  • Cyan’s Sentinel Marine contracts MPSV newbuilds in China

    Cyan’s Sentinel Marine contracts MPSV newbuilds in China Aberdeen-based offshore support vessel specialist Sentinel Marine is expanding its fleet through a deal with China’s Jiangmen Hangtong Shipbuilding for up to four multipurpose newbuildings. The shipbuilding contract involves one firm 65-m energy support vessel with options for three more units. The newbuild, which takes the company’s…

  • Bibby unit lines up $25m vessel finance for smaller owners

    Bibby unit lines up $25m vessel finance for smaller owners BFS Marine Finance, part of Bibby Line Group’s independent funder Bibby Financial Services, has lined up £20m ($25m) to support smaller businesses within the commercial marine sector. A structured facility has been agreed with the British Business Bank to provide secured financing for fleet renewal,…

  • HSM Offshore bags substation deal for 960MW UK offshore wind farm

    HSM Offshore bags substation deal for 960MW UK offshore wind farm ScottishPower Renewables, part of Spain’s Iberdrola, has awarded an engineering, procurement, construction, installation, and commissioning contract for work on the East Anglia Two offshore substation and jacket foundation to HSM Offshore Energy. HSM will deliver the 5,100-tonne offshore high-voltage substation and its 3,700-tonne jacket…

  • Stena Drilling drillship wins more work off Suriname

    Stena Drilling drillship wins more work off Suriname Stena Drilling, the Aberdeen-based business of Sweden’s Stena, has won a contract for one of its drillships with subsidiaries of Shell in Suriname. The contract for the campaign was awarded to the 2008-built Stena DrillMax drillship by Shell subsidiaries KE STP Company and BG International. The deal…

  • Purus signs for LNG carrier newbuild in South Korea

    Purus signs for LNG carrier newbuild in South Korea Purus Marine has contracted an LNG carrier newbuild in South Korea. Brokers have named the UK-based owner behind a newbuilding contract announced by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) last week. HD Hyundai Samho will build the 180,000 cu m unit for about $262m,…

  • Octopus Energy buys into UK offshore wind farm

    Octopus Energy buys into UK offshore wind farm UK-based Octopus Energy has made another investment in the offshore wind sector, this time via the acquisition of a 10% stake in the East Anglia One wind farm. The 714MW wind farm is located 43 km off the coast of Suffolk in the East of England and…

  • Atlantica PSV fixed to Shell

    Atlantica PSV fixed to Shell Oslo-based Atlantica Shipping has seen one of its platform supply vessels contracted long-term in UK waters. Shell is taking the 2003-built Skandi Caledonia on hire for at least one year, with further extension options attached to the contract. The PSV, acquired by Atlantica in 2023 from DOF, which continues to…

  • British maritime law firms merge

    British maritime law firms merge UK specialist maritime law firms Tatham & Co and Sea Green Law have merged into a single 22-lawyer practice. The combined entity began operating on April 1, 2025, under the Tatham & Co name. The company will be jointly led by lead partners Stephen Askins and James Hickland from Tatham…

  • Dolphin Drilling makes Bryce permanent CEO

    Dolphin Drilling makes Bryce permanent CEO Semisub rig owner Dolphin Drilling has appointed Jon Oliver Bryce permanent chief executive officer. Bryce stepped up from chief strategy officer to take over from Bjørnar Iversen on an interim basis in January. Before joining Dolphin Drilling, he held senior and leadership roles at Awilco Drilling and Odfjell Drilling.…

  • Borealis Maritime offloads four PSVs

    Borealis Maritime offloads four PSVs UK-based shipping asset manager Borealis Maritime has sold four of its platform supply vessels. The Christoph Toepfer-led company is shipping out the 2013-built 3,500 dwt Aurora Pearl, Aurora Diamond, Aurora Emerald and Aurora Sapphire for an undisclosed sum. The Aurora Pearl was picked up by Grupo TMM in Mexico, while…

  • Aquaterra wins well intervention work in Nigeria

    Aquaterra wins well intervention work in Nigeria UK-based Aquaterra Energy has secured a multi-year contract with Intrepid Energy Limited to deliver a bespoke subsea well intervention equipment package for a project in Nigeria. The well access package will enable Intrepid Energy to conduct intervention operations across multiple mature oil wells in the region, supporting enhanced…

  • Shell chooses McDermott for engineering and procurement services

    Shell chooses McDermott for engineering and procurement services Houston-based offshore contractor McDermott has been selected by UK supermajor Shell for an enterprise framework agreement for engineering and procurement services and integrated project management team services. McDermott said that the agreement has a duration of three years with two one-year optional extensions. The scope of the…

  • Navigator wraps up ethylene carrier trio buy

    Navigator wraps up ethylene carrier trio buy New York-listed Navigator Holdings has completed the final acquisition of three handysize ethylene carriers set to complement the recently expanded export terminal at Morgan’s Point in Texas. The company owns the Morgan’s Point ethylene export terminal in a 50-50 joint venture with Enterprise Products Partners. The operation was…

  • Jan De Nul and Hellenic Cables ink framework deal with National Grid

    Jan De Nul and Hellenic Cables ink framework deal with National Grid Belgium’s Jan De Nul and its Greek consortium partner Hellenic Cables, have signed a framework agreement with British utility National Grid for future HVDC cable projects across the UK and Europe. The deal will entitle the consortium to participate in upcoming tenders for…

  • Video footage of North Sea accident surfaces

    Video footage of North Sea accident surfaces Newly obtained video footage has revealed the moment the containership Solong struck the tanker Stena Immaculate off the coast of East Yorkshire on Monday. The impact and subsequent explosion were captured by Orca AI’s lookout unit Seapod mounted on the tanker Ionic Aspis anchored off the port of…

  • Captain arrested on suspicion of gross negligence manslaughter over North Sea collision

    Captain arrested on suspicion of gross negligence manslaughter over North Sea collision The captain of the containership Solong, involved in a collision with the Stena Immaculate tanker in the UK North Sea, has been arrested on suspicion of gross negligence manslaughter. The incident, which took place on Monday with both ships bursting into flames after…

  • Ocean Installer joins team developing UK floating wind farm

    Ocean Installer joins team developing UK floating wind farm Marine construction contractor Ocean Installer has joined the alliance of companies developing the Aspen floating offshore wind project in the North Sea. Ocean Installer’s addition to the alliance will drive down the costs of installation and its existing fleet of vessels and workforce can be transferred…