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BP beats forecasts, hits oil in Brazil and expands US Gulf production British oil and gas supermajor has made a raft of announcements touting progress after a recent string of relatively, lacklustre performance reports Jamey Go to rivieramm

ADES moves to take over Shelf Drilling in US$379M cash merger ADES International Holdings’ proposed takeover of Shelf Drilling comes at a hefty premium over Shelf Drilling’s stock price Jamey Go to rivieramm

Deadlock after Hong Kong Convention threatens global ship recycling The maritime industry is caught in a convoluted regulatory web, dominated by three overlapping frameworks governing ship recycling Edwin Go to rivieramm

Stamford Shipping linked to four-vessel acquisition of Belships’ Ultramaxes Asian and European shipbrokers estimate the total cost of the reported en bloc deal at approximately US$84M Georgios Go to rivieramm

BSM opens its first methanol bunkering simulator Bernhard Schulte Shipmanagement has introduced a simulator for handling methanol fuels in India and will follow this with training facilities in Poland and the Philippines Martyn Go to rivieramm

Panama to stop flagging tankers and bulkers more than 15 years old The Panama Ship Registry said it is acting to prevent entry of vessels from the ’ghost fleet’, also known as the dark fleet or shadow fleet Jamey Go to rivieramm

Saipem completes Equinor Irpa pipeline installation Equinor moves another step closer to starting production from the Irpa field in the Norwegian Sea after the main pipeline is installed Martyn Go to rivieramm

GTT completes Danelec acquisition, restructures digital division GTT has combined three digital development specialists into one division, then split that in two Martyn Go to rivieramm

Global trade braces for structural friction under updated US tariffs The situation remains fluid, and the tariffs may still change depending on the outcome of ongoing bilateral negotiations Georgios Go to rivieramm

Newbuild ASD tug enhances towage, reduces emissions Portland Port on England’s south coast acquired an ASD 2111 design tugboat from Damen with SCRs to cut NOx emissions during harbour towage Martyn Go to rivieramm