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Solstad Offshore subsidiary sells PSV Far Supplier

Solstad Offshore’s subsidiary Farstad Marine has sold PSV Far Supplier to an undisclosed buyer.

CMA CGM Sees Volumes and Revenue Rise

CMA CGM has released its third quarter results saying that volumes have risen 5.5 percent and revenue is up 6.3 percent compared to the third quarter in 2017

European Parliament votes to increase transport budget by €7bn

The European Parliament's Committee on Transport and Tourism and the Industry Committee voted to raise the general envelope of the Connecting Europe Facility (CEF) transport budget by €7bn to €33.51bn.

Heerema Fabrication Group Sells UK and Netherlands Yards

Dutch offshore construction and engineering company HFG intends to divest a significant part of its activities in the field of design and fabrication of complex steel constructions for the offshore market

Pacific Basin seals $40m loan facility with Danish Ship Finance

Dry bulk shipowner Pacific Basin has closed a $40m seven-year term loan facility with Danish Ship Finance.

ICE, CME basis-Houston WTI contracts see steady trading in opening weeks

CME Group and Intercontinental Exchange are several weeks into the debuts of their basis-Houston West Texas Intermediate futures contracts,

Ship Finance International Sells Older VLCC

Bermuda-based shipowner Ship Finance International (SFL) announced that it has agreed to sell the 2002-built VLCC Front Falcon to an unrelated third party.

BGC Enters Shipping, Buys Poten & Partners

Global financial and technology giant BGC Partners has completed the acquisition of Poten & Partners, a ship brokerage, consulting and business intelligence firmspecializing in LNG, tanker and LPG markets.

OSV Operators Warn of Continued Weak Day Rates

OSV operators Tidewater, Maersk Group and Bourbon Offshore all warn that the OSV market will continue to suffer from low day rates for the near term. 

Maersk say bunker surcharges fail to fully cover fuel cost increases in Q3

AP Moller - Maersk says that despite the introduction of an emergency bunker surcharge it is not recovering the full cost of increased fuel prices.

Stolt-Nielsen, Golar LNG and Höegh LNG announce joint $182 mln investment in Avenir LNG

Stolt-Nielsen Limited, Golar LNG Limited and Höegh LNG Holdings Limited announced a combined investment commitment of USD 182 million in Avenir LNG

ICS Chairman worried about today’s threats to global trade

Speaking in Tokyo, the Chairman of the International Chamber of Shipping (ICS), Esben Poulsson, gave emphasis on serious concerns regarding the challenge that the US presented

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