International Seaways, one of the world's oil largest tanker operators, petroleum products, has completed the previously announced merger with Diamond S Shipping Inc. The combined company will continue to operate as International Seaways and trade on the New York Stock Exchange under the symbol INSW.
Japan's Nippon Yusen subsidiary NYK Cruises Co said on Friday that its luxury cruise ship Asuka II was returning to port after a passenger tested positive for the coronavirus.The ship's 295 passengers and 425 crew members will reach Yokohama, just south of Tokyo, around Saturday noon, an NYK Cruises spokeswoman said.
The deepwater market is rapidly returning to pre-COVID-19 activity levels, and the recovery appears to be gaining strength, according to a recent in-depth analysis completed by International Maritime Associates (IMA) and World Energy Reports (WER).“Lots of green shoots have appeared,” says Jim McCaul, head of IMA/WER.
Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports.McCaul bases his assessment on data in a new floating production systems report prepared by World Energy Reports.
Tanker operator International Seaways Inc said on Wednesday it will buy Diamond S Shipping Inc for about $416 million, as it aims to expand its crude shipping capacity and create one of the largest U.S.-listed tanker companies.Diamond S shareholders will receive $10.17 per share, or 0.
Offshore drilling rig contractor Seadrill has filed for bankruptcy protection at a court in the U.S. state of Texas, it said on Wednesday, the second time in four years the company has entered into so-called Chapter 11 restructuring.The Oslo-listed group controlled by Norwegian-born billionaire John Fredriksen returned to court along with several subsidiaries after failing to win consent from
Kevin Mooney has been appointed as President of Irving Shipbuilding, succeeding Kevin McCoy who will retire, the Canadian shipbuilder announced.From now until April, McCoy will assist Mooney with his transition and will support the CSC team, providing advice and assistance on strategic issues.Mooney joined Irving Shipbuilding this past August as Chief Operating Officer.
Britain’s over-50s holidays group Saga said on Tuesday total cruise bookings stood at 140 million pounds ($191.3 million) as it prepares to restart sailing in May after a torrid year for the travel industry due to the global health crisis.Mass vaccination drives have offered hopes for a revival this year but the industry faces fresh uncertainty as new variants of the coronavirus force some
Boluda Towage SL on Thursday signed an agreement to acquire Iskes Towage & Salvage's port towage activities in Eemshaven, the Netherlands; Lubeck, Germany; and Lisbon, Portugal, as well as its offshore activities, together with the management and office staff in the head office in IJmuiden, the Netherlands.
Belgian offshore installation contractor DEME Offshore has completed the installation of offshore wind turbine jackets for the 950 MW Moray East offshore wind farm in Scotland.The offshore wind farm is being developed by Moray Offshore Windfarm East Ltd (MOWEL), which is a joint venture company owned by Ocean Winds ( 56.6%) Diamond Green Limited (33.4%) and CTG (10%).
Sri Lanka has allowed a fire-hit supertanker to sail to the United Arab Emirates, where its oil cargo would be transferred to another ship for further supplies to Indian Oil Corp, officials said.The approval for the ship to leave Sri Lankan waters has been given by the maritime rescue coordination center and it is likely to sail towards the UAE, Captain Indika De Silva said.
The owners the New Diamond supertanker which caught fire with a cargo of two million barrels of oil aboard has agreed to pay 340 million rupees ($1.84 million) to Sri Lanka for its help in extinguishing the blaze and averting disaster.The interim claim is for services provided by the Sri Lankan navy, air force