Norway’s offshore and maritime services provider OSM Maritime (OSM) has bought New Zealand’s oil and gas and offshore marine service firm Kingston Offshore Services. “The acquisition was completed on June 30th and aims to further strengthen OSM’s curre…
Norway’s OSM Maritime Buys New Zealand’s Kingston Offshore Services Read More »
Recently proposed U.S. offshore oil and gas leasing program is facing opposition not only from environmentalists but also from the industry.
The post U.S. govt’s new offshore leasing proposal comes under fire from oil & gas industry and environmen…
Tanker with apparently fake P&I cover recently crossed the Bosphorus, highlighting risks in such trades
Soaring Black Sea spot rates attracting dubious operators Read More »
The degraded performance across the ship recycling sector over the last few (and painful) months shows few signs of abating just yet, as it has been a veritable tale of misery, even though prices remain at some of the firmest levels we have seen over t…
Ship Recycling Market Prices continue Free Fall Read More »
Egypt’s Suez Canal revenue hit a record high of $7 billion in the financial year to June 30, up 20.7% from the previous year, Canal Authority Chairman Osama Rabea said on Monday.A statement from the authority attributed the rise to an increase in vesse…
Egypt’s Suez Canal Revenue Hits Record High of $7B Read More »