A U.S. judge said on Tuesday he would approve Seadrill Ltd’s plan to exit its Chapter 11 bankruptcy, in which the global offshore oil and gas drilling company would shed billions of dollars of debt and raise $1 billion in new investment. U.S.
US Court Approves Seadrill’s Bankruptcy Exit Plan Read More »
MPI Offshore’s wind turbine installation vessel (WTIV) MPI Enterprise has recently been upgraded with spudcans. The spudcans, which were installed during a drydocking in Rotterdam, increase the load-bearing area when the vessel is jacked up.
MPI Enterprise Fitted with Spudcans Read More »
Crowley Alaska Tankers, LLC, has completed its acquisition of three tankers from SeaRiver Maritime Inc. and is now chartering the vessels back to SeaRiver under varying multi-year terms.The tankers Liberty Bay and Eagle Bay, now under Crowley…
Crowley Acquires Three SeaRiver Tankers Read More »
While orders for new vessels have continued to decline worldwide in 2017, the situation in the German and European shipbuilding market is different, with an increase of incoming orders. As shipping experts state: “…this is not a trend but a snapshot……
German Shipbuilding: A Strong Vessel in a Heavy Sea Read More »
Danish dry bulk carrier Thorco Bulk announced today it has been renamed Trithorn Bulk with immediate effect. “This is a natural development for our company. We wish to further strengthen our corporate identity and position in the market by taking a nam…
Thorco Bulk Renamed Read More »