Norway’s Borr Drilling plans to buy five new jack-up oil drilling rigs from an Asian shipyard for a total of $720 million, the company said on Tuesday.The company, founded by Norwegian investor Tor Olav Troeim and backed by oil service firm Schlumberge…
Borr Drilling to Buy Five Jack-up Rigs for $720 Mln Read More »
The new ‘Sulfur 2020 – Options Evaluator’ from Lloyd’s Register (LR) aims to help the industry identify the best strategy for compliance with the global sulfur in fuel oil limit of 0.50 percent m/m, which comes into effect on January 1, 2020.According …
New Online Tool Aids 2020 Sulfur Compliance Read More »
Saudi Arabia based Bahri Group, one of the largest ship owners in the Middle East and the largest owner of very large crude carriers (VLCC) in the world, has opted for digital solutions from Singapore based MariApps Marine Solutions to help meet its sh…
Bahri Chooses Digital Strategic Partner Read More »
On Monday, May 14, shipbuilder General Dynamics Bath Iron Works held a keel laying ceremony for the U.S. Navy’s future USS Daniel Inouye (DDG 118). The $642.5 million Arleigh Burke-class destroyer DDG 118 has been under construction since October 2014 …
Keel Laid for Future USS Daniel Inouye Read More »
The shipping industry has long been criticised by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. Now, it is being called to account from a quarter that may have a bit more clout – its fi…
Financiers Turning the Tide on Shipbreaking Practices Read More »