As oil started to climb, freight followed suit, continuing to feed the already rising global inflation picture, while the U.S. Dollar wore the crown jewel of the week, rising notably against all of the major international ship recycling markets, says c…
Volatility Challenges Ship Recyclers Read More »
Seadrill has announced that Sonadrill Holding, its 50:50 joint venture with an affiliate of Sonangol E.P., has been awarded a contract extension.A seven-well priced option for the ultra-deepwater drillship Sonangol Quenguela has been exercised…
Seadrill Awarded Contract Extension in Angola Read More »
Gulf Arab states did not ask the U.S. to go to war with Iran, but many are now urging it not to stop short by leaving the Islamic Republic still able to threaten the Gulf’s oil lifeline and the economies that depend on it, three Gulf sources told Reute…
Gulf States Press US to Neutralize Iran Read More »
Panama Ports Company (PPC), a unit of Hong Kong conglomerate CK Hutchison 0001.HK, said on Monday that the Panamanian government failed to file its response by the March 13 deadline in an international arbitration brought by the company.PPC…
CK Hutchison Says Panama Missed Arbitration Response Deadline Read More »
Several U.S. allies rebuffed Donald Trump’s call on Monday to send warships to escort tankers through the Strait of Hormuz, drawing criticism from the U.S. president, who accused Western partners of ingratitude after decades of support.The U.S.…
Trump Upset as Other Nations Reject Call for Hormuz Warship Escorts Read More »