Shipping stocks hit calmer waters in Europe after Hormuz closure spurred ‘big negative moves in Asia’
Tanker shares recover in Oslo after a bruising session in the US and a turbulent trading day in Asia
Fujairah Bunkering Hit by Fire, Demand Shifts to Other Hubs
Ship refuelling at Fujairah, a major bunkering hub in the United Arab Emirates, has slowed after a fire, market sources told Reuters, while demand at other refuelling hubs, including Singapore, is set to rise.Some bunker deliveries and loadings were on…
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Shell tasks Velesto with deepwater ops support in Malaysia
Sabah Shell Petroleum Company (SSPC), the Malaysian business arm of the UK-headquartered energy giant Shell, has hired Velesto Workover, a subsidiary of Malaysia’s Velesto Energy, to assist during its deepwater activities off the coast of Sabah.
The po…
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NKT wins its largest single project award ever with €2.2B contract for UK subsea link
Danish power cable manufacturer and installation firm NKT has signed the firm contract for the […]
The post NKT wins its largest single project award ever with €2.2B contract for UK subsea link appeared first on Offshore Energy.
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Hansson family builds Nordic American Tankers stake
CEO Herbjorn and his son, vice-chair Alexander, now control 5.2% of suezmax company
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