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Frontline restructuring moves ahead

Frontline Ltd., the world’s largest tanker company, today issued an update on progress with the restructuring plan it announced December 6. That plan is backed by more than $505 million in guarantees

ASRY marks anniversary with investment

Arab Shipbuilding and Repair Yard (ASRY), one of the world’s leading shiprepairers, opened its doors to more than 400 guests, including a group of international journalists earlier this month as part of

Kirby buys Seaboats Inc. tank barge fleet

Houston-based tank barge giant Kirby Corporation (NYSE: KEX) today announced the purchase of the coastwise tank barge fleet of Seaboats, Inc. and affiliated companies consisting of three 80,000 barrel coastwise tank barge

Bourbon opens Saint Petersburg based affiliate

Paris-headquartered offshore services giant Bourbon has opened Bourbon Baltic, an affiliate based in Saint Petersburg, Russia, to optimize crew recruitment and to continue offering oil and gas clients around the world top