Farstad Shipping vessels win charter contracts

FEBRUARY 27, 2017 — Norway’s Farstad Shipping ASA has been awarded a number of charter contracts that, says CEO Karl-Johan Bakken, show its ability to to efficiently and safely return vessels from

VIDEO: MacGregor launches new ship-to-ship transfer system

FEBRUARY 23, 2017 — MacGregor has launched a new crane compensation system for offshore ship-to-ship load transfers that it says offers substantially larger operating windows as well as safer and faster load

Ultrapetrol files for Chapter 11

FEBRUARY 7, 2017— Ultrapetrol (Bahamas) Limited and a number of its subsidiaries yesterday filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York yesterday. Ultrapetrol

Profits down, Keppel closes three yards, mothballs two

JANUARY 26, 2017 — As part of a continuing painful “rightsizing,” Keppel Offshore & Marine is to close three Singapore shipyards and mothball two overseas yards. Parent Keppel Corporation Limited today reported

Boutique shipping bank open for business in Oslo

DECEMBER 22, 2016 — Back in February 2014 we reported that a niche Norwegian merchant bank providing mortgage based lending to the maritime and offshore industries planned to start operations in April

Maersk Supply sheds two more

DECEMBER 14, 2016 — Maersk Supply Service is halfway to meeting the divestment goal it announced back in August, when it said it planned to shrink its fleet by up to 20

Eidesvik brings seismic duo out of lay-up

NOVEMBER 14, 2016 — Norway’s Eidesvik Offshore is bringing two seismic vessels out of lay-up. Eidesvik has been awarded two contracts from CGG for the seismic vessels Vantage and Veritas Viking. They

Siem set to take a stake in Farstad Shipping

NOVEMBER 4, 2016 — Kristian Siem, founder and Chairman of Siem Industries, is often referred to as “Norway’s Warren Buffet,” thanks to a successful strategy of making long term investments in undervalued

VIDEO: Converting a vessel for a new market in days

OCTOBER 12, 2016 — Ulstein Design & Solutions AS is offering shipowners a way to mobilize vessels for new markets within a few days and without modifying the ship structure. It is

Maersk Supply to cut shoreside jobs

OCTOBER 3, 2016 — Back in August Maersk Supply Service said it was shedding up to 20 vessels from its legacy fleet and making around 400 crew members redundant. Today, the other

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