Login

Siem Offshore to extend large loan

header_toppageid172.jpg Offshore:

Siem Offshore will extend the repayment period on two Norwegian bond loans. The offshore carrier, controlled by Kristian Siem, will also issue shares for a total NOK 190 million. The issue is fully secured by majority shareholder Siem Europe.

Oil producers consider output cut extension as support grows

olie.jpg Offshore:

OPEC members weigh an extension of their output reduction deal as member states say more time is needed to reduce the stockpiles. Ministers from oil countries have asked OPEC to make a recommendation a month from now on the possibility of prolonging the cuts.

New Danish North Sea deal settled

Maersk_Drilling _Nordsøen1.jpg Offshore:

The companies operating in the North Sea, including Maersk Oil, and a majority in the Danish parliament have agreed on a new deal for oil extraction in the North Sea. Maersk Oil is pleased with the agreement, which according to the company enables a full redevelopment of the Tyra gas field, which was otherwise facing closure.

Last week's top stories on ShippingWatch

johan.jpg Carriers:

Shipowner Johan Wedell-Wedellsborg opened up about the sale of Stena Weco to Stena Bulk, Maersk Group CEO Søren Skou is building a new CEO Office, and the dry bulk shares have skyrocketed in 2017 so far. Here are this week's top picks on ShippingWatch.

Test your ShippingIQ

Nord-energy.jpg Carriers:

Are you up-to-date with the most important events in the international shipping industry from the past week? Have a crack at our new quiz and get the chance to win an iPad Mini.

Farstad makes massive impairments

Farstad Shipping Sirius Offshore:

Norwegian offshore carrier Farstad Shipping impaired assets by NOK 1.8 billion in the fourth quarter 2016. The carrier will soon become part of the new offshore giant Solstad Farstad, backed by investors Kjell Inge Røkke and John Fredriksen.

Test your ShippingIQ

lng rotterdam bu samra.jpg Carriers:

Are you up-to-date with the most important events in the international shipping industry from the past week? Have a crack at our new quiz and get the chance to win an iPad Mini.

Last week's top stories on ShippingWatch

gbghamn-heli16_41a1726.jpg Carriers:

Trendsetting companies in sectors such as tanker presented financial reports, APM Terminals opened up about the future partnership with Maersk Line, and we got to know a shipping company which usually subscribes to a great degree of discretion. This week's top picks on ShippingWatch.

Test your ShippingIQ

Rolls-Royce ubemandet.jpg Carriers:

Are you up-to-date with the most important events in the international shipping industry from the past week? Have a crack at our new quiz and get the chance to win an iPad Mini.

Test your ShippingIQ

Farstad Shipping Sleipner Carriers:

Are you up-to-date with the most important events in the international shipping industry from the past week? Have a crack at our new quiz and get the chance to win an iPad Mini.

Prosafe appoints new CEO

jesperkraghandresen.jpg Offshore:

Jesper Kragh Andresen will take over as new CEO of Prosafe, which owns the world's largest fleet of accommodation vessels for the oil sector. He previously headed Lauritzen's offshore company Axis Offshore, which was acquired by Prosafe in early January.

This week's top stories on ShippingWatch

hamburgsud4.jpg Carriers:

Perhaps Maersk Line can expect a positive result in its interim report, set for release next Wednesday. The battle for the ballast water market has begun. John Fredriksen struggles with two separate issues. And Shipping and offshore are hurting banks. Read this week's top picks on ShippingWatch.

ADVERTISEMENT

Vacancies

ADVERTISEMENT