South Korean shipbuilder prepares to rebrand

Well-known shipyard DSME is expected to approve a branding change at a general meeting later in the month.

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ShippingWatch closed Friday due to national holiday

World Marine Offshore managed a fleet of smaller vessels used to transport crew to offshore wind farms. When the company went bankrupt, most vessels lay inactive in the Port of Esbjerg, though. | Foto: World Marine Offshore

Claims against World Marine Offshore keep increasing

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Viking Supply Ships expects increased North Sea activity

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Oil price brings optimism to BW LPG's 2023 outlook

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Sale of bankrupt carrier shelved despite bids from several buyers

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Maersk injected capital into Maersk Supply Service before sale
Capital has gone towards a new wind ship, among other. The company has now been sold to A.P. Moller Holding, a transaction that went through on Monday.
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Russian oil exports at post-invasion high
India and China have ramped up Russian oil imports, propelling April’s levels to the highest since Russia’s invasion of Ukraine in February last year.
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Maersk Supply Service taps new CEO and reshuffles board
As part of a larger reorganization, Maersk Supply Service gets a new chief executive officer and a brand new board. CEO Steen Karstensen leaves the company after 37 years.
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Edda Wind sees demand for offshore vessels exceed fleet
The Norwegian offshore shipping company spots increasing demand for SOVs towards 2030, when a need for more than 250 vessels outmatches today’s 60 ships.
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Kristian Siem increases his stake in Solstad Offshore
The Norwegian shipping investor is now the sixth-largest shareholder in offshore carrier Solstad.
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Tidewater looks ahead after recent ship purchase: "We're optimistic"
The offshore carrier expects to finalize its acquisition of Solstad’s fleet during this quarter. Management is already looking ahead for new opportunities.
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Equity fund drags banks to court in Norwegian ship controversy
A specialized vessel from Solstad Offshore, which cost USD 380m in 2016, is at the core of the strife between an equity fund and three banks.
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North Star orders two new specialized vessels for offshore wind
Norwegian shipbuilder and designer VARD is to deliver two specialized vessels for British company North Star to service offshore wind.
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Gas production in Middle East expected to increase steadily towards 2030
With large-scale investments in production facilities, the Middle East is expected to increase gas supplies by 20 percent in the run-up to 2030, according to one report.
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Drilling companies eye enduring upswing ahead
Valaris and Transocean increased their earnings in Q1 and both guide for bolstered drilling demand in the time to come.
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Esvagt looks into busy year with full fleet utilization
The Danish offshore service provider increased its revenue in 2022 while the bottom line came out red. This year, the company is ready to grow in an energy market subject to high demand.
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Prosafe CEO to step down after six years in charge
The accommodation rig provider will start looking for a new chief executive after Jesper K. Andresen has announced his departure.
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Cadeler bags major Ørsted contracts
From 2026, the Danish offshore company will transport and install foundations at offshore wind park Hornsea 3 off the UK.
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Nine countries look to double North Sea wind output
At a North Sea summit on Monday, nine countries plan on turning the North Sea into a power house.
Prosafe sees stark decline during Q1 for fleet utilization
Prosafe, which offers accommodation rigs for offshore industries, notes a massive fall in fleet utilization in Q1 compared to one year prior.
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Siem Offshore sees high ship demand for customers' new projects
The Norwegian offshore service provider increases its revenue and predicts solid demand with several long contracts and offshore projects in coming years.
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Ulstein to design new ships for Cyan Renewables
The young Singaporean-Danish wind carrier Cyan Renewables expands its fleet of installation vessels.
Seadrill flipped deficit to profit after restructuring
Drilling company Seadrill turned bottom-line figures from red to black in the same years as the company completed its restructuring.
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Valaris sets climate targets for 2030
Valaris want to cut its own carbon emission by at least 10 percent in 2030, the drilling company writes in its sustainability report.
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Havfram commissions its second large installation vessel
The offshore service provider utilizes an option for yet another vessel that can be used for installation of wind turbines with rotor diameters of more than 300 meters.
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