Norwegian offshore carriers more optimistic about the future

Two of the biggest carriers in Norwegian offshore, Solstad Farstad and DOF Subsea, note in their annual reports that there is increased tender activity in the oil market, which indicates a better market in the future. The market has bottomed out, says Solstad Farstad.

BW Offshore expects stronger 2018

BW Offshore had a profitable 2017, producing first oil on a prestige project late in the year. The company has kicked off 2018 on a more solid platform and can benefit from a stronger market, says CEO.

Røkke pays USD 100 million for Hess Ghana

Kjell Inge Røkke's Aker Energy is buying into a Ghana oil field with big plans for significant development of the company's assets in the country, informs Aker in a press release Monday.

This week's top stories on ShippingWatch

Prices for offshore vessels at rock bottom, the view on ethics among carriers as well as investors, and a McKinsey report on the container industry's return on investments were all among this week's top stories on Shippingwatch.

Prices on offshore vessels at rock bottom

Bourbon is looking to sell 41 of its older vessels at a time when PSV newbuilds can be bought in China for as little as USD 15 million. "Asset values on dated tonnage can't get much lower," says VesselsValue.

US supertanker terminal set to export oil for first time

The biggest crude oil imports terminal in the US is testing one of the sector's biggest tankers to load an export cargo for the first time. This could represent a step forward in US capacity to export its rising oil production.

Bourbon books huge loss on sale of 41 vessels

French offshore carrier Bourbon is restructuring and splitting into three affiliate companies. The company will sell 41 ships at the "current market price" triggering an expected impairment loss of around EUR 170 million.

Last week's top picks on ShippingWatch

The season for financial reports kicked off last week with figures released by DSV, DFDS and Maersk, while another ban in the climate battle inched closer to realization in London.

Police are investigating Statoil after leak

The Petroleum Safety Authority of Norway has requested that the country's police proceed with a case concerning oil refinery Mongstad, which was evacuated in the fall of 2016.

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