Topaz lands five-year contract with BP for 14 vessels

Offshore carrier Topaz Energy and Marine has secured a contract from BP to service the oil major in the Caspian Sea. The deal covers 14 of Topaz' vessels which will be on contract for five years.

BY TOMAS KRISTIANSEN

In the midst of what numerous observers describe as the worst ordering scenario ever for the world's offshore supply carriers, Dubai-based Topaz Energy and Marine has secured a five-year contract with BP for 14 of the carrier's vessels, according to a press release from Topaz.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles

Receive our daily newsletters

Access our app

Get full access for you and your coworkers

Start a free company trial today

Topaz orders supply vessels from Norwegian yard
For subscribers
Topaz' West Africa venture hit bottom line
For subscribers
Topaz ready for expansion drive in toxic offshore market
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Logistics

Packed container ships trigger surge in air freight demand

Global demand for air freight has increased by 14% since last year, according to DHL Global Forwarding.

DHL expects turmoil in supply chains for a while yet

Congestion in Asian ports is now as bad as during Covid

For subscribers

The penal code provision on trespassing is used when someone enters private property without permission. | Foto: Jens Dresling/Ritzau Scanpix

Container

14 arrested at demonstration in front of Maersk headquarters

For subscribers

Chief executibe of Wallenius Wilhlemsen Lasse Kristoffersen, and chief executive of Höegh Autoliners Andreas Enger. | Foto: Wallenius Wilhelmsen and Javad Parsa

Carriers

Norwegian car carriers bag multi-year contracts

For subscribers

Foto: Hannibal Hanschke/Reuters/Ritzau Scanpix

Regulation

IMO's fossil fuel ban in the Arctic faces criticism

For subscribers

Container

Record influx of container ships this year will not cause trouble until 2025

For subscribers

Container

Cosco and CMA CGM expect further pressure on major European ports

For subscribers

”We are very happy with how our new organization is working and we are hearing the same from our customers,” writes Kuehne+Nagel about the reorganization implemented at the company in early spring. | Foto: Daniel Reinhardt/AP/Ritzau Scanpix

Kuehne+Nagel triggers unrest among staff with new management structure

The logistics major may have lost talent and created confusion, according to current and former managers. The company does not share the concerns.

For subscribers

Dry cargo carriers discussed the green transition at Marine Money Week. | Foto: Foto: Marine Money Week

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Bulk majors Golden Ocean, Genco and Navios do not see a consensus on green fuels for bulk shipping in the short term.

For subscribers

Less than one percent of the container fleet is currently idle

New data shows that only 77 container ships in the entire global fleet are not working, a number not seen since the pandemic.

For subscribers

Foto: Bernd Von Jutrczenka/AP/Ritzau Scanpix

Congestion in Asian ports is now as bad as during Covid

The Port of Singapore has not seen such pressure from high container volumes since the pandemic as nervous shippers move forward the peak season.

For subscribers

Analysis: Capesizes have become too expensive despite strong market

Since late 2023, the purchase and sale of second-hand capesizes has increased significantly. The price of newbuilds is also at its highest in 15 years.

For subscribers