Subsea 7 acquires assets from distressed peer

Offshore carrier Subsea 7 has acquired a series of assets from distressed peer EMAS Chiyoda Subsea. The purchase comes with an order backlog of USD 850 million and will strengthen the company's presence in the Middle East, says CEO.

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Nordic shipowners see multiple problems with speed limit

Danish Shipping and the Norwegian Shipowners' Association think that there are many potential pitfalls in implementing a speed limit for vessels in order to reduce their greenhouse gas emissions. The discussion of a speed limit was instigated by the new ECSA chairman.

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