LATEST NEWS
Strategic Marine Delivers First Two Supa Swath Vessels
Strategic Marine has delivered the first two Supa Swath vessels to Mainprize Offshore under a six-vessel programme signed at Seawork 2024, supporting offshore renewables operations and planned fleet expansion in Europe.
IMO Urges Caution for Ships in Strait of Hormuz
The IMO has urged shipping companies to put crew safety first after attacks on merchant vessels in the Strait of Hormuz caused seafarer casualties. The agency also warned operators to use only confirmed information when making navigational decisions in the high-risk corridor.
Hormuz Transit Refusal Right Expanded for Seafarers
Seafarers on IBF-covered ships can now refuse voyages through the Strait of Hormuz and the wider Middle East Gulf after the threat level reached its highest category. The new arrangement includes repatriation rights, two months of basic wage compensation, higher pay in the zone, and doubled compensation in death or disability cases.
GTT Secures LNG Carrier Tank Design Order
GTT has received an order from Samsung Heavy Industries for the tank design of one 180,000 m³ LNG carrier for a European shipowner, with delivery expected in 2028.
Equinor Gets Consent for Deepsea Bollsta Work
Equinor has secured Norwegian consent to use Deepsea Bollsta for drilling, completion, temporary plugging and workover on Johan Sverdrup, following a rig contract extension tied to an eight-well program.
Hercules Wins Canada Rig Deal
SFL Corporation has secured a new Canada drilling contract for the Hercules semi-submersible. The deal is worth about $170 million and covers a minimum 400-day term from Q1 2027.
Hormuz Strait Stays Open as Iran Signals No Immediate Closure
Iran said the Strait of Hormuz remained open and ruled out an immediate shutdown, even as ship movements through the waterway nearly came to a standstill during the US-Iran war.
Gulf War Cover Stays Available Under Tighter Terms
War risk cover remains available for Persian Gulf and Red Sea shipping on a single-voyage basis, but insurers are tightening terms as disruptions, rerouting, and supply chain risks grow.
Wellesley Gets North Sea Drilling Consent
Wellesley Petroleum has secured consent to drill the 35/10-16 S exploration well in the Norwegian North Sea, with Deepsea Yantai set to handle the work.
