LATEST NEWS
Vantage Drilling and Eldorado Agree $257.6 Million Merger
Vantage Drilling and Eldorado Drilling have agreed to merge in a $257.6 million cash transaction, adding to offshore rig market consolidation.
Knutsen Expands LNG Orderbook at Hanwha Ocean
Knutsen Group has ordered another 174,000 cu m LNG carrier at Hanwha Ocean, lifting its LNG portfolio to 52 vessels and extending its 2029 newbuilding pipeline.
China’s Pinglu Canal Set for Early Trial Operations
China’s $10 billion Pinglu Canal is set to begin trial operations as early as September, linking Guangxi’s inland regions to the Gulf of Tonkin.
Inkfish Orders Nearly €700 Million Research Vessel from Vard
Inkfish has ordered RV11000 from Vard, a 162 m deep-sea research vessel designed for mapping, coring, submarine support, and ROV work down to 11,000 m.
Seaway Eagle Carries Magniacus Jack-Up Rig to Aliaga
Seaway Eagle departed Vlissingen carrying the historic jack-up drilling rig Magniacus, which appears to be heading to Aliaga, Turkey, for recycling.
HD Hyundai Builds Canada Shipyard Links for Submarine Bid
HD Hyundai Heavy Industries is expanding cooperation with Canadian shipyards as it seeks to win the Canadian Patrol Submarine Project with Hanwha Ocean.
Vuyk Engineering Selected for Jumbo Maritime’s New Heavy-Lift Vessel Design
Vuyk Engineering will design Jumbo Maritime’s new L-Class heavy-lift vessels, combining offshore cargo transport with lifting capacities of up to 2,400 tonnes. The first vessel is scheduled for delivery in the third quarter of 2028.
BW LPG Orders Eight VLGCs in $940 Million Deal
BW LPG has ordered eight 90,000 cu m panamax VLGCs from HD Hyundai Heavy Industries in a $940 million fleet renewal move.
COSCO Tanker Voyage Deepens Jones Act Waiver Debate
A COSCO-operated Chinese tanker carried asphalt from Louisiana to Connecticut under a Jones Act waiver, drawing criticism over national security exemptions and foreign participation in U.S. domestic shipping.
