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Sun, Mar

Seatrium Unit Launches Arbitration Against Petrobras over FPSO Contract

Seatrium, through its wholly owned subsidiary Jurong Shipyard, has started arbitration proceedings against Petrobras Netherlands in connection with a legacy contract for the conversion of the P-54 floating production, storage and offloading…
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Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Offshore drilling contractor Transocean has agreed to acquire Valaris in an all-stock transaction valued at about $5.8 billion, creating one of the world’s largest offshore drilling contractors with a fleet of 73
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Despite Sea Disputes, Philippines, China Tensions Calm

The Philippines' ambassador to the United States on Tuesday underscored the need to "cool" the temperature with China, after both sides signaled their willingness to set aside tensions in the South China
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Korea Advances International Standards for Ammonia Effluent Discharge

While the IMO has established interim guidelines to facilitate the use of ammonia as a marine fuel, international standards governing the safe treatment and discharge of toxic ammonia effluent generated during vessel
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WiseTech Global and Hapag-Lloyd Launch IoT Container Tracking Pilot

Supply chain technology solutions company WiseTech Global has partnered with Hapag-Lloyd to trial the integration of Internet of Things (IoT) technology for real-time global container visibility, tracking and data collection.Hapag-Lloyd’s fleet…
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IBIA Announces Results of Board Member Elections at AGM

IBIA – International Bunker Industry Association Board announced the outcome of their elections at the IBIA Annual General Meeting (AGM), ahead of the IBIA Annual Dinner at the Grosvenor House Hotel in
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Russian Oil Tankers List Singapore as Destination, Export Flows Shift to China

Russian oil tankers are increasingly listing Singapore as their official destination, signalling a shift in export flows from India to China and growing concerns over Western sanctions, traders said and LSEG shipping data shows.LSEG
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EU Proposes Extending Sanctions on Russian Oil to Georgian, Indonesian Ports

The EU has proposed extending its sanctions against Russia to include ports in Georgia and Indonesia that handle Russian oil, the first time it would target ports in third countries, a proposal document showed on
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