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News
Havila Shipping lands fresh Equinor extension
38+ min ago (99+ words) Norwegian offshore vessel operator Havila Shipping has secured another one-year extension with Equinor for the rescue and recovery vessel Havila Troll. The latest option will keep the 2003-built ship with the Norwegian energy major until November 2027. Financial terms have not…...
Sanctioned tanker hijacked in Gulf of Aden
2+ day, 14+ hour ago (291+ words) A US-sanctioned product tanker has been hijacked in the Gulf of Aden and forced towards Somalia, the second reported vessel seizure in the region this week as Somali piracy gathers renewed momentum. UK Maritime Trade Operations said the incident occurred…...
ExxonMobil awards $1.1bn in Mozambique LNG project deals
5+ day, 13+ hour ago (184+ words) US supermajor ExxonMobil has awarded approximately $1.1bn in pre-investment contracts for equipment supporting the Rovuma LNG Phase 1 development in Mozambique. Advanced Technology Valve was awarded a deal for engineering, procurement, fabrication, testing and delivery of large-bore production valves. Corinth Pipeworks won…...
China???s VLOC conveyor belt threatens to dilute Simandou cape upside
1+ week, 2+ day ago (332+ words) Capesize owners counting on Simandou to transform dry bulk shipping may need to temper their expectations, with growing evidence that much of the new Guinea-China iron ore trade is developing into a tightly controlled conveyor belt dominated by very large…...
Chrome ore emerges as dry bulk???s biggest grower in 2026
1+ week, 3+ day ago (446+ words) Chrome ore has emerged as the fastest-growing dry bulk commodity trade of 2026, as the collapse of South Africa’s ferrochrome smelting industry pushes greater volumes of unprocessed ore onto ships bound principally for Asia. Chrome ore is used primarily to make…...
TechnipFMC secures subsea contract for Angola oil project
1+ week, 4+ day ago (165+ words) Offshore contracting giant TechnipFMC has been awarded a contract by Azule Energy to supply flexible flowlines and risers for the West Hub Tails project, an extension of the Agogo Integrated Development. Under this award, TechnipFMC will design and manufacture flexible…...
Noble lands 670-day ConocoPhillips jackup contract
1+ week, 5+ day ago (140+ words) Offshore drilling giant Noble Corporation has been awarded a contract by ConocoPhillips for one of its ultra-harsh environment jackups. The contract was awarded to the 2014-built Noble Interceptor. The scope comprises plug and abandonment wells in the Greater Ekofisk Area....
Cape Town targets ship repair expansion
1+ week, 6+ day ago (307+ words) Transnet National Ports Authority has launched a tender for a private operator to develop and run a new floating dry dock at the Port of Cape Town under a 25-year concession. The successful bidder will be responsible for designing, financing…...
Vitol joins $20bn Tanga energy hub push
2+ week, 2+ day ago (227+ words) Global commodity trader Vitol has teamed up with the state oil companies of Uganda and Tanzania to develop a major energy hub at the Tanzanian port of Tanga, a project the two governments value at more than $20bn. The project is…...
Valaris lands new contracts as backlog reaches $4.6bn
2+ week, 3+ day ago (512+ words) Offshore driller Valaris has secured a batch of new contracts and extensions for its rig fleet, lifting its backlog to $4.6bn. Its 2015-built Valaris DS-18 drillship won a letter of award from an unnamed client for a two-well exploration program. The…...