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Splash 247 08/22/2019 02:04
Following a temporary slowdown earlier this month, the sale and purchase market has been gradually warming up again with optimism in both the bulk and tanker markets plain to see. It has been Asian buyers who have led the way in the past few days with Europeans expected to get their chequebooks out more seriously […]
Splash 247 08/22/2019 00:25
TechnipFMC has been awarded a major integrated engineering, procurement, construction and installation contract by Shell for the PowerNap project, located in the Gulf of Mexico. TechnipFMC will design, manufacture and install subsea hardware, including subsea tree systems, subsea distribution controls, topside controls, flying leads and connectors for three wells, in addition to the supply of […]
Splash 247 08/21/2019 23:00
Borr Drilling has announced that the board plans to appoint Paal Kibsgaard as its new chairman, which his election set to take place at the annual general meeting to be held on September 27. Kibsgaard began his career in 1992 working for Exxon Mobil and has extensive experience in the oil and gas industry. He has served […]
Splash 247 08/21/2019 21:32
Offshore services firm Petrofac has been awarded a three-year operations and maintenance support services contract by INEOS FPS. Petrofac said the contract will see it provide personnel to the Unity platform in the Central North Sea, the onshore Cruden Bay Terminal and other landline sites. Nick Shorten, managing director of Petrofac Engineering and Production Services […]
Splash 247 08/21/2019 21:12
Norway’s Aker Solutions has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) to deliver subsea umbilicals for the Dalma gas development project, offshore UAE. The contract, valued at around is about NOK700m ($78m), includes four steel tube umbilicals totaling more than 100km. The umbilical system will connect the subsea equipment to three […]
Splash 247 08/21/2019 05:20
Maersk has formed a strategic partnership with Indian digital trucking marketplace solutions startup BlackBuck to provide an online marketplace for containerised trucking in and out of the world’s second most populous nation. Maersk and BlackBuck said they are looking to address key local trucking challenges together around demand-supply visibility, real-time tracking, and improving asset utilisation […]
Splash 247 08/21/2019 03:09
Ten years ago LNG was a rare segment that was not dominated by the Greeks. As the dawn of a new decade beckons, the world’s largest shipowning nation has gained strong leadership in this most capital-intensive of cargo shipping interests. Latest statistics from Greek brokers Intermodal show that Greek owners now account for 32% of […]
Splash 247 08/21/2019 02:50
J Mintzmyer is an increasingly rare species – a shipping stock analyst, moreover he’s a guy who actually picks out the winners unlike most of his peers. Mintzmyer works for US-based Value Investor’s Edge. For every theoretical $100,000 invested in the market, Mintzmyer and his team are outperforming the industry average by $9,000 to $23,000. […]
Splash 247 08/21/2019 01:44
Ningbo-based iron ore trader Henghou Group is looking to clear out its shipping fleet, having put its two VLOCs up for sale. According to shipbroking sources, the company has listed the two 2017-built 250,000 dwt ore carriers Houheng 5 and Houheng 6 for sale. The two vessels, currently managed by Thome, are both trading in […]
Splash 247 08/21/2019 00:18
Malaysian offshore vessel operator Icon Offshore has appointed Dato Sri Hadian Hashim as the new managing director of the company. Dato Sri Hadian, 61, started his career with Sarawak Shell in 1982 and is a veteran of Malaysia’s oil and gas industry. He was one of the founding shareholders of Sona Petroleum. In the meantime, Captain Hassan Bin […]


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