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TEN finds work for two suezmaxes

Tanker operator Tsakos Energy Navigation (TEN) has chartered out two of its Suezmax vessels to an unnamed US oil concern.  As stipulated by the deal, two Suezmax vessels have been chartered for three years, bringing the relationship to s...

21/08/2017 Read

Houthi rebels carry out series of bomb-boat attacks

Saudi coalition forces have been on guard in the port of Mokha after a recent series of attacks by remote-controlled, bomb-laden boats operated by Houthi rebels. The Houthi forces have had success with this tactic before: in January, they d...

18/08/2017 Read

Boskalis’ 1H profit slashed ‘as expected’

Dutch offshore and dredging services giant Boskalis reported a net profit of 75.1 million euros for the first half of 2017. The profit nearly halved from 147,5 million reported in the corresponding quarter of 2016. Boskalis’ revenue was s...

18/08/2017 Read

Pacific Basin staying clear of ordering

Hong Kong-based dry bulk shipping company Pacific Basin will not be exercising its options for newbuilding tonnage as long as the current market conditions remain, the company said. The dry bulker owner has options to purchase 11 Handysize, 3...

18/08/2017 Read

Offshore rig dayrates expected to remain soft

Danish offshore driller Maersk Drilling does not expect to see financial improvements from an increase in offshore rig demand until the market reaches a stable oil price above $60 per barrel or until industry cost levels adjust further to a lowe...

17/08/2017 Read

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