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Navig8 product tankers secures loan for 4 new builds

Shipping company Navig8 Product Tankers Inc. has entered into a USD 130.3 million senior secured credit facility agreement for post-delivery financing for four 74,000 DWT LR1 product tankers. The loan, entered into with Citibank N.A., London...

26/04/2016 Read

Technip’s deep energy loses crew member

A crew member on board a Technip-operated pipelay vessel Deep Energy has died as the result of an incident on quayside at Invergordon, Scotland. The crewman is believed to had been of Philippine nationality and the accident reportedly involve...

26/04/2016 Read

UK Is world’s top maritime business hub

The UK is the world’s leading maritime business services hub as the country’s companies offering marine insurance, shipbroking, legal services and education contribute GBP 4.4 billion (USD 6.3 billion) to the economy and employ over...

25/04/2016 Read

Baker Hughes: Weekly offshore rig count dips

Oilfield services provider Baker Hughes has posted Weekly Rig Count reports to its Investor Relations website, according to which the number of offshore rigs in the U.S. has dropped.  BHI Rig Count: U.S. -9 to 431 rigs U.S. Rig Count is do...

25/04/2016 Read

FPSO BW Pioneer stays with Petrobras for 3 more years

Brazil’s oil giant Petrobras has exercised the option to extend the fixed term of the lease contract for BW Offshore’s FPSO BW Pioneer for three years. The contract was extended from the first quarter of 2017 to the first quarter of 20...

25/04/2016 Read

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