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Torm is on a Roll

Danish carrier of refined oil products Torm is resuming its shopping spree with a purchase of two high-specification MR resale vessels. The two 50,000 DWT vessels are currently under construction at the Korean yard Hyundai Mipo and will be deliver...

04/08/2017 Read

Pirates kidnap 5 from cargo ship off Nigeria

Pirates purportedly kidnapped five crew members from a cargo ship off the coast of Nigeria on Sunday. The International Maritime Bureau’s Piracy Reporting Centre confirmed that a group of armed pirates board a general a general cargo ship un...

03/08/2017 Read

UK watchdog to look into Wood Group-AFW merger

The UK’s Competition and Markets Authority (CMA) said Wood Group’s acquisition of Amec Foster Wheeler creates reasons for competition concerns.  According to CMA, the merger “gives rise to competition concerns in the su...

03/08/2017 Read

Commentary: Witnessing the ongoing transformation of the oil and gas industry

The offshore industry is experiencing rapid change as companies have scaled down projects, introduced strict standards for facilities and equipment and optimized project design By Alessandro Blasi Senior Programme Officer The last few...

03/08/2017 Read

VP Pence sees more US LNG to Lithuania

US Vice President Mike Pence said on Monday he expects more liquefied natural gas (LNG) supplies from the US to Lithuania after the latter bought two cargoes of the fuel from Cheniere’s Sabine Pass terminal in Louisiana. To remind, Lith...

02/08/2017 Read

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