John Fredriksen-backed owner SFL Corporation has secured a new drilling assignment for its semisubmersible rig Hercules, lining up a contract worth about $170m offshore Canada. The US- and Oslo-listed ...

China Merchants Group is expanding its greener inland fleet, with subsidiary Changhang Freight (Zhoushan) contracting two LNG-powered bulk carriers at a domestic shipyard. The newbuildings will be ...

Norwegian offshore contractor DOF Group has won a new contract for one of its vessels and an extension for another. According to the company, the new deal was awarded to the 2011-built anchor handler ...

Swiss insurance giant Zurich is buying British rival Beazley for £8.1bn ($10.8bn), having had an earlier £7.7bn bid rebuffed. Beazley, which features a significant marine portfolio, will be delisted ...

UAE-based fabricator Lamprell has been appointed by ONGC to deliver the pipeline replacement project PRP-IX off the coast of India. The contract covers the replacement and laying of approximately 285 ...

What will the shipping markets look like in the coming 12 months? Maritime CEO’s annual outlook for the Year of the Fire Horse consults hundreds of experts within the industry to give readers a unique ...

Iran has reportedly hit an unnamed oil platform and a jackup rig located within the United Arab Emirates part of the Persian Gulf, increasing the number of targets in its offensive. The attack on the ...

With so many technologies on the market, how do you evaluate what is genuinely valuable? The latest instalment from Maritime CEO’s guide to shipping in the Year of the Fire Horse. The maritime ...

Two powerhouses in global shipping are joining forces to develop ethanol-powered engines. Brazilian mining giant Vale and Everllence, the world’s top ship engine manufacturer, have signed a ...

A sanctioned Russian LNG tanker, Arctic Metagaz, has sunk in the central Mediterranean after suffering explosions and a subsequent fire, Libyan port authorities and Moscow said, though the cause ...

Offshore engineering and services player Subsea7 has won a variation order from the Turkish Petroleum Offshore Technology Centre (TP-OTC) for the Sakarya field development in the Black Sea, offshore ...