The finalists have been announced for this year’s Seatrade Awards – which is also the 30th anniversary of this prestigious awards scheme.

Analysts at investment bank Morgan Stanley have predicted that crude oil prices could spiral to $90 a barrel by 2020 as the IMO’s 0.5% sulphur cap boosts demand from ship operators for more refined products.

The International Maritime Organization (IMO) is setting up a taskforce on autonomous ships as it starts to look at regulation and safety of this new development in the industry.

Following a major restructuring of its business AP Moller – Maersk was $220m in the red in Q1 for its continuing operations while discontinued operations racked up a healthy $2.98bn profit boosted by the sale of Maersk Oil.

Singapore rigbuilder Keppel FELs has inked an agreement with aggressively expanding Borr Drilling to sell five jack-up rig newbuild resales for $745m.

Songa Shipmanagement has opted to fit scrubbers from CR Ocean Engineering (CROE) to 14 of its oil/chemical tankers and heavy lift vessels, and has taken options for five more systems.

One of the largest Greek shipowners Angelicoussis Shipping Group Limited (ASGL) has opted for Ecochlor to retrofit 36 vessels with Ballast Water Treatment Systems (BWTS).

Bermuda has launched a request for qualification (RFQ) for companies to build a $75m international cargo port on the island.

Continuing its consolidation of the sector Star Bulk Carriers is buying Songa Bulk in a cash and share deal worth $327.95m.

Newport Shipping has come up with an innovative new concept in managing ship repair projects, providing a business-friendly solution for shipowners, while also aiming to get an edge in the looming retrofit market.

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