Finance & Insurance
Scorpio Tankers has agreed to buy four MR product tankers currently being built in Korea, for around $151m.
The risk of piracy has “not gone away” according to chairman of Maritime Piracy Humanitarian Response Programme (MPHRP) Peter Swift, at a conference hosted by the International Union of Marine…
Keppel has secured two contracts for conversions of two Floating Production Storage and Offloading (FPSO) with a combined worth of $190m, for SBM Offshore and M3nergy Offshore.
Marine insurers have warned that growing government regulation of wreck removal is driving up costs, and some measures introduced could warrant legal challenges.
Indonesian state oil and gas firm Pertamina has budgeted $2.46bn for a 19-ship tanker fleet renewal programme, local media reports quoted assistant manager of shipbuilding support Muhammad Irfan as saying.