The global newbuilding orderbook to existing fleet ratio has dropped to its lowest level in 20 years dropping to just 10% of capacity.
Technology group Wärtsilä and Maersk Drilling have joined forces in a unique co-operation to create a 25-year thruster maintenance strategy for Maersk’s three semisubmersible rigs and four drillships.
The trial begins on Monday in Houston for a man seeking over $1m in compensation for injuries suffered when Friede & Goldman jack-up under construction for Noble Drilling tilted while…
Foresight Group run by London-based entrepreneur Ravi Mehrotra has bought a1999-built VLCC from John Fredriksen’s Frontline Shipping for an undisclosed sum.
The potential of LNG for power generation is huge in Southeast Asia in particular as well as South Asia and an attractive proposition for many countries is a floating solution.
Market leading offshore marine player Bourbon is reorganizing its business into three units under a new action plan #BourbonInMotion and investing EUR75m ($92.4m) in the digistalisation of its Bourbon Marine…