Industry Sectors:Offshore

Offshore

Höegh LNG is lining up a series of four FSRU newbuildings at Samsung Heavy Industries (SHI).
Eight senior executives of Swiber Holdings have been probed by the Commercial Affairs Department (CAD) of Singapore and released on bail in relation to alleged violation of the Securities and…
OSV operator Pacific Radiance announced that an executive director of the company was arrested by Singapore authorities for alleged corruption.
Proposed sweeping changes to Singapore’s restructuring and insolvency laws has come at a time when many companies, especially some offshore firms, are heavily burdened by debts and facing the threat…
Plans for a $4.3bn mega-shipyard in Saudi Arabia by Hyundai Heavy Industries (HHI), Saudi Aramco, Bahri and Lamprell have moved a step closer to construction with an inauguration ceremony.
Perdana Petroleum announced that it has cancelled the contract for the second of the two accommodation work barges it ordered from Nam Cheong for $84m in 2014.
Rolls-Royce will slash another 800 jobs worldwide for its marine business amid continuing weakness in the maritime market, on top of the 1,000 job cuts announced in May and October…
Dryships founder, chairman and ceo George Economou has taken over more than 90% of the company’s debt.
Few in the industry would argue that the maritime and offshore industry is experiencing one of its most challenging periods yet. Not only have oil prices fallen by more than…
Singapore’s Ezra Holdings has plunged to a $887.75m loss for the financial year ended 31 August 2016 as it took huge impairments and warned of “going concern issue.”