Revenues continued to decline for offshore vessels owner Bourbon in Q1 this year down 7.7% on the previous quarter as improved oil prices failed to boost activity.
Maersk Maritime and Dubai Maritime City Authority (DMCA) have met to explore new opportunities to collaborate on projects and initiatives in the maritime industry.
Singapore-listed Marco Polo Marine has suspended its shares from trading as it fails to reach agreement on refinancing and restructuring with some if its lenders.
Kawasaki Kisen Kaisha (K Line) reported a hefty loss of JPY139bn ($1.24bn) for FY2016 ended 31 March 2017 hit by restructuring losses and impairments.
Atlantic Navigation Holdings (Singapore) Limited has reached agreements with its principal banker to revise the repayment and to extend the tenure of term loans and revolving credit facilities of $46m.
Lamprell has delivered the final jackup drilling rig in a series of nine, the ‘Al Lulu’, to Abu Dhabi’s National Drilling Company (NDC).