Nine personnel have been kidnapped by pirates from the BW Offshore FPSO Sendje Berge off Nigeria.

Mermaid Maritime Public Company has announced a temporary suspension of operations of a jack-up drilling rig in the Middle East due to unfavourable market conditions.

The opening of the 2020 navigation season on the Saint Lawrence Seaway, which connects the Great Lakes to the Atlantic, at the beginning of April, could not have come at a worse time, with all manner of uncertainties roiling trade flows.

Floating storage and regasification unit (FSRU) BW Magna has arrived at a new terminal in the Brazilian Port Acu to start its contract serving Gas Natural Acu (GNA) ’s LNG-to-power project.

As the oil price and lower energy demand paint a bleak picture for offshore operators and rig owners, cost control will be a top priority.

Japanese engine and powerplant specialist Diesel United has entered into a service agreement with UAE-based marine and industrial engineering firm NICO International.

Shanghai Zhenhua Heavy Industry (ZPMC) has inked a port crane purchase contract with Hainan Harbor & Shipping for Yangpu Xiaochantan terminal.

Energy markets have surprised, with a resilient pricing of WTI and Brent oil rising to levels not seen since early March- at levels touching $40 per barrel and just shy of $43 per barrel respectively.

Singapore rigbuilder Keppel FELS has rejected allegations by Awilco Drilling that it breached terms under the construction contract for the semi-submersible newbuild Nordic Winter which the drilling company has terminated.

Singapore shipyard group Sembcorp Marine (Sembmarine) is to be demerged from its parent Sembcorp Industries and undertake a SGD2.1bn ($1.51bn) rights issue.