A rebound in offshore project sanctioning could see some $123bn worth sanctioned this year boosted by $18bn in recent commitments by Saudi Aramco, according to Rystad Energy.

Offshore vessel owner and operator Topaz Energy and Marine has continued to perform strongly in the first half of 2019 with an 87% utilisation rate for its fleet.

ExxonMobil’s new 40BN cylinder oil for use with 0.5% low sulphur fuels will be available at key ports from September ahead of IMO 2020.

Oil Companies International Marine Forum (OCIMF) has been ordered by the High Court in London to reinstate the accreditation of one of its senior surveyors, and pay damages amounting to GBP126,841 ($153,985).

The bold/audacious/humongous or simply bodacious Trump “infrastructure” plan, estimated to be anywhere from $1.5trn to $2trn, seems not to be happening, but small victories are being seen in the ports sector.

Brazil’s Vale and China’s Ningbo Zhoushan Port Group have signed a memorandum of understanding (MOU) to further deepen their cooperation.

Samsung Heavy Industries (SHI) announced Monday that it has won orders for 10 LNG-fuelled aframax tankers valued at KRW751.3bn ($601m) from an Oceania-based shipowner.

Two sectors of interest to Seatrade readers – the OSV and offshore oil exploration businesses – have not really ‘recovered’ following the oil price slide of 2014 into 2015.

Hutchinson Ports has penned a memorandum of understanding with Egypt on the building of a new container terminal in Egypt’s port of Abu Qir.

The US Port of Long Beach has made progress with its $870m rail project to streamline rail operations and reduce bottlenecks at the second busiest container port in the country.