Transocean Relinquishes Interests In Samsung Drillships Under Construction

“Following the conclusion of morning and afternoon searches by our aircraft and commercial vessels we suspended the active search,” said Chief Petty Officer Dennis Vetrano, with Coast Guard Joint Rescue Coordination Center Honolulu. Good Samaritans from four merchant vessels were able to rescue 16 of the 21 Sincerity Ace crew who abandoned ship following a…

HAMBURG, Germany – 18 September 2018 – DNV GL, the world’s largest resource of independent energy experts and certification body, has published the revised standard for design of floating wind turbine structures DNV GL-ST-0119, and a new guideline for the certification of floating wind turbines, DNVGL-SE-0422. Together, the two documents define design and certification requirements…

Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that the Company had entered into a $65.0 million credit facility with funds associated with Hayfin Capital Management and Breakwater Capital to fund the acquisition of additional feeder containerships. The non-amortizing facility may be drawn down during an 8-month period beginning September…

The global offshore drilling rigs market has moderately competitive landscape observes Transparency Market Research (TMR). Some of the players operating in the global offshore drilling rigs market are Ensco, Tranocean, Seadrill, Diamond Offshore, and COSL. These key players are relying on the adoption of technological advancement in order to achieve effective machines and products to make the…

Ocean Network Express (ONE) and PSA Singapore (PSA) will join hands to form a joint venture company based at Pasir Panjang Terminal in Singapore. Subject to regulatory approvals, the joint venture terminal is scheduled to commence operations in the first half of 2019 and operate four mega container berths with a combined annual handling capacity…

ESPO welcomes the Commission’s proposal for a Regulation establishing a European Maritime Single Window environment (COM2018 278 final). For European ports though, reducing the administrative burden in maritime transport and facilitating trade is a top priority. ESPO wants more ambition on the harmonisation of data definitions and data sets, while maintaining the existing reporting systems….