Oil and Petrochemicals
MSC Continues to Order 20 More Large Oil Tankers in China
Mediterranean Shipping Company (MSC) has ordered 20 new large oil tankers with a capacity of 24,000 TEU in China. This m...
Oil and Petrochemicals
Oil and Petrochemicals
NGM Energy Achieves $57.1 Million Profit from Suezmax Tanker Sale
NGM Energy earned a profit of $57.1 million by selling a Suezmax tanker for $97.5 million. This tanker was purchased les...
Oil and Petrochemicals
Ithaca Energy CEO to Retire by March 2027
Luciano Vasques, CEO of Ithaca Energy, has announced his retirement plans effective March 31, 2027. This leadership chan...
Oil and Petrochemicals
Ocean Oilfield Acquisition of Noble Resolve Enhances Drilling Fleet
Ocean Oilfield Integrated Solutions has acquired a jack-up drilling rig from Noble Corporation, enhancing the company's...
Oil and Petrochemicals
Expansion of Global Car Carriers' Shipbuilding Program with Two New Tankers
Global Car Carriers has added two large LNG dual-fuel vessels to its shipbuilding program in China, bringing the total n...
Oil and Petrochemicals
Eidesvik Offshore Extends Viking Avant Vessel Supply Contract Until 2027
Eidesvik Offshore has extended its vessel supply contract for the Viking Avant with Equinor until the end of 2027. This...
Oil and Petrochemicals
Increase in Second-Hand Tanker Prices to $235 Million in the Market
The price of second-hand tankers has reached $235 million due to increased demand in the market. This rise is attributed...
Oil and Petrochemicals
International Seaways Expands Its VLCC Fleet with $370 Million Acquisition of Bruton
International Seaways announced a $370 million agreement to acquire Bruton Limited to expand its fleet. This agreement i...
Oil and Petrochemicals
Chemnav Orders Two New Tankers in China
Chemnav Shipmanagement has expanded its Suezmax tanker construction program by ordering two new tankers in China. This o...
Oil and Petrochemicals
Transocean Secures Financing to Acquire Valaris
Transocean has secured a $750 million financing to finalize the $5.8 billion acquisition of Valaris. This financial faci...
Oil and Petrochemicals
Sale of New Tanker Capital Axis Maritime for $90 Million
The tanker Arriktos has been offered for $90 million by Capital Axis Maritime to Chinese buyers. This deal is taking pla...
Oil and Petrochemicals
China P&I Submits Full Membership Application to the International Group of P&I Clubs
China P&I, as the largest P&I insurer in China, has submitted its full membership application to the International Group...