Norway’s Odfjell Drilling has secured more work for its Deepsea Atlantic semisubmersible drilling rig after compatriot energy major Equinor exercised options for two additional wells. The latest option exercise will keep the 2009-built rig employed until late in the fourth quarter of 2027,...
British ports have challenged European Union claims that shipping lines are diverting container traffic to the UK to escape carbon charges, warning that proposed anti-evasion measures risk penalising billions of pounds of investment in British terminals. The British Ports Association (BPA) has...
New York-listed tanker owner International Seaways has struck a deal to take over Tor Olav Trøim-backed Bruton in a transaction valuing the Oslo-listed VLCC company at around $370m. The agreement, announced on Friday, will see the Lois Zabrocky-led group acquire Bruton’s entire four-ship...
West Africa is fast becoming dry bulk shipping’s biggest growth engine, with its mineral export boom poised to absorb the equivalent of another 120 capesizes by 2030. UK consultancy Tradeviews forecasts in a new report that shipments from the region will surge 50% from 2025 levels to 303m...