Greek dry bulk giant Star Bulk Carriers has bought back another 10m shares from its largest investor, Oaktree Capital Management. The Nasdaq-listed operator of around 120 bulkers and the US private equity firm agreed on $19.50 per share. Star Bulk has been trading down for the past 15 days, closing...
https://splash247.com/star-bulk-continues-oaktree-share-buyback/
Oslo-listed offshore engineering and services provider Subsea7 has confirmed an award of a major contract with Petrobras for the development of the Mero 4 field offshore Brazil. The award of the contract was announced in redacted form with no customer or project revealed and was recorded in backlog...
https://splash247.com/subsea-7-confirms-major-petrobras-deal-on-mero-field/
A consortium comprised of McDermott and Petrovietnam Technical Services Corporation (PTSC) has secured a limited letter of award from Phu Quoc Petroleum Operating Company for Vietnam’s multibillion-dollar Block B gas-to-power project. Under the full project scope, the consortium will provide...
https://splash247.com/mcdermott-and-ptsc-consortium-lands-1bn-contract-offshore-vietnam/
Things continue to escalate at Performance Shipping, with Greek shipowner George Economou taking his fight to gain control of the US-listed tanker owner to the New York State Supreme Court. Economou, who owns around 9% of the aframax specialist via his investment vehicle Sphinx, launched a hostile...
https://splash247.com/economou-takes-performance-shipping-fight-to-us-supreme-court/
US engineering and naval architecture firm Friede & Goldman (F&G), best known for its jackup rig designs, and Norway’s OIM Wind have developed a new wind turbine installation vessel (WTIV) to meet the evolving needs of the global offshore wind market. The so-called FO-146 is based on F&G’s...
https://splash247.com/friede-goldman-and-oim-wind-unveil-wtiv-design-for-next-gen-wind-turbines/
Ships will start working again along the St Lawrence river this morning, bringing an end to an eight-day strike after a deal was struck Sunday with around 360 workers and members of Unifor, Canada’s largest private-sector union, in a dispute over wages with the St Lawrence Seaway Management Corp....
The St Kitts and Nevis ship registry stands accused of evading its responsibility to more than 30 seafarers by deregistering three ships on which they are abandoned, a tactic which has been roundly condemned by the International Transport Workers’ Federation (ITF). Seafarers on the Med Sea Eagle...
https://splash247.com/st-kitts-and-nevis-registry-takes-flak-in-triple-abandonment-case/
The US Bureau of Ocean Energy Management (BOEM) has finalised four new wind energy areas (WEAs) in the Gulf of Mexico. Together, the WEAs could support offshore wind projects with the potential to produce enough clean, renewable energy to power more than three million homes. Before finalising the...
https://splash247.com/us-designates-four-new-offshore-wind-areas-in-gulf-of-mexico/
Los Angeles now has green corridor links to more destinations in Asia than any other port with Guangzhou in south China being the latest port to sign a reciprocal deal with the Californian port. Areas of collaboration include development of digital supply chain infrastructure, creation of a...
https://splash247.com/la-and-guangzhou-form-green-corridor-pact/
US owner Seacor Holdings has sold Inland River Transport Holdings (SCF) to Ingram Barge Company, a division of Nashville-based Ingram Marine Group. “I am extremely pleased to enter this transaction with Ingram, one of the most respected river transportation providers,” said Eric Fabrikant, Chief...
https://splash247.com/seacor-sells-inland-shipping-business-to-ingram/