Seadrill files chapter 11 with restructuring plan [Finance]
Seadrill Limited ("Seadrill" or the "Company") has entered into a restructuring agreement with more than 97 percent of its secured bank lenders, approximately 40 percent of its bondholders and a consortium of investors led by its largest sharehol...
2017-09-14 07:48:26
Shell-Petrobras to strengthen deep water partnership [Offshore]
Royal Dutch Shell and Petrobras signed last week in The Hague, Netherlands, a Memorandum of Understanding (MoU) to establish a long-term mutual collaboration in developing pre-salt fields in Brazil.  In true partnership spirit between two...
2017-09-14 07:46:29
New report examines future of autonomous maritime systems [Shipping]
Maritime activity over the next decade will be dominated by unmanned surface and underwater vessels, according to a report on the future of autonomous maritime systems launched.  GMTT2030 for pageWritten and researched by LR, QinetiQ and ...
2017-09-14 07:44:35
Rolls-Royce reveals plans for autonomous Naval vessel [Shipbuilding]
Rolls-Royce has revealed plans for an autonomous, single role, naval vessel with a range of 3500 nautical miles. The vessel concept is capable of operating beyond the horizon for over 100 days, will displace 700 tonnes and reach speeds above 2...
2017-09-14 07:42:20
MacGregor supplies services for 115 Teekay vessels [Equipment]
MacGregor, part of Cargotec, has signed a five-year frame agreement with Teekay Shipping Ltd including spare parts, maintenance, training and project support for Teekay's 115 vessels. The agreement was signed during the second quarter of 2017. &...
2017-09-14 07:41:18
Reducing the risk of propulsion loss – new guidance [Equipment]
Bureau Veritas, TMC Marine, the casualty and salvage experts, and the London P&I Club, have issued a new booklet providing operational guidance for preventing blackout and main engine failures, which is launched during the London Internationa...
2017-09-14 07:37:28
MHI selected as launch provider for Inmarsat-6 F1 [Equipment]
Inmarsat (LON: ISAT), the world’s leading provider of global mobile satellite communication services, announced on September 12 that Mitsubishi Heavy Industries, Ltd. (MHI) has been selected as the launch provider for the first satellite in the...
2017-09-14 07:35:56
Braemar to launch new LNG containment system [Equipment]
Braemar Technical Services, a technology division of British ship broker Braemar Shipping Services, is expected to launch a new LNG cargo containment system soon. In the early stage of the launch, it is expected to focus on small LNG carriers and...
2017-09-14 07:32:30
Seaspan buys one boxship resale from China [Shipbuilding]
It emerged that Seaspan Corporation has recently bought a resale of containership that is now under construction in China.  According to industrial source and foreign press, the company purchased one 11,000 teu containership which is now ...
2017-09-14 07:31:09
"Many Kamsarmax orders are resales" [Shipping]
A broker calms concerns over the prospect of tonnage oversupply due to dozens of Kamsarmax orders recently placed.  Global shipping research organization Banchero Costa said that yards booked dozens of Kamsarmax orders to their own accoun...
2017-09-14 07:30:23
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