SRTS News

The enormous strains felt by retailers in the US, struggling to get stock on their shelves, has taken an extraordinary turn with one of the biggest names on the American high street deciding to take matters into its own hands. Home Depot, the largest home improvement retailer in the US, ... read more

John Fredriksen’s offshore drilling firm Seadrill has agreed to sell its 2008-built jackup rig to Indonesia’s PT Duta Marine. The sale price is $7.3m, and will see Fearnleys receive a brokerage fee of 3.5% after the sale. Seadrill filed for chapter 11 in the Southern District of Texas in February ... read more

Norwegian owner Sterling Shipping has purchased the 2010-built kamsarmax bulk carrier from compatriot Lorentzens Skibs. Brokers report the Malta-incorporated firm has snapped up the 79,500 dwt vessel for a price of $16.75m, higher than VesselsValue’s estimate of $15.52m. Established in 2018, Sterling was launched by Norwegian duo Christopher Fjeld and ... read more

Taylor Maritime Investments has snapped up a handy bulker from Japan’s Shikishima Kisen for $15.2m, according to brokers. The 2011-built ship is part of the Guernsey-incorporated firm’s move to invest in 23 secondhand handysize and supramax bulk carriers. The Ed Buttery-led firm raised $253.7m in an oversubscribed issuing on the ... read more

With rates in record territory the size of a ship on the main east-west trade lanes is no longer a limiting factor to entry. Two up and coming Chinese carriers are set to enter the transpacific trades in the coming weeks. Rapidly expanding CU Lines, fresh from entering the Asia-Europe ... read more

Listed global carriers recorded a combined $16.2bn in operating profits in the first quarter this year, with seven of the 10 carriers recording EBIT of over $1bn in the three-month period, data from Sea-Intelligence shows. Underscoring the record highs container shipping has been enjoying of late, the tallied results mark ... read more

Thailand is dusting off old plans to create a national flagship carrier. The Port Authority of Thailand (PAT) will conduct a feasibility study into the establishment of a national shipping line, transport minister Saksayam Chidchob said on Saturday. “I believe the creation of the national maritime navigation line will happen ... read more

Sri Lankan authorities said over the weekend they will seek $40m in damages from the operator of the , a ship that caught fire last month and sank off the island’s west coast, creating one of the country’s worst ever ecological disasters. Ports and shipping minister Rohitha Abeygunawardena said an ... read more

A recently released report from global infrastructure advisory firm Moffatt & Nichol looks at the challenges California’s container and roro marine terminals will face in working to meet the state’s emission-reduction mandate. Not only has governor Gavin Newsom issued an executive order banning the sale of diesel- and gasoline-powered equipment ... read more

Autonomous Control Systems Laboratory (ACSL) has demonstrated an inspection of the hold of a Mitsui OSK Lines-operated bulk carrier using an advanced drone. Since 2013, Japan-based ACSL has been developing a range of drones for industrial and disaster prevention applications. The latest versions are increasingly autonomous and are equipped with ... read more

Stena Drilling has won two new deals and two contract extensions for its offshore rig fleet.  The Aberdeen-based firm has secured a new one-well contract from an undisclosed operator covering 30 days for its ultra-deepwater drillship , and a new deal with Hurricane Energy for the semisub Stena Don in British ... read more

Helix Energy Solutions’ marine contracting business unit Helix Robotics Solutions has been awarded a contract by Beacon Offshore for the multipurpose support vessel (MPSV) . The 2015-built vessel will carry out well severance and decommissioning campaign in the Gulf of Thailand for 120 days. The contract is scheduled to commence ... read more

Norway’s Awilco LNG has entered into a new charter agreement for 2013-built 156,000 cbm LNG carrier . The charter is for a period of around 10 months, commencing at the end of June 2021 in direct continuation of the current charter. Awilco’s other LNG carrier, WilForce, was chartered out in ... read more

UK offshore contractor James Fisher is bolstering its decommissioning capability with the acquisition of the entire share capital of engineering solutions and consultancy company, Subsea Engenuity. James Fisher is paying a total net cash consideration of up to $1m for a well abandonment technology which is said to eliminate ongoing ... read more

The US government has announced a proposed sale for offshore wind development on the Outer Continental Shelf in the New York Bight, making it the first competitive offshore wind lease sale for the Biden-Harris administration. The proposed lease areas, located in the shallow waters between Long Island and the New ... read more

Brazilian oil major Petrobras has signed a $2.3bn contract with joint venture partners Saipem and Daewoo Shipbuilding & Marine Engineering (DSME) for the supply of P-79, the eighth floating production storage and offloading (FPSO) unit to be installed in the Búzios field, in the pre-salt of the Santos Basin.  The ... read more

Hot on the heels of local rival NYK, Japan’s Mitsui OSK Lines (MOL) has joined the Global CCS Institute, an Australia-based international think-tank established to promote the use of carbon capture and storage (CCS) technologies. Through its participation in the Global CCS Institute, MOL said it aims to expand both ... read more

More than 1,000 Norwegian offshore rig workers could go on strike on June 17 if wage negotiations with the Norwegian Shipowners’ Association (NSA) fail. Norway’s Industri Energi labour union said on Friday that around 605 members would be involved, while the Safe union reportedly planned to take some 460 members ... read more

Seabed Geosolutions, a seismic division of Fugro which is set to be sold to Peter Zickerman’s PXGEO, has received a conditional letter of award from an undisclosed company for an ocean bottom node project (OBN) in the Americas region. The project is scheduled to start in the fourth quarter of ... read more

UK engineering firm Wood has secured a contract extension for the provision of engineering, procurement, and construction solutions and maintenance for the Hibernia platform off the coast of St. John’s, Newfoundland and Labrador. A five-year extension agreement will continue to employ up to 300 people on the contract, which it ... read more