When we covered the gross injustice of the case of Heroic Idun, where the 26-strong crew of a tanker were detained in Nigeria for many months on trumped up charges until ..
Cayman Islands
COLUMN | More, more, more! Purus adds to the wind orderbook… parent EnTrust increases green investment plus a Ferry Fiasco update from Scotland [Offshore Accounts]
No sooner had we written last week’s article on the stream of new building commissioning service offshore vessels (CSOVs) by Edda Wind and North Star Shipping than Puru ..
COLUMN | Saipem lives again, Mozambique restart is slated whilst more small island Caribbean corruption emerges [Offshore Accounts]
A year ago we were reporting on the crisis at Saipem. The company’s shares had crashed and the CEO was on his way out as the company racked up over a billion dollars of ..
COLUMN | Singapore spin hits Cayman secrecy? Temasek, Keppel, Baluran and Kyanite’s US$2.9 billion drilling rig deal is very hard to follow [Offshore Accounts]
It’s the biggest offshore rig deal of 2022, and it is the most confusing by far. The complexities of the deal scream out why more transparency is needed in corporate di ..
COLUMN | Battle of the s̶u̶b̶s̶e̶a̶ subsidy robots? Eidesvik, Fortescue, Fugro, Maersk, Ocean Infinity, XOcean [Offshore Accounts]
Every child knows that it is best if their parents pay for stuff. Even big, grown-up companies like it when governments play mum and dad, and hand them cash. This week we ..
Fugro to update Cayman Islands hydrography for UKHO with carbon-neutral survey
Fugro to update Cayman Islands hydrography for UKHO with carbon-neutral survey
The UK Hydrographic Office (UKHO) has selected Fugro to survey a 515 km2 area over the Cayman Islands in November. The project will support updated nautical charting and improved coastal zone management. To accomplish the work, Fugro will deploy their Rapid Airborne Multibeam Mapping System (RAMMS), a...
VESSEL REVIEW | Wayfinder – Australian-designed, Spanish-built 68m yacht support vessel
Spanish shipyard Armon has delivered a new yacht support catamaran vessel. Custom-designed by naval architects Incat Crowther in compliance to Lloyd’s Register clas ..
COLUMN | A tale of six restructurings: Polarcus, Seadrill, Diamond Offshore, Siem Offshore, SeaBird Exploration, and Pacific Radiance [Offshore Accounts]
Charles Dickens offered only A Tale of Two Cities. This week, I offer a tale of no less than six restructurings, as the crisis in the offshore sector comes to a head. One ..
Avenir LNG’s newest bunkering ship hits the water
Avenir LNG has confirmed that its newest LNG bunkering vessel, Avenir Allegiance, has been launched into the water for the first time. Built by CIMC Sinopacific Offshore ..
COLUMN | Christmas turkey: Borr Drilling [Offshore Accounts]
Another Christmas Eve, another frantic effort from a struggling Norwegian offshore contractor to cobble together a deal with its creditors before the end of the year. A ..