Andreas Sohmen-Pao’s BW LPG has pulled out of a proposed $1.1bn merger with rival Dorian LPG after months of back and forth bickering between the pair. Citing “Dorian’s continued refusal to give a meaningful response to BW LPG’s outstanding proposal, engage in constructive two-way discussions, or...
United States
Hornbeck and Gulf Island to go to court over cancellation
Hornbeck Offshore has had a lawsuit filed against it by Gulf Islands Shipyards over the termination of contracts for the final two vessels in Hornbeck’s fifth OSV newbuild program. Hornbeck had cancelled two MPSVs in the first quarter of this year, claiming performance issues at the yard. In the...
https://splash247.com/hornbeck-and-gulf-island-to-go-to-court-over-cancellation/
SAExploration lands $100m South Asian contract
Houston-based seismic data specialist SAExploration Holdings has been awarded a new marine project in South Asia by a major national oil company. SAExploration will utilise ocean-bottom nodal recording technology for the contract, which is worth around $100m and expected to commence before the end...
https://splash247.com/saexploration-lands-100m-south-asian-contract/
Subsea 7 and OneSubsea awarded Gulf of Mexico contract
Norwegian offshore service provider Subsea 7 has announced the award of a major contract by Fieldwood Energy to Subsea Integration Alliance, a global partnership between Subsea 7 and OneSubsea. The award is for the deepwater Katmai field development in the US Gulf of Mexico’s Green Canyon 40. The...
https://splash247.com/subsea-7-and-onesubsea-awarded-gulf-of-mexico-contract/
Horizon Maritime to acquire Nordic American Offshore
Supported by Canadian investor John Risley, Canada’s Horizon Maritime Services has entered into a memorandum of understanding with Nordic American Offshore to combine the two companies. The deal, which is subject to due diligence and the execution of a binding agreement before the end of this...
https://splash247.com/horizon-maritime-to-acquire-nordic-american-offshore/
China’s clever tariff tiff with the US
I am somewhat bemused by news headlines here in Australia and abroad that China’s response to the US shows a weakness, particularly pointing to the tariffs on LNG as an own goal of sorts. Furthermore, with some suggesting that business will relocate their businesses out of China as trade relations...
https://splash247.com/chinas-clever-tariff-tiff-with-the-us/
LA and Long Beach brace for trucker strikes
California’s top two ports are braced for disruption next week as truckers take aim at two logistics companies in a long running battle over back pay. Warehouse workers and truck drivers at the ports of Long Beach and Los Angeles will start a three-day strike on Monday, targeting XPO Logistics and...
https://splash247.com/la-and-long-beach-brace-for-trucker-strikes/
Aegean president departs
Marine fuel logistics company Aegean Marine Petroleum Network (AMPNI) has announced that its president Jonathan McIlroy will leave the company effective November 15. Kostas Polydakis, who was appointed to the position of chief operating officer in August, will assume McIlroy’s duties. Aegean also...
Port of San Diego hit by cyber attack
The Port of San Diego has been hit by a cyber attack, affecting more than 500 workers. The attack took place on Tuesday and has spread to many departments of the US west coast port. In a statement published Wednesday, the port’s CEO Randa Coniglio said the hack impacted issuing of park permits,...
https://splash247.com/port-of-san-diego-hit-by-cyber-attack/
International Seaways to install scrubbers on up to 10 VLCCs
US tanker owner International Seaways has entered into contracts with Clean Marine of Norway and a qualified system installer for the purchase and installation of scrubbers on seven of its modern VLCCs, with an option to install the system on further three VLCCs. The seven scrubbers are expected to...
https://splash247.com/international-seaways-to-install-scrubbers-on-up-to-10-vlccs/