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/
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/
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/
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/
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/
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...
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/
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/
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/
Maritime Asset Partners (MAP) is behind the sale-and-leaseback transaction announced by Teekay Tankers last month for six aframax tankers bringing MAP’s portfolio past $100m in capital deployed. Funded transactions range from traditional senior secured loans to levered and unlevered sale-and-...
https://splash247.com/maritime-asset-partners-behind-teekay-aframax-sale-and-leaseback-deal/