AFTER several weeks of strong gains, some brokers believe that a balance between supply and demand is emerging for panamax vessels trading in the Atlantic region, writes Michelle Wiese Bockmann .
JAPANESE energy group Inpex has pulled back the final investment decision on a huge offshore gas project off Western Australia for another year to give it extra time to complete engineering and tendering work for a pair of floating production systems, writes Martyn Wingrove .
TEEKAY Offshore Partners will consider buying the Petrojarl Foinaven floating production storage and offloading vessel from its parent company Teekay Corp to double the size of its FPSO fleet.
NORWEGIAN floating production unit operator Sevan Marine will begin studies for US oil major Chevron for the deployment of an FPSO for the Alder project in the North Sea after winning a contract this week, writes Martyn Wingrove .
MONACO-based oil production shipowner SBM Offshore is lining up a $400m extension to its debt facilities to pay for changes to orders and upgrading of existing ships.
WHEN around 150 of Asia’s top shipping executives gather in Hong Kong next week for the 19th Asian Shipowners’ Forum they will face a raft of issues to contend with during their three-day annual meeting.
A STINGING attack on the lack of support by the Hong Kong government to the territory’s maritime industry has been launched by the head of one of Hong Kong’s largest independent tanker and bulker operators, writes Keith Wallis.