Oil major BP, oilfield services provider Baker Hughes, and offshore driller Odfjell Drilling have entered into a tripartite agreement to work together to transform platform drilling and completions activity at the Clair field – the largest oilfield in Western Europe....

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Danish offshore vessel provider Maersk Supply Service has ordered a battery pack for one of its M-class vessels as part of its target to reduce carbon intensity by 50 per cent across its fleet in 2030. Maersk Supply Service said on Friday it has chosen Wärtsilä as the...

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The Baltic exchange’s main sea freight index fell on Thursday largely due to a fall in rates for the capesize vessel segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 66 points, or roughly...

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Using VesselsValue Trade, we will assess the current status of the Tanker market, using historical and current AIS derived supply and demand data. Dirty Tankers: Demand and Rates continue to fall The impacts of Covid for the dirty Tanker market are still very present...

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Ship owners’ appetite for crude tankers has intensified since the start of 2021, manifesting itself in an increased newbuilding contracting pace. According to shipboker Intermodal’s data, year-to-date, crude carriers contracting activity in dwt terms is estimated at...

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