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Pan Ocean linked to four-VLCC order at Hanwha Ocean
South Korean owner Pan Ocean has emerged as the buyer behind a four-vessel VLCC order at compatriot shipbuilder Hanwha Ocean. Hanwha Ocean disclosed on Friday that it had secured a KRW800.1bn ($524m) contract from an unnamed Asian shipping company for…
Petrobras taps OceanPact for Marlim field decom campaign
Brazilian offshore vessel owner OceanPact has signed a R$443.7m ($88.75m) contract with Petrobras to execute specialised pull-out and collection services for flexible lines in the decommissioning of stationary production units. Work under the contract, awarded after a public competitive process,…
Sallaum Lines books its largest car carriers to date
Car carrier owner Sallaum Lines has signed a contract for two firm and two optional 8,600 ceu newbuilds, marking the owner’s largest vessel size to date and another step in its ongoing fleet expansion programme. The order has been placed…
Scottish offshore wind farm stake changes hands in $208m deal
The Renewables Infrastructure Group Limited (TRIG) will dispose of its entire stake in the 588MW Beatrice offshore wind farm for around £155m ($208.2m) after receiving a binding offer from a co-shareholder. TRIG agreed to dispose of the 17.5% stake in…
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US-listed dry bulk owner Genco Shipping & Trading has moved to reassure…