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Norway Strike Delays Equinor Drilling; Short-term Output Safe
Norway's Equinor does not expect its output to be affected "in the short-term" after a union escalated an industrial action among drilling workers on Monday, the firm said."More drilling and well operations are affected. We will get delays ...


Euro Zone Trade in Goods Surplus Shrinks as Exports Drop
Euro zone's surplus for goods traded with the rest of the world dropped in May as exports fell and imports increased, one month before United States' tariffs on European steel and aluminium kicked in, official data showed on Monday.The European Union's statistics office…


Low Water Levels Hinder River Shipping in Germany
Water levels on the Rhine and Danube in Germany remain low after recent dry weather and cargo vessels cannot sail fully loaded on some sections of the rivers, traders said on Monday.The Rhine is too shallow for normal sailings from Cologne to south Germany, traders said.


Baltic Index Rises on Strong Capesize Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Monday, driven by strong rates for capesize vessels.* The overall index - which factors in rates for capesize, panamax and supramax shipping vessels - rose 29 points, or 1.7 percent, to


Tidewater and GulfMark Announce Merger
Tidewater Inc. and GulfMark Offshore, Inc. announced Monday that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies, creating the industry’s largest owner of offshore support…


Bisso Offshore Orders New Tugs from Eastern
Estern Shipbuilding Group announced it has signed a new contract with Bisso Offshore, LLC for the construction of two Robert Allan Ltd. RApport 2400 Ship Handing Tugs with escort capability. The deal was signed on May 31, 2018.Bisso Offshore…


d'Amico International Shipping Sells MT High Trust
Luxembourg-based d’Amico International Shipping announced that its operating subsidiary d’Amico Tankers signed a memorandum of agreement and bareboat charter contract for the sale and leaseback of the MT High Trust for a consideration of US$ 29.5 million.


Maersk Drilling Bags 2 North Sea Contract Extensions
Maersk Drilling has been awarded contract extensions for the high-efficiency jack-up rigs Maersk Resolute and Maersk Resolve by Petrogas E&P Netherlands B.V. and Wintershall Noordzee B.V., respectively. The extensions allow the two rigs to continue their high-performance operations in the North Sea.


Fednav Adds 60th Owned Dry Bulk Vessel
Canada's Fednav Limited takes ownership of a 60th bulk carrier, an important milestone in Fednav’s history. This vessel, the MV Federal Dee, is the latest in a series of 22 box-hold handysize bulk carriers of 34,500 deadweight tons ordered from Oshima Shipyard of Japan since 2013.


ICTSI Wins Sudan Port Contract
Philippines-based International Container Terminal Services Inc. (ICTSI) said it has been chosen by the government of Sudan to handle the operations and management of the South Port Container Terminal (SPCT). In a disclosure to the Philippine Stock Exchange yesterday…



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