Subsea well construction and intervention provider AKOFS Offshore has concluded a $300 million reducing revolving credit facility agreement with DNB Bank and Sparebank 1 Sør-Norge.
Arctic LNG 2, a liquefied natural gas project led by Russia's Novatek, is seeking about $1 billion in damages from South Korean shipbuilder Hanwha Ocean over cancelled tanker construction contracts, according to a disclosure by Hanwha.Arctic LNG 2, which is…
Kazakhstan's Ministry of Justice has suspended enforcement proceedings to recover KZT2.3 trillion ($5.06 billion) from the North Caspian Operating Company (NCOC) which runs the Kashagan oil field, Russia's Interfax news agency reported.NCOC, a joint venture between Shell, TotalEnergies, ExxonMobil and…
Norway said on Tuesday it has assisted 69 Russian citizens in returning to their home country from an Arctic island following the seizure of the small cruise ship they arrived on.A Norwegian court last week ordered the seizure in Svalbard…
The National Security Multi-Mission Vessel (NSMV) program represents a significant innovation in American maritime policy, maritime education, shipbuilding, and government procurement.
A coalition of 18 shipping nations issued a joint statement calling for greater cooperation and alignment with international rules, warning that recent global events demonstrate how fragile the system of maritime trade can be.
