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WFW advises DSF on a US$100m term loan facility for Diana Shipping

Watson Farley & Williams (“WFW”) has advised Danish Ship Finance A/S (“DSF”) on a US$100m term loan facility granted to ship-owning companies of the Diana Shipping Inc. Group (“Diana Shipping”) for the refinancing of nine vessels with a maturity date in April 2028. The proceeds from the new loan facility will refinance other loans with …

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Valaris wraps up rig sale and gets more work for its fleet as offshore drilling market tightens

Offshore drilling contractor Valaris has secured new contracts and extensions for its rig fleet in the UK, Brazil, and New Zealand. In addition, the rig owner brought a sale of one of its rigs to a close. While the offshore drilling market keeps tightening, the company records a strong performance during the first quarter of …

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Transocean sees recent rig deals as proof of ‘sustained upcycle’ in offshore drilling market

With “an outstanding quarter” now behind it, Transocean, an offshore drilling contractor, is looking forward to further growth in the offshore drilling market, as the deals awarded to its rig fleet in the first quarter of 2023 have fuelled the firm’s hopes of increased rig demand, higher day rates and fleet utilisation over the coming …

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Probe into incident on North Sea platform underway after worker suffers ‘facial injuries’

Norwegian offshore safety regulator has launched an investigation into an incident, which resulted in an injury, on an Equinor-operated platform in the North Sea, located on one of the oldest producing fields on the Norwegian continental shelf (NCS). Statfjord B platform; Credit: Harald Pettersen/Equinor The Petroleum Safety Authority Norway (PSA) reported last week that it had …

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UK politicians see collaboration with oil & gas sector as key to reaching net-zero

The UK’s representative body for the offshore energy industry, Offshore Energies UK (OEUK), has commissioned YouGov to gauge Westminster MPs’ feelings towards the oil and gas industry. The results show that the majority of MPs believe the UK can achieve its net-zero goals by collaborating with the oil and gas industry. Illustration; Source: Offshore Energies UK (OEUK) Based …

UK politicians see collaboration with oil & gas sector as key to reaching net-zero Read More »

Wavepiston starts final factory acceptance tests and assembly of wave energy collectors

Danish company Wavepiston has made progress on the assembly and testing of its wave energy collectors ahead of deployment offshore Canary Islands. Factory acceptance test of energy collectors at Thune Eureka factory (Courtesy of Wavepiston) Factory acceptance test of energy collectors at Thune Eureka factory (Courtesy of Wavepiston) Wavepiston’s team, together with the manufacturer Thune …

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DP World movilizó 19,5 millones de TEUs en primer trimestre del 2023

La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …

DP World movilizó 19,5 millones de TEUs en primer trimestre del 2023 Read More »

Georgia Ports presenta nuevo almacén Savannah Transload Facility

La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …

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