Offshore News – Finarge Armamento sold to Brazil in $94 million deal – August 2021
Finarge Armamento Genovese Srl was founded in 2008 as a subsidiary of the Italian company Finarge SRL, which was established in 1981 by Italy’s Rimorchiatori Riuniti S.p.A. was sold to Brazil offshore vessel operator CBO as agreed in August, 2021. The total payment amounts to $94.4 million. As outlined in the investment agreement signed by CBO […]
Towage – Jack Up Oil Rigs ATWOOD AURORA and ATWOOD BEACON leaving Malta – March 2021
After Transport Minister Ian Borg announced in January 2021 that both jack up oil rigs ATWOOD AURORA and ATWOOD BEACON will be removed from Palumbo Malta Shipyards, it was time that both rigs vacate the berth, months after residents and activists protested about the laid up oil rigs. Intervening in the issue, the ombudsman confirmed […]
