Tanker News – US Imposes Sanctions on Russia’s Leading Tanker Company Sovcomflot – 23.02.2024
Last Friday 23rd February, the United States of America (USA) has imposed sanctions on Russia’s leading tanker group SOVCOMFLOT (SCF) of which Washington seeks to reduce Russia’s revenues from oil sales it can use to support the invasion of Ukraine, the Treasury Department stated. Russia is one of the world’s top oil exporters and the […]
Tanker News – Stolt-Nielsen builds up stake in rival Odfjell – February 2024
Chemical tanker giant Stolt-Nielsen has increased its stake in Norwegian competitor Odfjell, cementing itself as the company’s second-largest shareholder. The Oslo-listed firm has accumulated about 8.2m of the class A shares, equaling 13.6% ownership interest, second behind Norchem in Denmark, which sits comfortably at the top and in which Odfjell chairman Laurence Odfjell has a […]
Offshore – Drill Ship PACNORSE I
One of the drilling ships that was seen in Malta during the early 80’s, even drydocked at Malta Drydocks was the PACNORSE I. She was built in 1979 by Scotts Shipbuilding Company Ltd, Greenock, United Kingdom as yard number 746 and named as PACNORSE I for Pacnorse Drilling Corporation 1 Ltd (Kristian Jebsens Rederi A/S […]
Haifa Port – April 2022 Movements
The Port of Haifa is the largest of Israel’s three major international seaports, the others being the Port of Ashdod, and the Port of Eilat. It has a natural deep water harbor, which operates all year long, and serves both passenger and merchant ships. It is one of the largest ports in the eastern Mediterranean in terms of freight volume and […]
Broken Up – Russian Icebreaker KIGORIAK – April 2022
The 1979 Canadian built Icebreaker KIGORIAK was spotted beached at Alang, India to be broken Up. She was built by Saint John Shipbuilding & Dry Dock Company for Canadian Marine Drilling (Canmar) in 1979 as the CANMAR KIGORIAK. She was the first commercial icebreaking vessel developed to support offshore oil exploration in the Beaufort Sea. […]
Offshore News – Swire Pacific Offshore Fleet sold to Tidewater – 22.04.2022
On Friday 22nd April Tidewater Inc. announced the completion of its purchase of Swire Pacific Offshore Holdings Ltd., a subsidiary of Swire Pacific Ltd., for approximately $190 million after the sale was announced last 9th March. The deal will allow Tidewater to add SPO’s fleet of 50 OSVs to its own, creating one of the world’s largest OSV fleets. Part of […]
Ship Repair – PACIFIC WYVERN at Bezzina Ship Repair Yard – 2005.
Bezzina Ship Repair Yard (BSRY) is a complete Ship and Yacht repair facility for vessels of steel, aluminium, CRP and wood. It is a privately family owned and situated at Coal Wharf, Grand Harbour inner side. With 2 former Admiralty reinforced concrete floating docks (RCFD) of which lately they were refurbished, repetitive and new clients […]
