Miami-based Royal Caribbean Cruises Ltd. has signed a memorandum of understanding with French shipbuilder STX France to build a fifth Oasis-class ship and two additional Edge-class ships. The vessels are scheduled to join their owner in the spring of 2021…

Australian energy company Woodside has received environmental approvals from the Department of Communications, Climate Change, & Natural Resources in Ireland for the 3D seismic surveys on its acreage in the Irish Atlantic. Woodside is the operator of licences FEL 3/14…

US-based Philly Shipyard has entered into a definitive loan agreement with Caterpillar Financial Services Corporation (Cat Financial) for a USD 150 million loan facility to finance the construction of four product tankers being built for Philly Tankers LLC. The conclusion…

Asia/Pacific based owners could get back at the lead as largest market holders of the world fleet, thus reversing the recent trend that saw European owners at the forefront. Namely, Asia/Pacific based owners hold the largest proportion of the orderbook,…

Demolition contractor Erith started work today on a landmark tower overlooking London’s Hyde Park to make way for developer Almacantar’s £400m Marble Arch Place mixed-use scheme. Brookfield Multiplex was also today confirmed main contractor for the scheme under a contract…

Offshore deepwater drilling services provider Ocean Rig posted a rise in its profit and revenues for the first quarter of 2016 when compared to the year-ago quarter. The offshore driller on Thursday reported a net income of $288 million in…

In an effort to secure funding for its vessels currently under construction and finance general corporate purposes, the containership owner and operator Seaspan Corporation has entered into over USD 540 million of debt and equity financings. The company renewed its…

House builder Countryside Properties said strong demand in outer London and the Home Counties helped lift completions and average selling prices in the first six months. The firm, which floated on the stock market in February, said it had seen…

After it delivered stronger earnings through its merger with ACM Shipping which formed Braemar ACM Shipbroking, the UK-based Braemar Shipping Services plc secured new financing arrangements of up to GBP 30 million (USD 43.5 million) with British bank company HSBC…

French energy behemoth Total has officially inaugurated the Laggan-Tormore project in the Shetland Islands, UK. The inauguration ceremony was held on Monday, at the Shetland Gas Plant in the presence of government and industry partners including Amber Rudd MP, the…