Varun Shipping to Invest $300m

Wednesday, May 14, 2008

Varun Shipping reportedly will invest $300m to buy at least four new vessels in the offshore segment this year, according to a Reuters report. Varun is positioning itself to expand its presence in the offshore segment, the news organization said, quoting a leading Varun executive. Freight rates in the offshore segment has risen around 15 percent due to higher crude oil prices, which hit new life highs in 2008, crossing $120 a barrel on demand growth. (Source: Reuters)

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Cat C9.3 ACERT to Debut at WorkBoat

Caterpillar Marine unveils Cat C9.3 ACERT power solutions for the commercial marine market   Caterpillar Marine has launched the Cat C9.3 ACERT Marine platform,

Seajacks Scylla Delivered

Seajacks Scylla, touted as the world's largest and most advanced wind farm installation and offshore construction vessel, has been delivered by the Samsung Heavy Industries Shipyard in Geoje,

Horizon Awarded for GORHEAD Software

Horizon Shipbuilding, Inc. of Bayou La Batre, Ala., has been presented with the 2015 “Innovator of the Year” award by the Mobile Alabama Chamber of Commerce for

Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0630 sec (16 req/sec)