In Bangalore, offshore oilfield services firm Great Offshore Ltd has run into fresh trouble after Axis Bank Ltd walked out of a deal to lend Rs350 crore to the Mumbai-based firm for funding the purchase of an oil drilling rig, currently under construction at Bharati Shipyard Ltd. Axis Bank wanted the money back after ONGC cancelled the rig contract and also due to delay in completing the construction of the rig.
(Source: livemint.com)
This week at MarineLink…Two reports released this week, one on the upscaling of green hydrogen production, the other on upscaling CCUS…
Dry bulk contracting falls 70% below average amid low rates.“Over the past three months, dry bulk newbuilding contracting…
Marine geosciences and offshore construction support services firm Next Geosolutions has acquired a multi-purpose survey…
QatarEnergy has selected the joint venture of Japan’s Mitsui O.S.K Lines (MOL) and China’s COSCO Shipping LNG Investment…
Hapag-Lloyd reduces emissions & costs through Shipshave’s ITCH solution, confirmed by DNV
Get lower carbon intensity solutions customized for your business needs
For the first time ever, Military Sealift Command is hosting a virtual job fair to reach US Citizens in the Philippines who are interested in a maritime career.
Subscribe for
Maritime Reporter E-News
Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week
